clarence l werner

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. Gloria Werner was always known as creative and tenacious. Hes built schools and churches and made major contributions to medical centers. 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. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. These symbols will be available throughout the site during your session. PDF DEPARTMENT OF JUSTICE Antitrust Division Columbia in United States of Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. 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. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. But C.L. Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . www.fleetowner.com is using a security service for protection against online attacks. Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. Clarence L. Werner - Biography - MarketScreener.com Gloria Werner's hard work a big part of trucking company's success. 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. 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. Brokerage Standard Terms & Conditions Based in Richmond, VA, Todd is the finance editor at FreightWaves. }); 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. Werners outlook on managing the company, Leathers said. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. 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. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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. You can see the complete history of Mr. Werner stock trades at the bottom of the page. Create your Watchlist to save your favorite quotes on Nasdaq.com. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. Clarence L Werner Net Worth (2023) - GuruFocus.com Secure .gov websites use HTTPS 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. 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. 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. Box 64854 Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Custom Solutions, Advantages 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. Significant fines imposed in HSR failure to file actions - Dechert Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. 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. 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. 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 Sadly they dont care about the long term drivers anymore. 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. C.L. Sign up for our newsletter to keep reading. A .gov website belongs to an official government organization in the United States. Morgan Stanley is acting as the sole underwriter of the offering. www.fleetowner.com is using a security service for protection against online attacks. Cross-Border Expedited 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 Learn more about Werner and our industry expertise through these video resources. Leathers noted he has done a lot to give back to the community. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. After 20 + years driving, I am about to leave the professional driving slavery. googletag.enableServices(); COVID-19 has placed significant strain on many freight networks. 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. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. She was 79. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. Hes a thoughtful leader. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. C.L. 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. Please enable cookies on your browser and try again. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. The Blue Brigade works with numerous organizations throughout the country each year, donating their personal time to help those in need. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. The legacy hes built is founded on integrity, doing things the right way, putting the customer at the forefront of what we do and always having respect for the role and importance of the professional drivers.. In 1977 the company moved to Omaha, where Gloria Werner lived out the rest of her life. Werner was among the five largest truckload carriers in the United States in 2020. 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. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. Werner also has a charitable side. Werner Enterprises History: Founding, Timeline, and Milestones - Zippia googletag.pubads().collapseEmptyDivs(); (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. He was born in 1937 in Nebraska, USA. She was very interested in her local community and what was going on and how she could be a good citizen.. 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]. Credit Application Search the Legal Library instead. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. 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 Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. 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. 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. Werners retirement, but also beyond the tenures of the current management team, himself included. Warren Buffett, chairman and chief executive officer of Berkshire 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. googletag.cmd.push(function() { United States v. Clarence L. Werner; Proposed Final Judgment and By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue.

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