Its truly the epitome of an American success story.. Share sensitive information only on official, secure websites. He has been a Company director since that time and also served as President until 1984. Cross-Border When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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()); Based in Richmond, VA, Todd is the finance editor at FreightWaves. Global Services 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. 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. Before sharing sensitive information, make sure youre on a federal government site. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. On this week's episode of Idea Generation, renowned record producer Just Blaze explains how he built one of the most impressive resumes in music, taking us on a journey from his early days as a. googletag.cmd.push(function() { You have permission to edit this article. Please enable cookies on your browser and try again. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the proposed offering and the expected transition of the role of Chairman of the board of directors, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. 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 Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. Despite the companys growth over the years, C.L. 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. They think a degree in management or logistics makes them better then the drivers and qualified to tell someone with no tickets, csa points or accidents how to drive. Werner was among the five largest truckload carriers in the United States in 2020. Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Notably, the agency alleged that several of the purchases were . Temperature-Controlled We commit to embracing these values as we move toward an increasingly inclusive culture where every associate feels empowered to bring their whole self to Werner. Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. Some photos, graphics, and other materials used on this website are copyrighted and used with permission or licensed for use on this website, but may not be copied and distributed without the copyright holders permission. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Custom Solutions, Advantages Find legal resources and guidance to understand your business responsibilities and comply with the law. 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 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. }); Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L CL Werner stepped down from the executive chair seat on May 31. Contact us with any questions! googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. On May 10, 2016, he stepped down as CEO and became Executive Chairman. he and his log dept deviced the evil scheme that has been getting worse ever since. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Please enable JavaScript on your browser and try again. MarketScreener: Created by Investors for Investors! Sign up for our newsletter to keep reading. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Excellence resale value for driver-preferred well-maintained trucks. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Thats likely attributable to C.L. www.fleetowner.com is using a security service for protection against online attacks. 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. 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 [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. She worked there until she retired from the business in 1984. Box 45308 Werners Standard Rules Tariff You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. {{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. These symbols will be available throughout the site during your session. Maintaining a new fleet with an average tractor age of 2 years results in: At Werner, we support and encourage the diverse voices and perspectives of our associates, our customers, and our suppliers. googletag.pubads().collapseEmptyDivs(); Leathers added C.L. Werners outlook on managing the company, Leathers said. Leathers noted he has done a lot to give back to the community. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. He is expected to be named chairman emeritus once his term is over. 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. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. To find out more about WernerBlue, including our recent milestone successes as well as future goals, visit our ESG section by clicking the Learn More button below. Are you an organization or group who would like to request assistance from the Blue Brigade? The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. The Federal Trade Commission (FTC) announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. (CCJ Top 250, No. 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. Become a Carrier She was 79. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. There is no future nor money in transportation! Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Mr. Werner started his career as a truck driver at age 19 with one single truck. 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? Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. Morgan Stanley is acting as the sole underwriter of the offering. She was 79. Werner recommended to the board that Leathers be named chairman when his term ends next year. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. You must click the activation link in order to complete your subscription. Secure .gov websites use HTTPS 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 . 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. Civil Action No. On average, Clarence trades about 373,335 units every 132 days since 2004. Final Mile Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Learn more about your rights as a consumer and how to spot and avoid scams. But C.L. We take great pride in our transparency. Werner founded the company in 1956 at the age of 19 with a single truck. Provide better on-time service to customers and less downtime. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. His wife, Helen Mellinger Werner survives. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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,. Old werner slogan is werner cares needs to have to lie added to it. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Morgan Stanley is acting as the sole underwriter of the offering. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Terminals 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. CLARENCE L. WERNER . Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, and Clarence L. Werner, founder of the Werner Enterprises, right, attend an event honoring Hall of Fame pitcher Bob Gibson in Papillion, Nebraska, U.S. on Thursday, April 11, 2013. 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. Hes built schools and churches and made major contributions to medical centers. Site Map He has been a Company director since that time and also served as President until 1984. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. 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. Credit Application Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Search the Legal Library instead. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. C.L. Looking for legal documents or records? The Clarence L. Werner Revocable Trust is also expected to grant the underwriter of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock. Federal government websites often end in .gov or .mil. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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). Leathers C.L. Need to talk to an agent? 1975 To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Visitation is scheduled for 5 p.m. Tuesday at St. Wenceslaus Catholic Church, 15353 Pacific St., with a vigil service at 7 p.m. A funeral Mass will be celebrated at 10:30 a.m. Wednesday at the church. Hes very philanthropic, Leathers said. The service requires full cookie support in order to view this website. OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share. Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. Resources Official websites use .gov This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 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 annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Shareowner Services [3], In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Complete the form below and well get in touch. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. The site is secure. It didnt take long for her to get that check.. 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. 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. Clarence L. Werner Chairman-Emeritus J Jack A. Holmes Board Member K Kenneth M. Bird Board Member Alexi A. Wellman Board Member C Carmen A. Tapio Board Member S Scott C. Arves Board Member V Vikram Mansharamani Board Member D Diane K. Duren Board Member G Gerald H. Timmerman Board Member Show more Werner Enterprises Leadership Demographics Hes continued to drive a truck at points along the way.. 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. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. You can cancel at any time. Werner stepped down from his role as executive chairman effective May 31, but will continue as. Advantages As a result of these professional experiences, Mr. Werner brings to the Board a unique understanding of our business and operations attributed to his long-standing commitment to, management of and involvement with the Company for over 60 years, as well as his significant and extensive knowledge of the transportation industry. Transportation and logistics provider Werner Enterprises' ( NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L "CL" Werner stepped down from the executive chair seat on May 31. 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 can help Wikipedia by expanding it. 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. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. Hes a thoughtful leader. In addition, the Clarence L. Werner . googletag.enableServices(); Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. to better communicate our successes and to help us identify new areas of focus for further improvement. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. St. Paul, MN 55164-0854 Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Want more news? C.L. googletag.cmd.push(function() { On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. He was. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. Blog, Freight Quote 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. Omaha, NE 68145 NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Werner Enterprises CEO Derek Leathers in an exclusive interview with Transport Topics discussed how the principles established by company founder Clarence L. Werner who plans to step down as chairman of the board next year remain the foundation of how the company operates. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. 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. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. During the Great Depression years, poverty struck the family, and living conditions were tough. But the Werner family showed an indomitable spirit and battled the crises. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. She was very interested in her local community and what was going on and how she could be a good citizen.. Werner offers a modern, premium fleet and a comprehensive preventative maintenance program, resulting in clean, professional-looking equipment, maximum cargo capacity and minimal equipment downtime. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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. Careers, Dedicated Werner also has a charitable side. P.O. Do Not Sell My Personal Information (CA Residents Only). Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. You can sign up for additional alert options at any time. As a person, when I think of him the word that comes to mind is hes humble.. An official website of the United States government. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. 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. In connection with CL Werners 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. Type a symbol or company name. Clarence L Werner is the Chairman of Werner Enterprises Inc and owns about 3,028 shares of Werner Enterprises Inc (WERN) stock worth over $142,619 .

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