8-K 1 wern8k120208.txt WERNER ENTERPRISES, INC. 8-K 12/02/08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------- FORM 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): December 2, 2008 ----------------- WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) NEBRASKA 0-14690 47-0648386 (State or other jurisdiction of (Commission File (IRS Employer incorporation) Number) Identification No.) 14507 FRONTIER ROAD POST OFFICE BOX 45308 OMAHA, NEBRASKA 68145 (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code: (402) 895-6640 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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. (e) Compensatory Arrangements of Certain Officers. --------------------------------------------- On December 2, 2008, the Compensation Committee (the "Committee") of the Board of Directors of the registrant approved the following performance- based compensation awards, in the form of annual cash bonuses, to the registrant's principal executive officer, principal financial officer and other named executive officers:
NAME TITLE CASH BONUS ---- ----- ---------- Clarence L. Werner Chairman of the Board $350,000 Gary L. Werner Vice Chairman $230,000 Gregory L. Werner President and Chief Executive Officer $350,000 John J. Steele Executive Vice President, Treasurer $100,000 and Chief Financial Officer
The annual cash bonuses were awarded under the registrant's discretionary annual cash bonus program and will be paid on December 8, 2008. Such performance-based compensation awards are determined at the sole discretion of the Committee. 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: December 5, 2008 By: /s/ John J. Steele ----------------- ------------------------------ John J. Steele Executive Vice President, Treasurer and Chief Financial Officer Date: December 5, 2008 By: /s/ James L. Johnson ----------------- ------------------------------ James L. Johnson Senior Vice President, Controller and Corporate Secretary