Global Services 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.. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Provide better on-time service to customers and less downtime. Leathers noted he has done a lot to give back to the community. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. PDF DEPARTMENT OF JUSTICE Antitrust Division Columbia in United States of 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. Clarence L Werner Biography Credit Application The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. Compensation Information for , of WERNER ENTERPRISES INC - Salary.com Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 Significant fines imposed in HSR failure to file actions - Dechert Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. Video resources including how-to guides and more. During the Great Depression years, poverty struck the family, and living conditions were tough. He is expected to be named chairman emeritus once his term is over. window.googletag = window.googletag || {cmd: []}; 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 It was also very important to him that Werner made that transition while he was still able to help guide that transition.. 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. 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. Gloria Werner's hard work a big part of trucking company's success Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. 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()); Clarence L. Werner serves as Chairman of the Board of the Company. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. FTC penalizes founder of Omaha trucking firm Werner Enterprises - WOWT Complete the form below and well get in touch. Brokerage Standard Terms & Conditions Shareowner Services Do Not Sell My Personal Information (CA Residents Only). He has been a Company director since that time and also served as President until 1984. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Need to talk to an agent? COVID-19 has placed significant strain on many freight networks. Learn more about your rights as a consumer and how to spot and avoid scams. Defendant. Werner Enterprises Stock Ownership - WallStreetZen Terminals Werner was among the five largest truckload carriers in the United States in 2020. 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. Search the Legal Library instead. 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 . 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. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. 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. googletag.enableServices(); Morgan Stanley is acting as the sole underwriter of the offering. Werner recommended to the board that Leathers be named chairman when his term ends next year. 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. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 13) will pay a $486,900 . The statue, funded by Buffett, is the first of Gibson in his hometown and . The service requires full JavaScript support in order to view this website. Hes built schools and churches and made major contributions to medical centers. They think a degree in management or logistics makes them better then the drivers and qualified to tell someone with no tickets, csa points or accidents how to drive. Morgan Stanley is acting as the sole underwriter of the offering. Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Same goes for the rest of the mega-$lavery companies. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Resources For those reasons, undue reliance should not be placed on any forward-looking statement. Contact us with any questions! Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. CL Werner steps down as executive chairman of Werner Enterprises 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 . www.fleetowner.com is using a security service for protection against online attacks. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Competitive Impact Statement: U.S. v. Clarence L. Werner CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Clarence L Werner - Bio, Net Worth & Business Detail - Trucking Monitor 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. 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. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. Whether in the office or behind the wheel, join Werner today. Login, Drive Blue International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. 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. This process is automatic. Werner Enterprises was founded by Clarence L. Werner in 1956. Increased driver satisfaction and retention. 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). Werners outlook on managing the company, Leathers said. 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. You can see the complete history of Mr. Werner stock trades at the bottom of the page. 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: []}; 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.
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