Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. U.S. v. Clarence L. Werner. 2023, Nasdaq, Inc. All Rights Reserved. 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 Enterprises now operates internationally and has about 13,000 employees and independent contractors. Box 64854 The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. International services are provided through Werners 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. Civil Action No. 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()); The .gov means its official. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. But it didnt take over her whole life, so she had a good balance.. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. That still continues, Leathers said. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. }); Leathers joined the company in 1999 and was tapped to lead the carrier in 2016. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. At that time, the company expects he will become Chairman Emeritus. They married and settled in Council Bluffs, where they founded Werner Enterprises. is one of the five largest truck carriers in . Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. She just really left her schedule open so she could help like that., Werner also was a voracious reader interested in current affairs and politics, her daughter said. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. An official website of the United States government. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Provide better on-time service to customers and less downtime. he and his log dept deviced the evil scheme that has been getting worse ever since. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. 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. 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. 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. C.L. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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,. 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. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. [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. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. 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 prospectus@morganstanley.com. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. Site Map Werner also has a charitable side. Photo: Werner Enterprises Nebraska-based Werner Enterprises. 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 prospectus@morganstanley.com. Box 45308 Clarence L. Werner serves as Chairman of the Board of the Company. Hes continued to drive a truck at points along the way.. 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.. Frequently asked questions from carriers like you! 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. 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. You will be redirected once the validation is complete. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Werner Enterprises, Inc., headquartered in Omaha, Nebraska, is the fourth largest trucking company in the United States. Learn more about Werner and our industry expertise through these video resources. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. His wife, Helen Mellinger Werner survives. There is no future nor money in transportation! Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. Search the Legal Library instead. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 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. The service requires full cookie support in order to view this website. 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. He is the face of tiranny and evil,as far as I am concerned. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Same goes for the rest of the mega-$lavery companies. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. He was the third of seven children of his parents. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Leathers C.L. The statue, funded by Buffett, is the first of Gibson in his hometown and . There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. 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. Final Mile To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (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. 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. 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 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. 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), To view PDF files on this website you need the free Adobe Reader. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. After 20 + years driving, I am about to leave the professional driving slavery. 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 . This process is automatic. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. You can help Wikipedia by expanding it. WERNER ENTERPRISES INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Clarence L Werner Biography Werner will remain as chairman through his current term, which expires in May 2021. 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 . Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Werner founded the company in 1956 at the age of 19 with a single truck. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. googletag.pubads().enableSingleRequest(); Credit Application 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. Werner was among the five largest truckload carriers in the United States in 2020. Video resources including how-to guides and more. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 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. Phone: 800-228-2240 Diversity contributes to innovation and connects us to the many communities we serve. 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. Temperature-Controlled 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. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Federal government websites often end in .gov or .mil. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Hes very philanthropic, Leathers said. 100% Free Registration . Are you an organization or group who would like to request assistance from the Blue Brigade? She was 79. 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 carrier has more than 7,800 tractors in service, generating nearly $2.5 billion in revenue during 2019. window.googletag = window.googletag || {cmd: []}; Complete the form below and well get in touch. Brokerage Standard Terms & Conditions 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. 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. to better communicate our successes and to help us identify new areas of focus for further improvement. 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 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 On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. 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. Cross-Border Get up-to-the-minute news sent straight to your device. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. The service requires full JavaScript support in order to view this website. 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 Based in Richmond, VA, Todd is the finance editor at FreightWaves. 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. Want more news? [Stay on top of transportation news: Get TTNews in your inbox.]. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. 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. Gloria Werner was always known as creative and tenacious. Login, Drive Blue CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. 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. Logistics 1975 But C.L. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. C.L. We work to advance government policies that protect consumers and promote competition. 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. 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. 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. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. googletag.pubads().collapseEmptyDivs(); Resources CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. 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. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. 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. So how are third-party logistics providers adapting to meet these challenges? Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. 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. 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. Advantages 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. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. MarketScreener: Created by Investors for Investors! Phone: 1-800-468-9716. 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. www.fleetowner.com is using a security service for protection against online attacks.

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