Werner's founder, Clarence L. Werner, has stepped down, opening the door for current CEO Derek Leathers to fully take the reins. Get the latest local business news delivered FREE to your inbox weekly. 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. 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. Become a Carrier Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. (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. After submitting your request, you will receive an activation email to the requested email address. You can help Wikipedia by expanding it. 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. Werner has always remained connected to its roots, Leathers said. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Global Services In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. . 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. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. 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 . 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. gptAdSlots.push(gptSlot); As of 10 December 2014 he still owns at least 8 units of Werner Enterprises 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. Learn more about your rights as a consumer and how to spot and avoid scams. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. It didnt take long for her to get that check.. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. When you look at that face,keep in mind that that is the face greatly responsible for the elogs crap,his drivers were driving like bandits,about to shut down by the D.O.T. On May 10, 2016, he stepped down as CEO and became Executive Chairman. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. Dont miss the hottest freight event of the summer! The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. 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. 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. 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. 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. You can cancel at any time. googletag.pubads().collapseEmptyDivs(); to better communicate our successes and to help us identify new areas of focus for further improvement. Werner founded the company in 1956 at the age of 19 with a single truck. googletag.enableServices(); Final Mile Equipment Sales, About Werner 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. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Provide better on-time service to customers and less downtime. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. Find legal resources and guidance to understand your business responsibilities and comply with the law. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Need to talk to an agent? Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. Sign up for our newsletter to keep reading. 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. View the full 2020 CSR report here. is one of the five largest truck carriers in . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 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 deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. 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. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. We work to advance government policies that protect consumers and promote competition. You can sign up for additional alert options at any time. Werner will remain as chairman through his current term, which expires in May 2021. Host Seth Clevenger chats with two 3PL executives who have had firsthand experience contending with this crisis. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. 100-2065fthayer@werner.com. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. Custom Solutions, Advantages The service requires full cookie support in order to view this website. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. Share sensitive information only on official, secure websites. 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. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. Complete the form below and well get in touch. OMAHA, Neb. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. He has been a Company director since that time and also served as President until 1984. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. Omaha, NE 68145 googletag.pubads().enableSingleRequest(); 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. Notably, the agency alleged that several of the purchases were . Temperature-Controlled Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. 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. Available Loads Clarence L Werner is the face behind Werner Enterprises. Hes very philanthropic, Leathers said. The .gov means its official. 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. Gloria Werner was always known as creative and tenacious. 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.
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