Werner Enterprises, Inc. Named Executive Officer Compensation Approval (2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

Werner Enterprises, Inc.'s Compensation Committee approved new base salaries and annual discretionary bonuses for its named executive officers, effective December 8, 2006 (with a later effective date for Gregory L. Werner). The agreement lists the officers, their titles, and the specific salary and bonus amounts. This action formalizes the compensation structure for the company's top executives for the specified period.

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EX-10.4 5 wernexh104.txt WERNER ENTERPRISES, INC. 10-K 2006 EXHIBIT 10.4 EXHIBIT 10.4 WERNER ENTERPRISES, INC. NAMED EXECUTIVE OFFICER COMPENSATION On November 30, 2006, the Compensation Committee (the "Committee") of the Board of Directors of Werner Enterprises, Inc. (the "Company") approved increases to the base salaries for certain of the Company's named executive officers. The following base salaries are effective as of December 8, 2006, except for Mr. Gregory L. Werner, whose base salary was changed effective February 9, 2007, as disclosed on the Company's previously filed Form 8-K dated February 9, 2007:
Base Name Title Salary - ------------------ ------------------------------------- -------- Clarence L. Werner Chairman of the Board $715,000 Gary L. Werner Vice Chairman $355,000 Gregory L. Werner President and Chief Executive Officer $720,000 Daniel H. Cushman Senior Executive Vice President and Chief Marketing Officer $310,270 Derek J. Leathers Senior Executive Vice President - Value Added Services, International $269,003 John J. Steele Executive Vice President, Treasurer and Chief Financial Officer $210,000
The Committee also approved the following annual discretionary bonuses for the Company's named executive officers that were paid on December 4, 2006:
Name Title 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 Daniel H. Cushman Senior Executive Vice President and Chief Marketing Officer $245,000 Derek J. Leathers Senior Executive Vice President - Value Added Services, International $230,000 John J. Steele Executive Vice President, Treasurer and Chief Financial Officer $80,000