Higher horsepower maintains consistent productivity over various road grades. googletag.enableServices(); 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. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. [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. Werner stepped down from his role as executive chairman effective May 31, but will continue as. Federal government websites often end in .gov or .mil. 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. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. 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). 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. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. He was. This United States transportation corporation or company article is a stub. Mr. Werner is the father of Gregory L. Werner. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Gloria Werner was always known as creative and tenacious. www.fleetowner.com is using a security service for protection against online attacks. Gloria Werner died Tuesday after a 17-month battle with lung cancer. He has been a Company director since that time and also served as President until 1984. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. You can sign up for additional alert options at any time. The legacy hes built is founded on integrity, doing things the right way, putting the customer at the forefront of what we do and always having respect for the role and importance of the professional drivers.. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Global Services 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 . We take great pride in our transparency. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. C.L. 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), To view PDF files on this website you need the free Adobe Reader. googletag.pubads().enableSingleRequest(); 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Available Loads To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Cross-Border Photo: Werner Enterprises Nebraska-based Werner Enterprises. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. Right on point. Gloria Werner died Tuesday after a 17-month battle with lung cancer. 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. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Click for more FreightWaves articles by Todd Maiden. It didnt take long for her to get that check.. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. Box 45308 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 ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Mr. Werner started his career as a truck driver at age 19 with one single truck. Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. 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. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. He has been a Company director since that time and also served as President until 1984. 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. Details can be seen in Clarence L Werner's Latest Holdings Summary section. Type a symbol or company name. 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. Werners retirement, but also beyond the tenures of the current management team, himself included. Learn more about your rights as a consumer and how to spot and avoid scams. 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,. Equipment Sales, About Werner Find the resources you need to understand how consumer protection law impacts your business. 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. 1975 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. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. You will be redirected once the validation is complete. (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. 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. 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. Leathers C.L. Contact us with any questions! Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. On average, Clarence trades about 373,335 units every 132 days since 2004. 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. There are 1 older and 21 younger executives at Werner Enterprises. googletag.enableServices(); 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. She packed the boys up with some unfolded laundry and sat in a customers lobby until she could see somebody about getting her check, her daughter Gail Werner-Robertson recalled. 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 You can help Wikipedia by expanding it. Terms and Conditions, Werner Announces Planned Transition of its Founder and Related Proposed Secondary Offering of Common Stock, Beginning of a New Chapter as Werner Founder CL Werner Transitions, Governance Documents & Committee Composition. Werner was among the five largest truckload carriers in the United States in 2020. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. 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. 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. 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 offers a modern, premium fleet and a comprehensive preventative maintenance program, resulting in clean, professional-looking equipment, maximum cargo capacity and minimal equipment downtime. Before sharing sensitive information, make sure youre on a federal government site. 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. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Werner also has a charitable side. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Werner will remain as chairman through his current term, which expires in May 2021. The service requires full cookie support in order to view this website. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Brokerage Standard Terms & Conditions 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()); You have permission to edit this article. She was 79. Copy and paste multiple symbols separated by spaces. But it didnt take over her whole life, so she had a good balance.. Need to talk to an agent? 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 In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Blog, Freight Quote Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. These symbols will be available throughout the site during your session. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Morgan Stanley is acting as the sole underwriter of the offering. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. 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. 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. 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. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. googletag.cmd.push(function() { Investors Careers, Dedicated Civil Action No. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. But C.L. Find legal resources and guidance to understand your business responsibilities and comply with the law. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. Notably, the agency alleged that several of the purchases were . The HSR Act requires companies and individuals to report stock purchases over a certain threshold to the FTC and DOJ and wait before closing the transaction so that the federal agencies can investigate the potential competitive impact of the acquisition. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Phone: 1-800-468-9716. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. 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. 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. Please enable JavaScript on your browser and try again. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Sadly they dont care about the long term drivers anymore. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. 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. Gloria Werner's hard work a big part of trucking company's success. He was born in 1937 in Nebraska, USA. 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. Clarence L Werner Biography Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. googletag.cmd.push(function() { Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. C.L. 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. He is expected to be named chairman emeritus once his term is over. The largest trade he's ever made was selling 14,130,523 units of Werner Enterprises stock on 8 June 2020 worth over $579,351,443. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. 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. Diversity contributes to innovation and connects us to the many communities we serve. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. 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. 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. C.L. 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. She worked. Clarence L. Werner serves as Chairman of the Board of the Company. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. The statue, funded by Buffett, is the first of Gibson in his hometown and . Expedited (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. Temperature-Controlled OMAHA, Neb. Credit Application Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Create your Watchlist to save your favorite quotes on Nasdaq.com. I have talked for years about how we were founded by a driver, we are led by a driver and we try to lead with the driver in mind. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. 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 . It was also very important to him that Werner made that transition while he was still able to help guide that transition.. 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. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Opportunities The .gov means its official. Do Not Sell My Personal Information (CA Residents Only). Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 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. She worked there until she retired from the business in 1984. is one of the five largest truck carriers in . Werner's founder, Clarence L. Werner, has stepped down, opening the door for current CEO Derek Leathers to fully take the reins. 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There is no future nor money in transportation! But the Werner family showed an indomitable spirit and battled the crises. 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. Dont miss the hottest freight event of the summer! Login, Drive Blue Complete the form below and well get in touch. Logistics 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 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. Hes very philanthropic, Leathers said. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Civil Action No. 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. The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. Franchisee Conversations with Chair Khan, Certificate Of Compliance with Provisions of The Antitrust Procedures and Penalties Act, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with HSR Premerger Requirements, FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws. he and his log dept deviced the evil scheme that has been getting worse ever since. 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. Search the Legal Library instead. View the full 2020 CSR report here. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. 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. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. 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. googletag.pubads().collapseEmptyDivs(); 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.
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clarence l werner