-----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, FShVU4ZCf20tYO3Bgeu8DEwqEZgX8A8efVffz5SBWgj1SB34iop84RI4bAy4g8C7 VGRDIdFLewxfmkd5YMcjng== 0000793074-05-000105.txt : 20051027 0000793074-05-000105.hdr.sgml : 20051027 20051027171123 ACCESSION NUMBER: 0000793074-05-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051027 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051027 DATE AS OF CHANGE: 20051027 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: 051160700 BUSINESS ADDRESS: STREET 1: 14507 FRONTIER ROAD STREET 2: P O BOX 45308 CITY: OMAHA STATE: NE ZIP: 68145 BUSINESS PHONE: 4028956640 8-K 1 wern8k102705.txt WERNER ENTERPRISES, INC. 8K 10/27/05 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): October 21, 2005 ---------------- 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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On October 21, 2005, the Option Committee (the "Committee") of the Board of Directors of Werner Enterprises, Inc. (the "Company") approved a grant of options to purchase shares of the Company's common stock in accordance with the provisions of the Company's nonqualified stock option plan. The options have an exercise price equal to the closing price of the Company's common stock on the date immediately preceding the date of grant and become exercisable in the following percentages at the specified number of months from grant date: 25% at 24 months; 20% each at 36, 48, and 60 months; and 15% at 72 months. This grant included an option to purchase 35,000 shares granted to Daniel H. Cushman, Senior Executive Vice President, Chief Marketing and Operational Officer, and an option to purchase 20,000 shares granted to Derek J. Leathers, Executive Vice President - Van Division and International, both named executive officers of the Company. The notice of grant pursuant to which the Company makes awards is included as an exhibit to this Form 8-K. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibit 99.1 Notice of Grant of Nonqualified Stock Option. 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: October 27, 2005 By: /s/ John J. Steele ---------------- ------------------------------ John J. Steele Executive Vice President, Treasurer and Chief Financial Officer Date: October 27, 2005 By: /s/ James L. Johnson ---------------- ------------------------------ James L. Johnson Senior Vice President, Controller and Corporate Secretary EX-99.1 2 werngrant.txt WERNER ENTERPRISES, INC. 8K 10/27/05 Exhibit 99.1 [LETTERHEAD OF WERNER ENTERPRISES, INC.] Notice of Grant of Nonqualified Stock Option -------------------------------------------- Date - ---- Recipient Name - -------------- At the direction of the Option Committee of the Board of Directors (the Committee) of Werner Enterprises, Inc., you are hereby notified that the Committee has granted to you an option, pursuant to the Werner Enterprises, Inc. Stock Option Plan (the Plan) adopted by the Company on May 12, 1987, ratified and approved by the Stockholders of the Company on June 9, 1987, as amended on May 3, 1994, February 8, 2000, May 9, 2000, February 25, 2003 and May 11, 2004. The option granted to you is to purchase ______ shares of the $.01 par value common stock of the Company at the price of $____ per share. The date of grant of this option is the date of this notice, and it is the determination of the Committee that on this date the fair market value of the Company's common stock was $____ per share. The Committee has established the following limitations upon the exercise of this stock option granted to you: - 25% of the option may be exercised after the expiration of 24 months from the date of this grant; - an additional 20% of this option may be exercised after the expiration of 36 months from the date of this grant; - an additional 20% of the option may be exercised after the expiration of 48 months from the date of this grant; - an additional 20% of the option may be exercised after the expiration of 60 months from the date of this grant; - an additional 15% of the option may be exercised after the expiration of 72 months from the date of this grant. (i.e. all options shall be exercisable after the expiration of 6 years from the date of this grant.) I enclose a copy of the Plan governing the option granted to you, and your attention is directed to all the provisions of the Plan. You will observe that the Plan does not require that you exercise this option as to any particular number of shares at one time, but this option must be exercised, if at all and to the extent exercised, by no later than ten years and one day from the date of this grant. You should also note that your option may be exercisable only by you at any time during your lifetime and that termination of your employment will affect your rights to exercise options. Also, your option is nontransferable otherwise than as may be occasioned by your death and then only according to the terms of your will or by the laws of descent and distribution. At the time or times when you wish to exercise this option, in part or in whole, please refer to the provisions of the Plan and the above limitations dealing with methods and formalities of exercise of your option. RECIPIENT: WERNER ENTERPRISES,INC. By - ---------------------------- ------------------------- - ---------------------------- Date -----END PRIVACY-ENHANCED MESSAGE-----