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She was 79. Hes built schools and churches and made major contributions to medical centers. Custom Solutions, Advantages The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. 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. Find legal resources and guidance to understand your business responsibilities and comply with the law. Werners outlook on managing the company, Leathers said. 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. 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. Civil Action No. She was 79. 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 . There are 1 older and 21 younger executives at Werner Enterprises. 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()); Defendant. 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. 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. This United States transportation corporation or company article is a stub. An official website of the United States government. 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. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. 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. 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. The service requires full cookie support in order to view this website. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Morgan Stanley is acting as the sole underwriter of the offering. Werner stepped down from his role as executive chairman effective May 31, but will continue as. Civil Action No. 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 [email protected]. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. These symbols will be available throughout the site during your session. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. For those reasons, undue reliance should not be placed on any forward-looking statement. We work to advance government policies that protect consumers and promote competition. Werner will remain as chairman through his current term, which expires in May 2021. Contact us with any questions! She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. 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, 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. 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. to better communicate our successes and to help us identify new areas of focus for further improvement. Get the latest local business news delivered FREE to your inbox weekly. 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. So how are third-party logistics providers adapting to meet these challenges? He was born in 1937 in Nebraska, USA. 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 ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Gloria Werner's hard work a big part of trucking company's success. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. 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. Werner recommended to the board that Leathers be named chairman when his term ends next year. 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. Clarence L Werner Biography The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. You must click the activation link in order to complete your subscription. 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 offers a modern, premium fleet and a comprehensive preventative maintenance program, resulting in clean, professional-looking equipment, maximum cargo capacity and minimal equipment downtime. Werner has also stayed focused on ensuring the companys long-term success once he steps down. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . Search the Legal Library instead. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Click for more FreightWaves articles by Todd Maiden. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Werner will remain as chairman through his current term, which expires in May 2021. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Do Not Sell My Personal Information (CA Residents Only). The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. Increased driver satisfaction and retention. he and his log dept deviced the evil scheme that has been getting worse ever since. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Secure .gov websites use HTTPS 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. 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. 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()); During the Great Depression years, poverty struck the family, and living conditions were tough. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. After 20 + years driving, I am about to leave the professional driving slavery. Logistics Looking for legal documents or records? Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. General Freight Trucking, Long-Distance, Truckload, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act, United States Explanation of Procedures Under the Antitrust Procedures and Penalties Act, Report Anticompetitive Conduct After a Natural Disaster. 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. 2023, Nasdaq, Inc. All Rights Reserved. Share sensitive information only on official, secure websites. 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. C.L. Find the resources you need to understand how consumer protection law impacts your business. Copy and paste multiple symbols separated by spaces. Phone: 1-800-468-9716. 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 maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. We take great pride in our transparency. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. 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. Dont miss the hottest freight event of the summer! Please enable JavaScript on your browser and try again. For those reasons, undue reliance should not be placed on any forward-looking statement. Hes a thoughtful leader. You can help Wikipedia by expanding it. The .gov means its official. You can see the complete history of Mr. Werner stock trades at the bottom of the page. [Stay on top of transportation news: Get TTNews in your inbox.]. Before sharing sensitive information, make sure youre on a federal government site. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 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 is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Get up-to-the-minute news sent straight to your device. Resources www.fleetowner.com is using a security service for protection against online attacks. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. (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. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. You can sign up for additional alert options at any time. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Event Type* Event Type*RecurringOne-Time, Pre-Qualify Now CDL Training Experienced Truck Drivers Available Truck Driver Jobs Veterans Owner Operators Opportunities Login, Dedicated One-Way Truckload Expedited Intermodal Temperature-Controlled Cross-Border Logistics Management Final Mile Freight Management & Custom Solutions, About Werner Investors Terminals Contact Logistics Blog Truck Driver Blog Werner EDGE Blog Podcasts Werner Store, Freight Quote Available Loads Become a Carrier Credit Application Werners Standard Rules Tariff Brokerage Standard Terms & Conditions Site Map Terms and Conditions Privacy Policy. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Need to talk to an agent? Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. googletag.enableServices(); 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. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Old werner slogan is werner cares needs to have to lie added to it. Available Loads Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Despite the companys growth over the years, C.L. At that time, the company expects he will become Chairman Emeritus. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. As a person, when I think of him the word that comes to mind is hes humble.. Leathers added C.L. Morgan Stanley is acting as the sole underwriter of the offering. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. CLARENCE L. WERNER . Equipment Sales, About Werner 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. Same goes for the rest of the mega-$lavery companies. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. gptAdSlots.push(gptSlot); 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. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. 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. 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. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. googletag.cmd.push(function() { Leathers noted he has done a lot to give back to the community. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. 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.. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Mr. Werner is the father of Gregory L. Werner. Final Mile 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. 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. Clarence L Werner is the face behind Werner Enterprises. 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. There is no future nor money in transportation! Sadly they dont care about the long term drivers anymore. But it didnt take over her whole life, so she had a good balance.. Based in Richmond, VA, Todd is the finance editor at FreightWaves. 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. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. Opportunities googletag.pubads().enableSingleRequest(); Become a Carrier 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. [email protected]. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. 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 [email protected]. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. 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. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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 would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. Thats likely attributable to C.L. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Shareowner Services 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.