Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Old werner slogan is werner cares needs to have to lie added to it. Get up-to-the-minute news sent straight to your device. The Justice Department's Antitrust Division, at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia against Clarence L. Werner (Werner). In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. He served as Chairman Emeritus from May 2011 until August 2015, at which time he was elected as Chairman and assumed the responsibility of Chief Executive Officer. Mr. Werner is the father of Gregory L. Werner. Apply Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. Brokerage Standard Terms & Conditions (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Defendant. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Video resources including how-to guides and more. She was so dedicated to her family, Werner-Robertson said. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. C.L. googletag.enableServices(); Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Get the latest local business news delivered FREE to your inbox weekly. We work to advance government policies that protect consumers and promote competition. C.L. This process is automatic. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. gptAdSlots.push(gptSlot); On May 10, 2016, he stepped down as CEO and became Executive Chairman. Logistics Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Driver Number 1 and mega-fleet founder Clarence "C.L." Werner is taking back the wheel at Werner Enterprises, replacing son Gary as chairman of the 7,000-truck carrier. Alternatively, copies of the prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. This United States transportation corporation or company article is a stub. Sign up for our newsletter to keep reading. We take great pride in our transparency. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Thats likely attributable to C.L. Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. The co-founder of the Werner Enterprises transportation company was never afraid to do what was necessary to see the business succeed in its early days, when cash was tight and she juggled multiple roles. Login, Drive Blue Werner founded the company in 1956 at the age of 19 with a single truck. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Submit a Public Notice for Omaha World-Herald, By Paige Yowell / World-Herald staff writer, Leslie Arnold mystery solved: Man who died in Australia was enigmatic Nebraska fugitive, McKewon: Casey Thompson's departure, Nebraska's quarterback depth and coup of landing Jeff Sims, A new megadonor family is silently changing Nebraska political races, Built in the shape of a football with a soaring roof, 'Flying Nun' house is Bellevue icon, Six-week abortion ban dies in Nebraska Legislature, Nebraska Athletics parts ways with two veteran administrators, Nebraska quarterback Casey Thompson enters transfer portal, McKewon: Wisconsin's risky reset, Nebraska NFL draft takes and a fullback to watch, Dining Notes: New barbecue restaurant opens in Bellevue, Nebraska volleyball match at Memorial Stadium sells out in three days, Shatel: Casey Thompson is taking college athletics' merry-go-round the transfer portal, Creighton's Ryan Kalkbrenner enters NBA draft, Pospisil: Three new golf course gems made ranking Nebraska's best even tougher in 2023, With Jordan Larson on hand, Italy is perfect location for Elkhorn couple's wedding, Nebraska's point guard search continues as Hunter Sallis commits to Wake Forest, First Republic Bank to Be Sold to JPMorgan, Stock Market Today: Wall Street Rises to Cap a Winning April, Powerful New Obesity Drug Poised to Upend Weight Loss Care, Analyst Breaks Down Thursday's Market as Stocks Climb Amid Strong Tech Earnings. Phone: 1-800-468-9716. Hes a thoughtful leader. Careers, Dedicated Available Loads Final Mile The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. Complete the form below and well get in touch. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. They got a building full of number counters who think long time career drivers are too much of a expense when they can take no experienced steering wheel holders and replace them. Omaha, NE 68145 Benefits of latest machine technology to improve fuel efficiency. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. E-mail: invrelations@werner.com, Equiniti Trust Company WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. P.O. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents Werner Enterprises, Inc. has filed with the SEC for more complete information about Werner Enterprises, Inc. and the offering. Sadly they dont care about the long term drivers anymore. Contact She was very interested in her local community and what was going on and how she could be a good citizen.. Ive been here 21 years and yet I bring the average tenure of the executive team down, Leathers said, noting that it is not uncommon for people to remain with the company for 25 years or longer. Today, over 65 years since CLs journey began, Werner Enterprises, Inc. is an asset-based logistics provider and one of the five largest truckload carriers in the United States. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Werner Leathers In connection with this transition, the company announced an underwritten public offering of 12.8 million shares of its common stock by the Clarence L. Werner Revocable Trust. After retiring, she threw herself into the lives of her grandchildren, Werner-Robertson said, often swooping in to watch them when parents were out of town or between day cares and nannies. The most recent stock trade was executed by Carmen A Tapio on 11 August 2022, trading 1,170 units of WERN stock currently worth $49,374. Today, the Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino (HSR) Act. 1444 Blairs Bridge Rd, Lithia Springs, GA 30122, USA, 2215 Newlins Mill Rd, Easton, PA 18045, USA, 8701 Peterbilt Ave, Dallas, TX 75241, USA, 9239 Brighton Rd, Henderson, CO 80640, USA, 10251 Calabash Ave, Fontana, CA 92335, USA, 13000 Gateway Blvd E, Clint, TX 79836, USA, 879 Northwest, Bell Rd, Lake City, FL 32055, USA, 4801 W Magnolia St, Phoenix, AZ 85043, USA, 4395 Laybourne Rd, Springfield, OH 45505, USA, 18673 Dix Toledo Rd, Brownstown Charter Twp, MI 48193, USA, 2800 S Service Rd, West Memphis, AR 72301, USA. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. She was 79. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. googletag.pubads().collapseEmptyDivs(); would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. Morgan Stanley is acting as the sole underwriter of the offering. It will be hard for someone who dedicated the entirety of his life to making this company what it is to take a step back, Leathers said. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. www.fleetowner.com is using a security service for protection against online attacks. 100-2065fthayer@werner.com, Werner Investor Relations For those reasons, undue reliance should not be placed on any forward-looking statement. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Share sensitive information only on official, secure websites. C.L. Gloria Werner died Tuesday after a 17-month battle with lung cancer. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Host Seth Clevenger chats with two 3PL executives who have had firsthand experience contending with this crisis. (WOWT) - The Federal Trade Commission announced Wednesday that the founder of Omaha-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. Actual results could differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in Werners Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. The site is secure. Leathers noted he has done a lot to give back to the community. Learn more about Werner and our industry expertise through these video resources. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Box 64854 View the full 2020 CSR report here. If you experience any issues with this process, please contact us for further assistance. Werner was among the five largest truckload carriers in the United States in 2020. To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. You will be redirected once the validation is complete. In addition, the Clarence L. Werner . He has been a Company director since that time and also served as President until 1984. But it didnt take over her whole life, so she had a good balance.. to better communicate our successes and to help us identify new areas of focus for further improvement. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Before sharing sensitive information, make sure youre on a federal government site. Werner Enterprises was founded by Clarence L. Werner in 1956. In connection with CL Werner's transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust,. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. C.L. Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. Dont miss the hottest freight event of the summer! Learn how and when to remove this template message, "Werner CEO Looks Back at Founder's Legacy", "Werner Enterprises, Inc, Form 10-K, Annual Report", "Werner Enterprises Reports Fourth Quarter and Annual 2021 Results", https://en.wikipedia.org/w/index.php?title=Werner_Enterprises&oldid=1144949503, This page was last edited on 16 March 2023, at 13:03. Find legal resources and guidance to understand your business responsibilities and comply with the law. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Clarence L. Werner serves as Chairman of the Board of the Company. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Secure .gov websites use HTTPS He has been a Company director since that time and also served as President until 1984. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. The .gov means its official. Werner Enterprises, Inc. founder Clarence L. Werner agreed to a $486,900 civil penalty to settle claims that he violated the HSR Act by acquiring Werner Enterprises stock in a series of open market purchases without filing under the HSR Act and observing the required waiting period. Cross-Border Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Shareowner Services Phone: 800-228-2240 You have permission to edit this article. COVID-19 has placed significant strain on many freight networks. Werner was in continuous violation of the HSR Act from May 14, 2007, when he acquired the Werner Inc. voting securities valued in excess of the HSR Act's $100 million filing threshold, as adjusted, through April 3, 2020, when the waiting period expired on his . After 20 + years driving, I am about to leave the professional driving slavery. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Blog, Freight Quote The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling shareholder. Notably, the agency alleged that several of the purchases were . He is the face of tiranny and evil,as far as I am concerned. Intermodal Final Judgment (April 20, 2022) United States' Unopposed Motion and Memorandum in Support of Entry of Final Judgment (April 20, 2022) Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act (December 22, 2021) Stipulation and Order . She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Expedited The complaint 1 alleges that Mr. Werner first violated the reporting requirements of the HSR Act in May 2007, when he exercised options to acquire WEI stock that resulted in his combined holdings exceeding the . Please enable JavaScript on your browser and try again. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Elogs weren t made for ppl like me who drives legal 100% of the time,but I am a casualty,all bc of this man and his outlaw company. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents Werner Enterprises, Inc. has filed with the SEC for more complete information about Werner Enterprises, Inc. and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Listen to today's daily briefing: Subscribe: Apple Podcasts | Spotify | Amazon Alexa | Google Assistant | More, 80 M Street SE, Suite 800, Washington, D.C., 20003, Werner Acquires Truckload Carrier Baylor Trucking, Werner Partners With Aurora to Haul Freight Autonomously in Texas, FedEx Freight Plans Closure of 29 Locations | Transport Topics, California OKs Advanced Clean Fleets Regulation | Transport Topics, 3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say | Transport Topics, Toyota Class 8 Hydrogen Powertrain Approved in California | Transport Topics, 2023 Top 100 Logistics List Highlights Growth for 3PLs | Transport Topics, 2023 Transport Topics | All Rights Reserved. Event Type* Event Type*RecurringOne-Time, Pre-Qualify Now CDL Training Experienced Truck Drivers Available Truck Driver Jobs Veterans Owner Operators Opportunities Login, Dedicated One-Way Truckload Expedited Intermodal Temperature-Controlled Cross-Border Logistics Management Final Mile Freight Management & Custom Solutions, About Werner Investors Terminals Contact Logistics Blog Truck Driver Blog Werner EDGE Blog Podcasts Werner Store, Freight Quote Available Loads Become a Carrier Credit Application Werners Standard Rules Tariff Brokerage Standard Terms & Conditions Site Map Terms and Conditions Privacy Policy. Werner Enterprises, Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Werner will remain as chairman through his current term, which expires in May 2021. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. he and his log dept deviced the evil scheme that has been getting worse ever since. Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. He was the third of seven children of his parents. Please subscribe to keep reading. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Today the carrier has more than 7,800 tractors in service, generating nearly $2.5 billion in revenue during 2019. window.googletag = window.googletag || {cmd: []}; www.fleetowner.com is using a security service for protection against online attacks. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. There is no future nor money in transportation! PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. Hes maintained his CDL, Leathers noted. Copy and paste multiple symbols separated by spaces. Advantages The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Hes continued to drive a truck at points along the way.. P.O. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Want more news? Leathers added C.L. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); Werner also has a charitable side. Increased driver satisfaction and retention. Werners Standard Rules Tariff Clarence L. Werner serves as Chairman of the Board of the Company. Werner has always remained connected to its roots, Leathers said. Whether in the office or behind the wheel, join Werner today. In connection with CL Werner's transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. They married and settled in Council Bluffs, where they founded Werner Enterprises. United States v. Clarence L. Werner; Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 16(b)-(h), that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the District of Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. 1:21-cv-03332 Judge: James E. Boasberg Start Printed Page 479 Complaint for Civil Penalties for Failure To Comply With the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Site Map Type a symbol or company name. His wife, Helen Mellinger Werner survives. Type a symbol or company name. Photo: Werner Enterprises Nebraska-based Werner Enterprises. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Credit Application He was. Werner Enterprises executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. Please enable cookies on your browser and try again. On average, Clarence trades about 373,335 units every 132 days since 2004. googletag.pubads().enableSingleRequest(); Higher horsepower maintains consistent productivity over various road grades. The company offers a diversified portfolio of transportation and logistics services to companies around the globe, including: In addition, Werner offers an alliance carrier network of more than 26,000 carriers and ocean, air and rail providers.

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