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()); Federal government websites often end in .gov or .mil. he and his log dept deviced the evil scheme that has been getting worse ever since. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. It didnt take long for her to get that check.. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. 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. FTC Fines Founder of the Truckload Carrier Werner Enterprises for 100% Free Registration . 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. Credit Application 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. 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. }); googletag.cmd.push(function() { Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. U.S. v. Clarence L. Werner. Civil Action No. 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. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. 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 will remain as chairman through his current term, which expires in May 2021. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. googletag.enableServices(); Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Box 45308 That still continues, Leathers said. 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. 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()); 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. You can help Wikipedia by expanding it. 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. 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,. 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. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. 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. 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. 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. 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. Clarence L Werner Biography As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. Beginning of a New Chapter as Werner Founder CL Werner Transitions Its truly the epitome of an American success story.. FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner He has been a Company director since that time and also served as President until 1984. 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. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 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. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Thats likely attributable to C.L. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Hes very philanthropic, Leathers said. As a person, when I think of him the word that comes to mind is hes humble.. Clarence L. Werner serves as Chairman of the Board of the Company. 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. Notably, the agency alleged that several of the purchases were . Type a symbol or company name. 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. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Copy and paste multiple symbols separated by spaces. googletag.pubads().enableSingleRequest(); Complete the form below and well get in touch. 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. 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. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. 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. Available Loads In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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. 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. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. www.fleetowner.com is using a security service for protection against online attacks. 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. 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. After 20 + years driving, I am about to leave the professional driving slavery. This process is automatic. Intermodal Expedited NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. Clarence L. Werner serves as Chairman of the Board of the Company. 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L. makes his first big truck purchase of 10 Freightliners in 1971. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Before sharing sensitive information, make sure youre on a federal government site. 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 Announces Pricing of Offering of Common Stock by Founder The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. 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. Find legal resources and guidance to understand your business responsibilities and comply with the law. 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 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. Equipment Sales, About Werner Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Werner was among the five largest truckload carriers in the United States in 2020. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. A .gov website belongs to an official government organization in the United States. E-mail: invrelations@werner.com, Equiniti Trust Company COMPETITIVE IMPACT STATEMENT . 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. 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. 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. Do Not Sell My Personal Information (CA Residents Only). }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. Clarence Werner Net Worth (2023) | wallmine 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()); 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 . U.S. v. Clarence L. Werner | ATR | Department of Justice [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. C.L. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . 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. 100-2065fthayer@werner.com. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Werner Enterprises Founder Retires From Role as Executive Chairman He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. 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. Official websites use .gov An official website of the United States government. 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. Clarence L. Werner - Biography - MarketScreener.com googletag.enableServices(); Competitive Impact Statement: U.S. v. Clarence L. Werner Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Same goes for the rest of the mega-$lavery companies. window.googletag = window.googletag || {cmd: []}; 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. Beginning of a New Chapter as Werner Founder CL Werner Transitions 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 . www.fleetowner.com is using a security service for protection against online attacks. Terminals Werner stepped down from his role as executive chairman effective May 31, but will continue as. 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. But the Werner family showed an indomitable spirit and battled the crises. OMAHA, Neb. 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. CL Werner steps down as executive chairman of Werner Enterprises Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Werners Standard Rules Tariff He has been a Company director since that time and also served as President until 1984. 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 His wife, Helen Mellinger Werner survives. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Morgan Stanley is acting as the sole underwriter of the offering. Gloria Werner's hard work a big part of trucking company's success 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. googletag.pubads().enableSingleRequest(); (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Excellence resale value for driver-preferred well-maintained trucks. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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. Temperature-Controlled Whether in the office or behind the wheel, join Werner today. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. We take great pride in our transparency. 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. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us.
