clarence l werner

As a person, when I think of him the word that comes to mind is hes humble.. 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. Werner Enterprises now operates internationally and has about 13,000 employees and independent contractors. Box 45308 Intermodal You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Civil Action No. Morgan Stanley is acting as the sole underwriter of the offering. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. An official website of the United States government. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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. Shareowner Services 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. 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 . Please enable cookies on your browser and try again. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. The statue, funded by Buffett, is the first of Gibson in his hometown and . She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. 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. 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, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Type a symbol or company name. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. 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. As the Chairman of the Board of Werner Enterprises, the total compensation of Clarence Werner at Werner Enterprises is $1,787,390. Investors 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. Right on point. gptAdSlots.push(gptSlot); 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. She worked there until she retired from the business in 1984. Both carriers and customers consistently recognize Werner for our commitment to excellence in all that we do. Higher horsepower maintains consistent productivity over various road grades. Gloria Werner was always known as creative and tenacious. OMAHA, Neb. Thats likely attributable to C.L. Get the latest local business news delivered FREE to your inbox weekly. U.S. v. Clarence L. Werner. googletag.cmd.push(function() { By 1999, Werner had expanded its operations into Mexico, reaching one billion dollars in revenue. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. General Freight Trucking, Long-Distance, Truckload, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with the Premerger Reporting and Waiting Requirements of the Hart-Scott Rodino Act, United States Explanation of Procedures Under the Antitrust Procedures and Penalties Act, Report Anticompetitive Conduct After a Natural Disaster. }); googletag.cmd.push(function() { CL WERNER FOUNDATION VALLEY, NE 68064-6603 | Tax-exempt since June 2010 EIN: 26-3839487 Classification ( NTEE ) Private Grantmaking Foundations (Philanthropy, Voluntarism and Grantmaking. Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. Our success in reducing our carbon footprint has made us an industry leader, but sustainability is just the beginning. Global Services Werner has always remained connected to its roots, Leathers said. Get up-to-the-minute news sent straight to your device. C.L. . 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. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. 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. 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. Equipment Sales, About Werner is one of the five largest truck carriers in . 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 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 Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. MarketScreener: Created by Investors for Investors! Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. Custom Solutions, Advantages 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. 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. You can help Wikipedia by expanding it. One-Way Truckload Clarence L. Werner serves as Chairman of the Board of the Company. The service requires full JavaScript support in order to view this website. 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()); Phone: 1-800-468-9716. Clarence L. Werner serves as Chairman of the Board of the Company. NO,I don t drive illegally,neither did I back when,but I saw his drivers in violation after violation and accidents. Werner will remain as chairman through his current term, which expires in May 2021. Official websites use .gov www.fleetowner.com is using a security service for protection against online attacks. Before sharing sensitive information, make sure youre on a federal government site. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. If you experience any issues with this process, please contact us for further assistance. Sign up for our newsletter to keep reading. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. 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 . I have talked for years about how we were founded by a driver, we are led by a driver and we try to lead with the driver in mind. In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. 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 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. But C.L. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The company is not selling any shares in the offering and will not receive proceeds from the sale of Werners shares. Defendant. 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()); In 2012 he was presented with the Horatio Alger Award, which recognizes business and community service efforts. 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. 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. P.O. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. You will be redirected once the validation is complete. Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. C.L. The company also announced that nearly 13 million shares of Werners common stock held in a revocable trust was registered for sale in a public offering. Werner will remain as chairman through his current term, which expires in May 2021. Strength of Werner - Strengthens Your Business Werner Terminals As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. Video resources including how-to guides and more. Create your Watchlist to save your favorite quotes on Nasdaq.com. But the Werner family showed an indomitable spirit and battled the crises. She was 79. 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. Mr. Werner is the father of Gregory L. Werner. 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. There are 1 older and 21 younger executives at Werner Enterprises. Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. googletag.cmd.push(function() { 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. The largest trade he's ever made was selling 14,130,523 units of Werner Enterprises stock on 8 June 2020 worth over $579,351,443. 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. He was the third of seven children of his parents. Advantages Photo: Werner Enterprises Nebraska-based Werner Enterprises. 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. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. 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. She and her then-husband, Clarence L. Werner, founded Werner Enterprises in 1956 with one truck. Apply Werner was among the five largest truckload carriers in the United States in 2020. Most recently he sold 14,130,523 units of WERN stock worth $579,351,443 on 8 June 2020. It didnt take long for her to get that check.. Gloria Werner's hard work a big part of trucking company's success. 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. Werner stepped down from his role as executive chairman effective May 31, but will continue as. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. 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. Leathers added C.L. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. to better communicate our successes and to help us identify new areas of focus for further improvement. On average, Clarence trades about 373,335 units every 132 days since 2004. Contact the writer: 402-444-1414, paige.yowell@owh.com. Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. Blog, Freight Quote In addition, the Clarence L. Werner . 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. 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 has also stayed focused on ensuring the companys long-term success once he steps down. The service requires full cookie support in order to view this website. Hes a thoughtful leader. Diversity contributes to innovation and connects us to the many communities we serve. Please enable JavaScript on your browser and try again. Werners unwavering commitment to excellence drives every aspect of our business, leading the company to be one step ahead in an ever-changing industry. Opportunities Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. 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. He has been a Company director since that time and also served as President until 1984. 100% Free Registration . 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. 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. A .gov website belongs to an official government organization in the United States. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. There are 2 executives at Werner Enterprises getting paid more, with DerekLeathers having the highest compensation of $3,522,010. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Submit a Public Notice for Omaha World-Herald, By Paige Yowell / World-Herald staff writer, Leslie Arnold mystery solved: Man who died in Australia was enigmatic Nebraska fugitive, McKewon: Casey Thompson's departure, Nebraska's quarterback depth and coup of landing Jeff Sims, A new megadonor family is silently changing Nebraska political races, Built in the shape of a football with a soaring roof, 'Flying Nun' house is Bellevue icon, Six-week abortion ban dies in Nebraska Legislature, Nebraska Athletics parts ways with two veteran administrators, Nebraska quarterback Casey Thompson enters transfer portal, McKewon: Wisconsin's risky reset, Nebraska NFL draft takes and a fullback to watch, Dining Notes: New barbecue restaurant opens in Bellevue, Nebraska volleyball match at Memorial Stadium sells out in three days, Shatel: Casey Thompson is taking college athletics' merry-go-round the transfer portal, Creighton's Ryan Kalkbrenner enters NBA draft, Pospisil: Three new golf course gems made ranking Nebraska's best even tougher in 2023, With Jordan Larson on hand, Italy is perfect location for Elkhorn couple's wedding, Nebraska's point guard search continues as Hunter Sallis commits to Wake Forest, First Republic Bank to Be Sold to JPMorgan, Stock Market Today: Wall Street Rises to Cap a Winning April, Powerful New Obesity Drug Poised to Upend Weight Loss Care, Analyst Breaks Down Thursday's Market as Stocks Climb Amid Strong Tech Earnings. In addition to her daughter, Werner is survived by her children Gary Werner, Greg Werner and Curt Werner; 12 grandchildren; and five great-grandchildren. Need to talk to an agent? You must click the activation link in order to complete your subscription. 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. Brokerage Standard Terms & Conditions 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. Clarence L Werner Biography As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. 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. www.fleetowner.com is using a security service for protection against online attacks. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. 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 . 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. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. Do Not Sell My Personal Information (CA Residents Only). Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. 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. Frequently asked questions from carriers like you! Werner Enterprises is a transportation and logistics leader, with more than 8,000 trucks, 24,000 trailers and nearly 13,000 employees. Learn more about Werner and our industry expertise through these video resources. Sadly they dont care about the long term drivers anymore. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. 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. The .gov means its official. Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, and Clarence L. Werner, founder of the Werner Enterprises, right, attend an event honoring Hall of Fame pitcher Bob Gibson in Papillion, Nebraska, U.S. on Thursday, April 11, 2013. The Federal Trade Commission (FTC) announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. (CCJ Top 250, No. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. 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. Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. P.O. We take great pride in our transparency. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. He is the face of tiranny and evil,as far as I am concerned. After submitting your request, you will receive an activation email to the requested email address. WERNER ENTERPRISES INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 100-2065fthayer@werner.com, Werner Investor Relations 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? Resources Old werner slogan is werner cares needs to have to lie added to it. Provide better on-time service to customers and less downtime. For those reasons, undue reliance should not be placed on any forward-looking statement. At Werner Enterprises, Inc., we promise to treat your data with respect and will not share your information with any third party. Credit Application Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Hes always thinking way down the line, Leathers said. C.L. Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. }); 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. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. 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. 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. 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. C.L. Terminals You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. So how are third-party logistics providers adapting to meet these challenges? (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.

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