PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. Omaha, NE 68145 . In addition, the Clarence L. Werner . Provide better on-time service to customers and less downtime. He has been a Company director since that time and also served as President until 1984. 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. 100-2065fthayer@werner.com, Werner Investor Relations Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. googletag.enableServices(); 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 . 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. Diversity contributes to innovation and connects us to the many communities we serve. He has been a Company director since that time and also served as President until 1984. googletag.pubads().collapseEmptyDivs(); You have permission to edit this article. P.O. 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. You can help Wikipedia by expanding it. Type a symbol or company name. Learn more about your rights as a consumer and how to spot and avoid scams. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. 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. Logistics Civil Action No. Sign up for our newsletter to keep reading. Today, over 65 years since CLs journey began, Werner Enterprises, Inc. is an asset-based logistics provider and one of the five largest truckload carriers in the United States. Available Loads Gloria Werner died Tuesday after a 17-month battle with lung cancer. 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 Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. Werner founded the company in 1956 at the age of 19 with a single truck. Current CEO and President Derek Leathers has been appointed to the board as a member and vice chairman. Werner assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. 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. Box 45308 Find legal resources and guidance to understand your business responsibilities and comply with the law. CL Werner started hauling cargo for other companies, building the company one truck at a time, hauling in regional areas. An official website of the United States government. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Werner Enterprises was founded by Clarence L. Werner in 1956. Its truly the epitome of an American success story.. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. Werner also has a charitable side. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. There are 1 older and 21 younger executives at Werner Enterprises. OMAHA, Neb. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Sadly they dont care about the long term drivers anymore. Official websites use .gov Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. 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. 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. I kind of like to think of her as one of the first real working women executives, Werner-Robertson said. Blog, Freight Quote International services are provided through Werners domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. 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. 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. So how are third-party logistics providers adapting to meet these challenges? 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()); She just really left her schedule open so she could help like that., Werner also was a voracious reader interested in current affairs and politics, her daughter said. Hes continued to drive a truck at points along the way.. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. Today, the Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino (HSR) Act. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents Werner Enterprises, Inc. has filed with the SEC for more complete information about Werner Enterprises, Inc. and the offering. Founded by Clarence L. Werner in 1956, it is a publicly traded company led by the Werner family, which retains 40 percent ownership. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings. Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Same goes for the rest of the mega-$lavery companies. googletag.pubads().enableSingleRequest(); Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. Phone: 800-228-2240 Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Please subscribe to keep reading. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. 1975 U.S. v. Clarence L. Werner. 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 Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. Werner will remain as chairman through his current term, which expires in May 2021. Werner stepped down from his role as executive chairman effective May 31, but will continue as. There is no future nor money in transportation! Hes a thoughtful leader. If you experience any issues with this process, please contact us for further assistance. He is the face of tiranny and evil,as far as I am concerned. Based in Richmond, VA, Todd is the finance editor at FreightWaves. Become a Carrier Morgan Stanley is acting as the sole underwriter of the offering. 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. Dont miss the hottest freight event of the summer! 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. Find the resources you need to understand how consumer protection law impacts your business. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. That still continues, Leathers said. Global Services 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. Are you an organization or group who would like to request assistance from the Blue Brigade? googletag.pubads().collapseEmptyDivs(); Advantages Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico and China. 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, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. You can sign up for additional alert options at any time. 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. googletag.enableServices(); Whether in the office or behind the wheel, join Werner today. COMPETITIVE IMPACT STATEMENT . }); 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. 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. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Before sharing sensitive information, make sure youre on a federal government site. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. 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.
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