An official website of the United States government. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Sadly they dont care about the long term drivers anymore. googletag.enableServices(); C.L. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Excellence resale value for driver-preferred well-maintained trucks. Logistics He has been a Company director since that time and also served as President until 1984. We take great pride in our transparency. Investors 13) will pay a $486,900 . Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. 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. Credit Application He was born in 1937 in Nebraska, USA. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. They married and settled in Council Bluffs, where they founded Werner Enterprises. Benefits of latest machine technology to improve fuel efficiency. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. One-Way Truckload 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. Gloria Werner died Tuesday after a 17-month battle with lung cancer. 100% Free Registration . 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). He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. Gloria Werner's hard work a big part of trucking company's success 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. Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that . Werner Enterprises Founder Steps Down, Common Stock Offering Proposed Need to talk to an agent? He has been a Company director since that time and also served as President until 1984. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Same goes for the rest of the mega-$lavery companies. 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 . Werner Enterprises Transportation and Logistics Leader Create your Watchlist to save your favorite quotes on Nasdaq.com. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. Shareowner Services 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 . Civil Action No. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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. Werner Enterprises, Inc.'s common stock trades on the NASDAQ Global Select MarketSM under the symbol 'WERN'. (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. Werners retirement, but also beyond the tenures of the current management team, himself included. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. Werner Enterprises Founder Retires From Role as Executive Chairman Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. www.fleetowner.com is using a security service for protection against online attacks. Civil Action No. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. googletag.pubads().collapseEmptyDivs(); 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. Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. 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 . Provide better on-time service to customers and less downtime. 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. 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. 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. Gloria Werner died Tuesday after a 17-month battle with lung cancer. Beginning of a New Chapter as Werner Founder CL Werner Transitions 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. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Do Not Sell My Personal Information (CA Residents Only). You can cancel at any time. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Thats likely attributable to C.L. Leathers added C.L. U.S. v. Clarence L. Werner. After submitting your request, you will receive an activation email to the requested email address. Cl Werner Foundation - Nonprofit Explorer - ProPublica 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. We work to advance government policies that protect consumers and promote competition. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. 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. Clarence L. Werner, U.S. v. | Federal Trade Commission You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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.. Leathers noted he has done a lot to give back to the community. 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. 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. Increased driver satisfaction and retention. Werner has always remained connected to its roots, Leathers said.
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