WERNER ENTERPRISES, INC. (NASDAQ:WERN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02.
WERNER ENTERPRISES, INC. (NASDAQ:WERN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Compensatory Arrangements of Certain Officers
On November 28, 2016, the Compensation Committee of the Board of Directors approved a $181,000 increase to the base salary for Mr. Derek Leathers in recognition of his additional responsibilities resulting from his promotion to President and Chief Executive Officer on May 10, 2016. Effective December 9, 2016, Mr. Leathers’ base salary will be $700,000 per year.
About WERNER ENTERPRISES, INC. (NASDAQ:WERN)
Werner Enterprises, Inc. is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Company also provides logistics services through its VAS division. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. VAS comprises operating units that provide non-trucking services to its customers, including truck brokerage, freight management, the intermodal unit and Werner Global Logistics international. The Company has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. Its VAS division operates over 60 additional intermodal drayage trucks. WERNER ENTERPRISES, INC. (NASDAQ:WERN) Recent Trading Information
WERNER ENTERPRISES, INC. (NASDAQ:WERN) closed its last trading session down -0.05 at 27.70 with 1,574,063 shares trading hands.
Werner Enterprises, Inc. is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS). The Company also provides logistics services through its VAS division. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. VAS comprises operating units that provide non-trucking services to its customers, including truck brokerage, freight management, the intermodal unit and Werner Global Logistics international. The Company has a fleet of approximately 7,450 trucks, of which over 6,640 are Company-operated and over 810 are owned and operated by independent contractors. Its VAS division operates over 60 additional intermodal drayage trucks. WERNER ENTERPRISES, INC. (NASDAQ:WERN) Recent Trading Information
WERNER ENTERPRISES, INC. (NASDAQ:WERN) closed its last trading session down -0.05 at 27.70 with 1,574,063 shares trading hands.
