clarence l werner
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. But it didnt take over her whole life, so she had a good balance.. www.fleetowner.com is using a security service for protection against online attacks. There are 1 older and 21 younger executives at Werner Enterprises. Learn more about Werner and our industry expertise through these video resources. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Morgan Stanley is acting as the sole underwriter of the offering. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 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. You can cancel at any time. googletag.cmd.push(function() { }); googletag.cmd.push(function() { 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. She was 79. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). 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. Custom Solutions, Advantages 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. After 20 + years driving, I am about to leave the professional driving slavery. St. Paul, MN 55164-0854 The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. 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. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. Photo: Werner Enterprises Nebraska-based Werner Enterprises. 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. Final Mile Werners retirement, but also beyond the tenures of the current management team, himself included. For those reasons, undue reliance should not be placed on any forward-looking statement. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. He has been a Company director since that time and also served as President until 1984. 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. Global Services In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. Mr. Werner is the father of Gregory L. Werner. 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()); 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. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Before sharing sensitive information, make sure youre on a federal government site. 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. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. Leathers C.L. 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. They married and settled in Council Bluffs, where they founded Werner Enterprises. Type a symbol or company name. googletag.cmd.push(function() { Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . As a person, when I think of him the word that comes to mind is hes humble.. Werner Leathers In connection with this transition, the company announced an underwritten public offering of 12.8 million shares of its common stock by the Clarence L. Werner Revocable Trust. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. googletag.pubads().collapseEmptyDivs(); Investors window.googletag = window.googletag || {cmd: []}; Morgan Stanley is acting as the sole underwriter of the offering. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. He was born in 1937 in Nebraska, USA. Right on point. Sadly they dont care about the long term drivers anymore. Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. . I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. Blog, Freight Quote Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. There is no future nor money in transportation! The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. 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. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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. Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Contact us with any questions! Werner also has a charitable side. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. 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. P.O. 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. 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. Werner will remain as chairman through his current term, which expires in May 2021. 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). Want more news? 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. Werner has always remained connected to its roots, Leathers said. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. 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. These symbols will be available throughout the site during your session. Box 64854 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. Opportunities He is expected to be named chairman emeritus once his term is over. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. 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]. Werners outlook on managing the company, Leathers said. The service requires full JavaScript support in order to view this website. That still continues, Leathers said. Diversity contributes to innovation and connects us to the many communities we serve. Learn more about your rights as a consumer and how to spot and avoid scams. 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 has also stayed focused on ensuring the companys long-term success once he steps down. 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. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. The statue, funded by Buffett, is the first of Gibson in his hometown and . 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 . By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. Its truly the epitome of an American success story.. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. 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. Credit Application Are you an organization or group who would like to request assistance from the Blue Brigade? 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. 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 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. Type a symbol or company name. Increased driver satisfaction and retention. 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. 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. If you experience any issues with this process, please contact us for further assistance. Complete the form below and well get in touch. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. 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. [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. Hes built schools and churches and made major contributions to medical centers. 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 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. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. to better communicate our successes and to help us identify new areas of focus for further improvement. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Phone: 800-228-2240 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. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. googletag.pubads().enableSingleRequest(); 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. Civil Action No. Hes very philanthropic, Leathers said. 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. 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 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. An official website of the United States government. 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. He was. The most recent stock trade was executed by Carmen A Tapio on 11 August 2022, trading 1,170 units of WERN stock currently worth $49,374. Thats likely attributable to C.L. He was the third of seven children of his parents. Site Map Intermodal Official websites use .gov He has been a Company director since that time and also served as President until 1984. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. His wife, Helen Mellinger Werner survives. But C.L. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. 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. Secure .gov websites use HTTPS So how are third-party logistics providers adapting to meet these challenges? Apply On May 10, 2016, he stepped down as CEO and became Executive Chairman. MarketScreener: Created by Investors for Investors! He has been a Company director since that time and also served as President until 1984. You will be redirected once the validation is complete. You must click the activation link in order to complete your subscription. Hes maintained his CDL, Leathers noted. Search the Legal Library instead. Excellence resale value for driver-preferred well-maintained trucks. 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. 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. Old werner slogan is werner cares needs to have to lie added to it. Benefits of latest machine technology to improve fuel efficiency. 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. C.L. In addition, the Clarence L. Werner . Provide better on-time service to customers and less downtime. Federal government websites often end in .gov or .mil. 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. She worked there until she retired from the business in 1984. Available Loads 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. Civil Action No. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Careers, Dedicated Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. 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. He is the face of tiranny and evil,as far as I am concerned. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. 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. Do Not Sell My Personal Information (CA Residents Only). Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. 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. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Hes always thinking way down the line, Leathers said. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. After retiring, she threw herself into the lives of her grandchildren, Werner-Robertson said, often swooping in to watch them when parents were out of town or between day cares and nannies. 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. Login, Drive Blue During the Great Depression years, poverty struck the family, and living conditions were tough. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Hes continued to drive a truck at points along the way.. U.S. v. Clarence L. Werner. 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 . would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. 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. Werners Standard Rules Tariff Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Frequently asked questions from carriers like you! Get the latest local business news delivered FREE to your inbox weekly. You have permission to edit this article. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Werner founded the company in 1956 at the age of 19 with a single truck. A .gov website belongs to an official government organization in the United States. Defendant. We work to advance government policies that protect consumers and promote competition. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. googletag.enableServices(); The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. 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.
