Omaha, NE 68145 Leathers noted he has done a lot to give back to the community. Competitive Impact Statement: U.S. v. Clarence L. Werner Find the resources you need to understand how consumer protection law impacts your business. Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. 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. Photo: Werner Enterprises Nebraska-based Werner Enterprises. 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. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The service requires full cookie support in order to view this website. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 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. 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. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. 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()); Resources The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Hes very philanthropic, Leathers said. 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. 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. Werner will remain as chairman through his current term, which expires in May 2021. U.S. v. Clarence L. Werner | ATR | Department of Justice Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, and Clarence L. Werner, founder of the Werner Enterprises, right, attend an event honoring Hall of Fame pitcher Bob Gibson in Papillion, Nebraska, U.S. on Thursday, April 11, 2013. Gloria Werner died Tuesday after a 17-month battle with lung cancer. 13) will pay a $486,900 . She worked there until she retired from the business in 1984. 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. Werner Announces Pricing of Offering of Common Stock by Founder 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 The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Please subscribe to keep reading. 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. 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. This United States transportation corporation or company article is a stub. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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. If you experience any issues with this process, please contact us for further assistance. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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 . So how are third-party logistics providers adapting to meet these challenges? Create your Watchlist to save your favorite quotes on Nasdaq.com. She was very interested in her local community and what was going on and how she could be a good citizen.. 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 INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 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. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Civil Action No. 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. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. googletag.pubads().enableSingleRequest(); Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 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. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. 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. Want more news? C.L. 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,. For those reasons, undue reliance should not be placed on any forward-looking statement. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. 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. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Werner also has a charitable side. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Secure .gov websites use HTTPS Copy and paste multiple symbols separated by spaces. Morgan Stanley is acting as the sole underwriter of the offering. Clarence L Werner (1921-1970) - Find a Grave Memorial She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. 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. Find legal resources and guidance to understand your business responsibilities and comply with the law. 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. Werner CEO Looks Back at Founder's Legacy | Transport Topics Box 64854 Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. She was 79. googletag.enableServices(); Global Services Need to talk to an agent? A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Old werner slogan is werner cares needs to have to lie added to it. United States v. Clarence L. Werner; Proposed Final Judgment and When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Are you an organization or group who would like to request assistance from the Blue Brigade? After 20 + years driving, I am about to leave the professional driving slavery. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Clarence L. Werner Chairman-Emeritus J Jack A. Holmes Board Member K Kenneth M. Bird Board Member Alexi A. Wellman Board Member C Carmen A. Tapio Board Member S Scott C. Arves Board Member V Vikram Mansharamani Board Member D Diane K. Duren Board Member G Gerald H. Timmerman Board Member Show more Werner Enterprises Leadership Demographics 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. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Clarence Werner Net Worth (2023) | wallmine