-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TA8kqaa8GCGrqefj8nTglfztQyUx+QKblTbQcalJhtufxvta+ZBU4VaLF6GzMGX/ MxQes5BCT2KODWS38q6aiQ== 0000793074-97-000006.txt : 19970425 0000793074-97-000006.hdr.sgml : 19970425 ACCESSION NUMBER: 0000793074-97-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970416 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970424 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: WERNER ENTERPRISES INC CENTRAL INDEX KEY: 0000793074 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 470648386 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14690 FILM NUMBER: 97586555 BUSINESS ADDRESS: STREET 1: P O BOX 37308 STREET 2: P O BOX 37308 CITY: OMAHA STATE: NE ZIP: 68137 BUSINESS PHONE: 4028956640 8-K 1 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): April 16, 1997 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 or organization) Number) Identification No.) INTERSTATE 80 & HIGHWAY 50 POST OFFICE BOX 37308 OMAHA, NEBRASKA 68137 (402)895-6640 (Address of principal (Zip Code) (Registrant's executive offices) telephone number) ITEM 5. OTHER EVENTS. On April 16, 1997, the registrant issued a news release announcing its operating revenues and earnings for the first quarter ended March 31, 1997. A copy of the news release is filed as an exhibit to this Form 8-K. On April 21, 1997, the registrant issued a news release announcing the establishment of a new working relationship with Hub Group, Inc., a non-asset based full service transportation provider. A copy of the news release is filed as an exhibit to this Form 8-K. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. Exhibit 99.1 News release issued by the registrant on April 16, 1997. Exhibit 99.2 News release issued by the registrant on April 21, 1997. 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: April 24, 1997 By: /s/ John J. Steele John J. Steele Vice President, Treasurer and Chief Financial Officer Date: April 24, 1997 By: /s/ James L. Johnson James L. Johnson Corporate Secretary and Controller EX-99 2 Exhibit 99.1 WERNER ENTERPRISES, INC. Interstate 80 & Highway 50 P. O. Box 37308 Omaha, Nebraska 68137 FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr. - --------------------- (402) 894-3000 Omaha, Nebraska, April 16, 1997: - -------------------------------- Werner Enterprises, Inc. (Werner), a nationwide full-service transportation company, today reported its operating revenues and earnings for the first quarter ended March 31, 1997. Operating revenues increased 16% to $172,049,000 compared to $147,903,000 for the same quarter of the prior year. Net income increased to $7,449,000 ($.20 per share) for the first quarter of 1997, compared to $7,288,000 ($.19 per share) for the first quarter of 1996. Net income increased at a lower percentage rate than operating revenues due largely to the impact of a two cent per mile driver pay increase effective January 1, 1997, and, to a lesser extent, higher average fuel prices at the beginning of first quarter 1997. To help recoup the cost of the driver pay increase, Werner has been meeting with customers to pursue rate increases. The increase in driver pay has contributed to the Company's addition of 350 tractors to its fleet during the quarter, which is a 16% increase in tractors from March 1996 to March 1997. On August 9, 1996, Werner issued shares for a three-for-two common stock split effected in the form of a 50% stock dividend from authorized and unissued shares to stockholders of record on July 26, 1996. The number of shares of stock and the per share amounts below reflect the effect of the stock split. Quarter Ended March 31 1997 1996 - ---------------------- ---- ---- Operating revenues $172,049,000 $147,903,000 Net income $ 7,449,000 $ 7,288,000 Average common shares outstanding 37,990,000 37,778,000 Earnings per share $ .20 $ .19 The Company's common stock is traded on the Nasdaq National Market tier of the Nasdaq Stock Market under the symbol WERN. EX-99 3 Exhibit 99.2 WERNER ENTERPRISES, INC. Interstate 80 & Highway 50 P.O. Box 37308 Omaha, Nebraska 68137 FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr. (402) 894-3000 HUB GROUP, INC. AND WERNER ENTERPRISES, INC. ANNOUNCE JOINT WORKING RELATIONSHIP OMAHA, NE, April 21, 1997 -- Hub Group, Inc. ("Hub") and Werner Enterprises, Inc. ("Werner") today announced the establishment of a new working relationship designed to better serve present and future customers by capitalizing on the core competencies of the two high quality transportation companies. Werner is a full service transportation company providing services including dry van, temperature controlled units, flatbed, dedicated trucking, logistics and intermodal services. Hub is a non-asset based full service transportation provider and the largest intermodal marketing company in North America. Hub's primary service offerings are intermodal, truck brokerage and logistics. Although there is no agreement as to exclusive use of either party, both Werner and Hub see a natural synergy in working together in certain areas for the benefit of their customers. In addition to the areas of current business which will benefit from this relationship, the companies see future opportunities to jointly market their services to new customers. Werner president, Greg Werner, stated: "We are very excited about this opportunity which gives us the flexibility to enhance our intermodal options when they make sense for our customers without having to commit significant resources away from our core business." Hub's Vice Chairman and Chief Executive Officer, David P. Yeager, added: "We are pleased to be working with Werner as part of our ongoing strategy to better serve our customers by developing mutually advantageous relationships with high quality, premium service transportation providers whose expertise compliments that of Hub." Media Contacts: Hub Group, Inc., William L. Crowder: (630) 271-3600 or James D. Martin & Associates: (847) 256-8182 Werner Enterprises, Inc.: Robert E. Synowicki, Jr. (402) 894-3000 -----END PRIVACY-ENHANCED MESSAGE-----