Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Provide better on-time service to customers and less downtime. 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. 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. Werner has also stayed focused on ensuring the companys long-term success once he steps down. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. 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. Available Loads Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Do Not Sell My Personal Information (CA Residents Only). 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 2023, Nasdaq, Inc. All Rights Reserved. P.O. Werner Enterprises Leadership: Executives and Demographics to better communicate our successes and to help us identify new areas of focus for further improvement. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Whether in the office or behind the wheel, join Werner today. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. Clarence L Werner - Bio, Net Worth & Business Detail - Trucking Monitor She worked. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. 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. Hes continued to drive a truck at points along the way.. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. 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. googletag.cmd.push(function() { 13) will pay a $486,900 . Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. www.fleetowner.com is using a security service for protection against online attacks. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Final Mile He has been a Company director since that time and also served as President until 1984. She was very interested in her local community and what was going on and how she could be a good citizen.. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. 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. Werners retirement, but also beyond the tenures of the current management team, himself included. Leathers added C.L. It was also very important to him that Werner made that transition while he was still able to help guide that transition.. 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 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. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Werner Enterprises was founded by Clarence L. Werner in 1956. 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. Clarence L. Werner serves as Chairman of the Board of the Company. Werner Announces Pricing of Offering of Common Stock by Founder Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. 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. Thats likely attributable to C.L. Share sensitive information only on official, secure websites. 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. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. 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()); 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. For those reasons, undue reliance should not be placed on any forward-looking statement. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Beginning of a New Chapter as Werner Founder CL Werner Gloria Werner's hard work a big part of trucking company's success. It didnt take long for her to get that check.. Visitation is scheduled for 5 p.m. Tuesday at St. Wenceslaus Catholic Church, 15353 Pacific St., with a vigil service at 7 p.m. A funeral Mass will be celebrated at 10:30 a.m. Wednesday at the church. 100-2065fthayer@werner.com. Please enable cookies on your browser and try again. 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 . The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. 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 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. 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. Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Sign up for our newsletter to keep reading. 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. She was 79. 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. Hes a thoughtful leader. Beginning of a New Chapter as Werner Founder CL Werner Transitions Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. 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. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Competitive Impact Statement: U.S. v. Clarence L. Werner Equipment Sales, About Werner St. Paul, MN 55164-0854 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. 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. Hes maintained his CDL, Leathers noted. 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. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. 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. Phone: 1-800-468-9716. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Werners outlook on managing the company, Leathers said. Looking for legal documents or records? Werner Enterprises Stock Ownership - WallStreetZen Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. googletag.pubads().collapseEmptyDivs(); At that time, the company expects he will become Chairman Emeritus. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. 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,. 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 C.L. Clarence Werner Net Worth (2023) | wallmine Get the latest local business news delivered FREE to your inbox weekly. Login, Drive Blue Werner will remain as chairman through his current term, which expires in May 2021. After 20 + years driving, I am about to leave the professional driving slavery. 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. These symbols will be available throughout the site during your session. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. There is no future nor money in transportation! Significant fines imposed in HSR failure to file actions - Dechert Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. 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, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. Frequently asked questions from carriers like you! 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. Resources Learn more about your rights as a consumer and how to spot and avoid scams. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. Secure .gov websites use HTTPS Increased driver satisfaction and retention. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Right on point. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. 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.
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