The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. 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. Right on point. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. 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. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. 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. He has been a Company director since that time and also served as President until 1984. 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. Available Loads Type a symbol or company name. 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. Civil Action No. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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. But the Werner family showed an indomitable spirit and battled the crises. Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. 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. You can help Wikipedia by expanding it. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. 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. 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. www.fleetowner.com is using a security service for protection against online attacks. But C.L. googletag.enableServices(); For those reasons, undue reliance should not be placed on any forward-looking statement. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. 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. You can see the complete history of Mr. Werner stock trades at the bottom of the page. You will be redirected once the validation is complete. U.S. v. Clarence L. Werner. Werners outlook on managing the company, Leathers said. (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. 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. Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. Want more news? At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Hes a thoughtful leader. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. This process is automatic. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. 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. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Hes always thinking way down the line, Leathers said. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. he and his log dept deviced the evil scheme that has been getting worse ever since. 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. Werner will remain as chairman through his current term, which expires in May 2021. 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. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. 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. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Global Services Details can be seen in Clarence L Werner's Latest Holdings Summary section. He is expected to be named chairman emeritus once his term is over. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. 100-2065fthayer@werner.com. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. Phone: 1-800-468-9716. 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: []}; Shareowner Services Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Site Map Careers, Dedicated Contact the writer: 402-444-1414, paige.yowell@owh.com. Civil Action No. Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. Host Seth Clevenger chats with two 3PL executives who have had firsthand experience contending with this crisis. Video resources including how-to guides and more. PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 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. 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. 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. International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that . The complaint 1 alleges that Mr. Werner first violated the reporting requirements of the HSR Act in May 2007, when he exercised options to acquire WEI stock that resulted in his combined holdings exceeding the . Notably, the agency alleged that several of the purchases were . The Federal Trade Commission (FTC) announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. (CCJ Top 250, No. Photo: Werner Enterprises Nebraska-based Werner Enterprises. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. He is the face of tiranny and evil,as far as I am concerned. Secure .gov websites use HTTPS She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. googletag.cmd.push(function() { The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. Contact us with any questions! He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. googletag.enableServices(); Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. On average, Clarence trades about 373,335 units every 132 days since 2004. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Same goes for the rest of the mega-$lavery companies. 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,. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. C.L. Complete the form below and well get in touch. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Please enable JavaScript on your browser and try again. Whether in the office or behind the wheel, join Werner today. 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. Temperature-Controlled Copy and paste multiple symbols separated by spaces. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. It didnt take long for her to get that check.. During the Great Depression years, poverty struck the family, and living conditions were tough. He was the third of seven children of his parents. www.fleetowner.com is using a security service for protection against online attacks. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. We work to advance government policies that protect consumers and promote competition. Please enable cookies on your browser and try again. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Omaha, NE 68145 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. Need to talk to an agent? In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. Learn more about your rights as a consumer and how to spot and avoid scams. 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, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. 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. 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. 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 . 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. Clarence L. Werner serves as Chairman of the Board of the Company. 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. So how are third-party logistics providers adapting to meet these challenges? Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Benefits of latest machine technology to improve fuel efficiency. Credit Application Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. At that time, the company expects he will become Chairman Emeritus. OMAHA, Neb. Leathers noted he has done a lot to give back to the community. Type a symbol or company name. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Morgan Stanley is acting as the sole underwriter of the offering. Click for more FreightWaves articles by Todd Maiden. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Thats likely attributable to C.L. View the full 2020 CSR report here. 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. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. 1975 To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
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