Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
WERN > SEC Filings for WERN > Form 8-K on 14-Feb-2014All Recent SEC Filings

Show all filings for WERNER ENTERPRISES INC

Form 8-K for WERNER ENTERPRISES INC


14-Feb-2014

Change in Directors or Principal Officers, Financial Statements and Exhibi


ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.

On February 10, 2014, the Compensation Committee (the "Committee") of the Board of Directors of Werner Enterprises, Inc. (the "Company") awarded performance-based restricted stock units ("Performance Stock") under the Company's Amended and Restated Equity Plan, as amended and restated on May 14, 2013 (the "Plan"), to those certain Named Executive Officers of the Company as provided in the table below.

The Performance Stock is earned based upon the level of attainment by the Company of specified performance objectives related to earnings per share for the fiscal year ending December 31, 2014, as established by the Committee. The number of shares which are ultimately earned will range from 0 percent to 133 percent of the target amount stated in each executive's award agreement based on the level of attainment of the performance objectives. The Performance Stock earned will vest, subject to continued employment, in five annual increments of 20% each beginning February 10, 2015 (one year after the grant date). The awards will become fully vested on February 10, 2019.
The Performance Stock awards were granted for the following number of target shares to the following Named Executive Officers:

                                                                         Target
Named Executive Officer                                                Shares (#)
Gary L. Werner, Chairman                                                  45,000
Gregory L. Werner, Vice Chairman and Chief Executive Officer              45,000
Derek J. Leathers, President and Chief Operating Officer                  45,000
John J. Steele, Executive Vice President, Treasurer and Chief
Financial Officer                                                          9,000
James A. Mullen, Executive Vice President and General Counsel              9,000

The foregoing description of the Performance Stock awards is not a complete description of all the rights and obligations and is qualified in its entirety by reference to the Plan filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, which is incorporated by reference herein, and the Form of Performance-Based Restricted Stock Award Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

10.1 Form of Performance-Based Restricted Stock Award Agreement


  Add WERN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for WERN - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.