The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Blog, Freight Quote googletag.pubads().enableSingleRequest(); Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Clarence L Werner Biography Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Werner will remain as chairman through his current term, which expires in May 2021. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. Mr. Werner is the father of Gregory L. Werner. www.fleetowner.com is using a security service for protection against online attacks. 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,. 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. 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. 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. Please subscribe to keep reading. 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. She worked there until she retired from the business in 1984. Learn more about Werner and our industry expertise through these video resources. Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Civil Action No. 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. Defendant. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. You can sign up for additional alert options at any time. 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. Intermodal Temperature-Controlled Hes maintained his CDL, Leathers noted. Right on point. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 100-2065fthayer@werner.com, Werner Investor Relations 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. MarketScreener: Created by Investors for Investors! [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. 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. Secure .gov websites use HTTPS 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()); (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Werner's founder, Clarence L. Werner, has stepped down, opening the door for current CEO Derek Leathers to fully take the reins. 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,. When you look at that face,keep in mind that that is the face greatly responsible for the elogs crap,his drivers were driving like bandits,about to shut down by the D.O.T. Omaha, NE 68145 But C.L. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Despite the companys growth over the years, C.L. Hes built schools and churches and made major contributions to medical centers. 1975 St. Paul, MN 55164-0854 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. Increased driver satisfaction and retention. 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. Sadly they dont care about the long term drivers anymore. She was 79. Resources She packed the boys up with some unfolded laundry and sat in a customers lobby until she could see somebody about getting her check, her daughter Gail Werner-Robertson recalled. 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. E-mail: invrelations@werner.com, Equiniti Trust Company International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Benefits of latest machine technology to improve fuel efficiency. Contact the writer: 402-444-1414, paige.yowell@owh.com. 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. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Mr. Werner started his career as a truck driver at age 19 with one single truck. Complete the form below and well get in touch. 1964 In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. An official website of the United States government. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Investors COVID-19 has placed significant strain on many freight networks. There are 1 older and 21 younger executives at Werner Enterprises. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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. 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. For those reasons, undue reliance should not be placed on any forward-looking statement. 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. Gloria Werner died Tuesday after a 17-month battle with lung cancer. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. 13) will pay a $486,900 . CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Leathers added C.L. In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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. googletag.cmd.push(function() { It didnt take long for her to get that check.. . For those reasons, undue reliance should not be placed on any forward-looking statement. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 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 . To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. Phone: 800-228-2240 The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. 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 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. This process is automatic. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. The site is secure. 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. The .gov means its official. Gloria Werner's hard work a big part of trucking company's success. P.O. That still continues, Leathers said. }); googletag.cmd.push(function() { One-Way Truckload The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Opportunities 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. Federal government websites often end in .gov or .mil. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Apply On average, Clarence trades about 373,335 units every 132 days since 2004. Higher horsepower maintains consistent productivity over various road grades. 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. Details can be seen in Clarence L Werner's Latest Holdings Summary section. 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. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861.
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