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Werner Enterprises Inc – ‘8-K’ for 6/3/20

On:  Monday, 6/8/20, at 4:08pm ET   ·   For:  6/3/20   ·   Accession #:  1193125-20-163464   ·   File #:  0-14690

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/08/20  Werner Enterprises Inc            8-K:8,9     6/03/20   12:361K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     33K 
 2: EX-1.1      Underwriting Agreement                              HTML    155K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     12K 
 8: R1          Document and Entity Information                     HTML     49K 
11: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- d936716d8k_htm                      XML     14K 
12: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.LAB  XBRL Labels -- wern-20200603_lab                     XML     55K 
 6: EX-101.PRE  XBRL Presentations -- wern-20200603_pre              XML     35K 
 4: EX-101.SCH  XBRL Schema -- wern-20200603                         XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    19K 
10: ZIP         XBRL Zipped Folder -- 0001193125-20-163464-xbrl      Zip     39K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 iX: 
  8-K  
 i WERNER ENTERPRISES INC  i false  i 0000793074 0000793074 2020-06-03 2020-06-03

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

 i June 3, 2020

 

WERNER ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

 

 i Nebraska

 

 i 0-14690

 

 i 47-0648386

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 i 14507 Frontier Road

 

 i Post Office Box 45308

 

 i Omaha,  i Nebraska

 

 i 68145-0308

(Address of principal executive offices)

 

(Zip Code)

 i (402)  i 895-6640

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR40.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

 i Common Stock, $0.01 Par Value

 

 i WERN

 

 i The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 


Item 8.01 Other Events.

On June 3, 2020, Werner Enterprises, Inc. (the “Company”) entered into an underwriting agreement (the Underwriting Agreement) with the Clarence L. Werner Revocable Trust (the “Selling Shareholder”) and Morgan Stanley & Co. LLC, as representative of the several underwriters named therein (the “Underwriters”), in connection with the offer and sale by the Selling Shareholder of 12,845,930 shares (the “Firm Shares”) of the Company’s common stock, par value $0.01 per share, at a price of $41.00 per share in an underwritten public offering. Pursuant to the terms of the Underwriting Agreement, the Selling Shareholder granted the Underwriters a 30-day option to purchase up to an additional 1,284,593 shares (the “Option Shares” and, together with the Firm Shares, the “Shares”) of common stock on the same terms and conditions. On June 4, 2020, the Underwriters exercised their option to purchase the Option Shares in full. The sale of the Shares pursuant to the Underwriting Agreement was completed on June 8, 2020. The Company did not receive any proceeds from the sale of the Shares by the Selling Shareholder.

The Underwriting Agreement contains representations and warranties and covenants that are customary for transactions of this type. In addition, each of the Company and the Selling Shareholder has agreed to indemnify the other and the Underwriters against certain liabilities on customary terms. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.

The offer and sale of the Shares was made pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-238879), including the Prospectus contained therein dated June 2, 2020, and a related Prospectus Supplement dated June 3, 2020, each of which is on file with the Securities and Exchange Commission. A copy of the opinion of Baird Holm LLP relating to the legality of the Shares is attached as Exhibit 5.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

    No.    

   

Exhibit

         
 

  1.1

   

Underwriting Agreement, dated June 3, 2020, among the Company, the Selling Shareholder and Morgan Stanley & Co. LLC, as representative of the several underwriters named therein

         
 

  5.1

   

Opinion of Baird Holm LLP regarding the legality of the Shares

         
 

23.1

   

Consent of Baird Holm LLP (included in Exhibit 5.1)

         
 

104

   

Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

WERNER ENTERPRISES, INC.

             

Date: June 8, 2020

 

 

By:

 

/s/ John J. Steele

 

 

 

John J. Steele

 

 

 

Executive Vice President, Treasurer and Chief Financial Officer

             

Date: June 8, 2020

 

 

By:

 

/s/ James L. Johnson

 

 

 

James L. Johnson

 

 

 

Executive Vice President, Chief Accounting Officer and Corporate Secretary


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:6/8/204
6/4/20424B3
For Period end:6/3/20
6/2/204,  424B5,  8-K,  FWP,  S-3ASR
 List all Filings 
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Filing Submission 0001193125-20-163464   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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