secwatch.observer — SEC 8-K summary
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Issuer:     WERNER ENTERPRISES INC (WERN)
CIK:        0000793074
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0000793074-22-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Timmerman retires; Werner sets CEO base salary $875k, RS 37,327, PS 37,746
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- Director Gerald H. Timmerman retired effective Feb 9, 2022; board size decreased from nine to eight.
- CEO Derek Leathers base salary $875k; awarded 37,327 restricted stock and 37,746 performance stock at target.
- Other NEOs: Nordlund ($410k), Steele ($340k), Schelble ($400k), Johnson ($450k) each received 4,083 RS and 4,128 PS.
- 2022 AIP bonus targets 60%-115% of base salary; based on operating income, revenue ex-fuel, and individual performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000008/0000793074-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793074/000079307422000008/wern-20220207.htm
  HTML page:      https://secwatch.observer/filing/0000793074-22-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer