2023, Nasdaq, Inc. All Rights Reserved. Defendant. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 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.. FTC Fines Founder of the Truckload Carrier Werner Enterprises for Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Learn more about your rights as a consumer and how to spot and avoid scams. Equipment Sales, About Werner
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. An official website of the United States government. 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. Clarence L Werner (1921-1970) - Find a Grave Memorial 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. During the Great Depression years, poverty struck the family, and living conditions were tough. U.S. v. Clarence L. Werner. Frequently asked questions from carriers like you! Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. Clarence L Werner is the face behind Werner Enterprises. 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. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Werners Standard Rules Tariff
Werner recommended to the board that Leathers be named chairman when his term ends next year. COVID-19 has placed significant strain on many freight networks. Werner Enterprises History: Founding, Timeline, and Milestones - Zippia 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. 100% Free Registration . Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Werner also has a charitable side. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Based in Richmond, VA, Todd is the finance editor at FreightWaves.
Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Global Services
When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Please enable JavaScript on your browser and try again. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 OMAHA, Neb. Listen to today's daily briefing: Subscribe: Apple Podcasts | Spotify | Amazon Alexa | Google Assistant | More, 80 M Street SE, Suite 800, Washington, D.C., 20003, Werner Acquires Truckload Carrier Baylor Trucking, Werner Partners With Aurora to Haul Freight Autonomously in Texas, FedEx Freight Plans Closure of 29 Locations | Transport Topics, California OKs Advanced Clean Fleets Regulation | Transport Topics, 3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say | Transport Topics, Toyota Class 8 Hydrogen Powertrain Approved in California | Transport Topics, 2023 Top 100 Logistics List Highlights Growth for 3PLs | Transport Topics, 2023 Transport Topics | All Rights Reserved. Beginning of a New Chapter as Werner Founder CL Werner Transitions 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. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Want more news? Please subscribe to keep reading. 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. Right on point. She was 79. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. 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. Available Loads
He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Its truly the epitome of an American success story.. 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()); A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Hes maintained his CDL, Leathers noted. Despite the companys growth over the years, C.L. Blog, Freight Quote
Photo: Werner Enterprises Nebraska-based Werner Enterprises. This process is automatic. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. 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. The site is secure. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. Please enable cookies on your browser and try again. Box 45308
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. Werner Enterprises Transportation and Logistics Leader Werner Enterprises - Wikipedia To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. 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. The press release said that Morgan Stanley is acting as the sole underwriter in the transaction. googletag.pubads().enableSingleRequest(); He was born in 1937 in Nebraska, USA. Gloria Werner was always known as creative and tenacious. They got a building full of number counters who think long time career drivers are too much of a expense when they can take no experienced steering wheel holders and replace them. 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 Clarence L. Werner serves as Chairman of the Board of the Company. Notably, the agency alleged that several of the purchases were . Expedited
[1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. As our founder, Mr. Werner has been actively involved in the Companys business and operations since its inception over 60 years ago. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Before sharing sensitive information, make sure youre on a federal government site. FTC penalizes founder of Omaha trucking firm Werner Enterprises - WOWT We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Hes a thoughtful leader. 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. Hes always thinking way down the line, Leathers said. Host Seth Clevenger chats with two 3PL executives who have had firsthand experience contending with this crisis. As a result of these professional experiences, Mr. Werner brings to the Board a unique understanding of our business and operations attributed to his long-standing commitment to, management of and involvement with the Company for over 60 years, as well as his significant and extensive knowledge of the transportation industry. But it didnt take over her whole life, so she had a good balance.. Clarence Werner Net Worth (2023) | wallmine You must click the activation link in order to complete your subscription. 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. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. He is the face of tiranny and evil,as far as I am concerned. United States v. Clarence L. Werner; Proposed Final Judgment and Founder of Werner Enterprises to Pay Civil Penalty for Violating Old werner slogan is werner cares needs to have to lie added to it. gptAdSlots.push(gptSlot); Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. 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. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. 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 . 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. 13) will pay a $486,900 . Clarence L Werner Net Worth (2023) - GuruFocus.com Clarence L Werner - Bio, Net Worth & Business Detail - Trucking Monitor Clarence L. Werner serves as Chairman of the Board of the Company. 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()); Gloria Werner died Tuesday after a 17-month battle with lung cancer. MarketScreener: Created by Investors for Investors! Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. 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. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. 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: []}; 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. In addition, the Clarence L. Werner . Cross-Border
Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016.
Competitive Impact Statement: U.S. v. Clarence L. Werner He has been a Company director since that time and also served as President until 1984. 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. Advantages
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