Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Become a Carrier Resources For those reasons, undue reliance should not be placed on any forward-looking statement. 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.. 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. 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. 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. COVID-19 has placed significant strain on many freight networks. 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. 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. 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. Logistics Box 45308 She was so dedicated to her family, Werner-Robertson said. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. If you experience any issues with this process, please contact us for further assistance. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Cross-Border She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. 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. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. A .gov website belongs to an official government organization in the United States. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. She was 79. 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. Type a symbol or company name. Credit Application Contact the writer: 402-444-1414, paige.yowell@owh.com. 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. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Whether in the office or behind the wheel, join Werner today. You must click the activation link in order to complete your subscription. 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. Find the resources you need to understand how consumer protection law impacts your business. Get the latest local business news delivered FREE to your inbox weekly. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. There are 1 older and 21 younger executives at Werner Enterprises. Clarence L. Werner serves as Chairman of the Board of the Company. C.L. Werner Enterprises was founded by Clarence L. Werner in 1956. }); googletag.cmd.push(function() { Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. He was the third of seven children of his parents. The service requires full cookie support in order to view this website. 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. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Find legal resources and guidance to understand your business responsibilities and comply with the law. CLARENCE L. WERNER . Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. gptAdSlots.push(gptSlot); Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Despite the companys growth over the years, C.L. She was 79. 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. 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. Werner Enterprises (NASDAQ: WERN) is owned by 85.74% institutional shareholders, 57.90% Werner Enterprises insiders, and 0.00% retail investors. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. Mr. Werner started his career as a truck driver at age 19 with one single truck. 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. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Do Not Sell My Personal Information (CA Residents Only). Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Right on point. COMPETITIVE IMPACT STATEMENT . They married and settled in Council Bluffs, where they founded Werner Enterprises. He has been a Company director since that time and also served as President until 1984. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. 1975 Want more news? CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. On average, Clarence trades about 373,335 units every 132 days since 2004. www.fleetowner.com is using a security service for protection against online attacks. 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. Terminals 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 . 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). Are you an organization or group who would like to request assistance from the Blue Brigade? 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. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. Werner also has a charitable side. Werner founded the company in 1956 at the age of 19 with a single truck. 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 . googletag.enableServices(); 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. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The .gov means its official. This process is automatic. Leathers added C.L. Contact 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. 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. Get up-to-the-minute news sent straight to your device. 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. OMAHA, Neb. You can sign up for additional alert options at any time. Details can be seen in Clarence L Werner's Latest Holdings Summary section. But C.L. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. Defendant. P.O. She was very interested in her local community and what was going on and how she could be a good citizen.. googletag.pubads().collapseEmptyDivs(); Brokerage Standard Terms & Conditions In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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. 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. He was. Hes always thinking way down the line, Leathers said. Provide better on-time service to customers and less downtime. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. MarketScreener: Created by Investors for Investors! 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. C.L. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. 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. Apply 2023, Nasdaq, Inc. All Rights Reserved. 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. Gloria Werner died Tuesday after a 17-month battle with lung cancer. 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. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. Site Map U.S. v. Clarence L. Werner. Equipment Sales, About Werner 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. 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 . It was also very important to him that Werner made that transition while he was still able to help guide that transition.. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Diversity contributes to innovation and connects us to the many communities we serve. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Secure .gov websites use HTTPS Civil Action No. Please enable JavaScript on your browser and try again. St. Paul, MN 55164-0854 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. googletag.cmd.push(function() { We work to advance government policies that protect consumers and promote competition. Werners outlook on managing the company, Leathers said. That still continues, Leathers said. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. [Stay on top of transportation news: Get TTNews in your inbox.]. An official website of the United States government. Hes continued to drive a truck at points along the way.. Werner was among the five largest truckload carriers in the United States in 2020. 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 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 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. Type a symbol or company name. 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. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Shareowner Services Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Excellence resale value for driver-preferred well-maintained trucks. 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. googletag.cmd.push(function() { 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. [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. 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. Werner has always remained connected to its roots, Leathers said. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. 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: []}; Hes built schools and churches and made major contributions to medical centers. 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. 13) will pay a $486,900 . 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. Clarence L. Werner serves as Chairman of the Board of the Company. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. In addition, the Clarence L. Werner . Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. On May 10, 2016, he stepped down as CEO and became Executive Chairman.