Credit Application As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. [Stay on top of transportation news: Get TTNews in your inbox.]. He was born in 1937 in Nebraska, USA. An official website of the United States government. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 2023, Nasdaq, Inc. All Rights Reserved. googletag.pubads().enableSingleRequest(); Werner CEO Looks Back at Founder's Legacy | Transport Topics In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. PDF DEPARTMENT OF JUSTICE Antitrust Division Columbia in United States of Brokerage Standard Terms & Conditions 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. Werner was among the five largest truckload carriers in the United States in 2020. FTC Rings in the New Year with HSR Enforcement and - Proskauer Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. Werner Enterprises Founder Retires From Role as Executive Chairman 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 . 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()); 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. Secure .gov websites use HTTPS 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. During the Great Depression years, poverty struck the family, and living conditions were tough. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. Terminals to better communicate our successes and to help us identify new areas of focus for further improvement. Our Diversity, Equity and Inclusion (DEI) Vision Statement and our Core Values all work in conjunction with our Environmental, Social and Governance (ESG) initiative. Werner Enterprises History: Founding, Timeline, and Milestones - Zippia Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Hes a thoughtful leader. United States v. Clarence L. Werner; Proposed Final Judgment and Competitive Impact Statement Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. He is the face of tiranny and evil,as far as I am concerned. 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. Hes very philanthropic, Leathers said. Werners outlook on managing the company, Leathers said. 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. googletag.enableServices(); 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 . Werners retirement, but also beyond the tenures of the current management team, himself included. 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. CL Werner steps down as executive chairman of Werner Enterprises googletag.pubads().collapseEmptyDivs(); Thats likely attributable to C.L. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Temperature-Controlled For those reasons, undue reliance should not be placed on any forward-looking statement. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Beginning of a New Chapter as Werner Founder CL Werner googletag.pubads().enableSingleRequest(); Clarence L. Werner, U.S. v. | Federal Trade Commission She was 79. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Do Not Sell My Personal Information (CA Residents Only). Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. 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. Find the resources you need to understand how consumer protection law impacts your business. Werner Enterprises Leadership: Executives and Demographics Logistics Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. 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. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Final Mile He was. 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. Leathers added C.L. Mr. Werner is the father of Gregory L. Werner. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Blog, Freight Quote Want more news? After submitting your request, you will receive an activation email to the requested email address. Please subscribe to keep reading. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. 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. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Clarence L Werner is the face behind Werner Enterprises. 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. Are you an organization or group who would like to request assistance from the Blue Brigade? 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: []}; The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. gptAdSlots.push(gptSlot); Cl Werner Foundation - Nonprofit Explorer - ProPublica That still continues, Leathers said. Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. Global Services Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Same goes for the rest of the mega-$lavery companies. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. Expedited www.fleetowner.com is using a security service for protection against online attacks. As of 10 December 2014 he still owns at least 8 units of Werner Enterprises stock. Clarence L Werner (1921-1970) - Find a Grave Memorial He was the third of seven children of his parents. CLARENCE L. WERNER . On May 10, 2016, he stepped down as CEO and became Executive Chairman. 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. For those reasons, undue reliance should not be placed on any forward-looking statement. 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. If you experience any issues with this process, please contact us for further assistance. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. }); 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. Phone: 800-228-2240 [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. Available Loads Shareowner Services Increased driver satisfaction and retention. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Photo: Werner Enterprises Nebraska-based Werner Enterprises. 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 . International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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 We take great pride in our transparency. But C.L. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). Werner Enterprises was founded by Clarence L. Werner in 1956. She was very interested in her local community and what was going on and how she could be a good citizen.. To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Right on point. You must click the activation link in order to complete your subscription. Its truly the epitome of an American success story.. His wife, Helen Mellinger Werner survives. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Clarence Werner Net Worth (2023) | wallmine Gloria Werner died Tuesday after a 17-month battle with lung cancer. St. Paul, MN 55164-0854 In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 100-2065fthayer@werner.com. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. . P.O. 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. He is expected to be named chairman emeritus once his term is over. 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. COVID-19 has placed significant strain on many freight networks. Werner Enterprises Transportation and Logistics Leader 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. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. Frequently asked questions from carriers like you! 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Cl Werner, Werner Enterprises Inc: Profile and Biography You can help Wikipedia by expanding it. [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. 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. Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Founder C.L. Werner back as chairman at Werner Enterprises Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. 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. 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. Official websites use .gov Custom Solutions, Advantages Hes always thinking way down the line, Leathers said. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. 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. 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. Clarence L. Werner - Biography - MarketScreener.com The .gov means its official. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Werner will remain as chairman through his current term, which expires in May 2021. Civil Action No. 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. Apply 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. Clarence Werner Net Worth (2023) | wallmine Contact The service requires full JavaScript support in order to view this website. In addition, the Clarence L. Werner . Gloria Werner's hard work a big part of trucking company's success By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. You can see the complete history of Mr. Werner stock trades at the bottom of the page. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. Clarence L Werner - Bio, Net Worth & Business Detail - Trucking Monitor The oldest executive at Werner Enterprises, Inc. is Clarence L. Werner, 83, who is the Founder & Chairman Emeritus. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Sign up for our newsletter to keep reading. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Clarence L. Werner Founder and Executive Chairman 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. This process is automatic. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Gloria Werner died Tuesday after a 17-month battle with lung cancer. 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. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees.
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