Werner Enterprises, Inc. Named Executive Officer Compensation Approval (2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

Werner Enterprises, Inc.'s Executive Compensation Committee approved new base salaries and annual discretionary bonuses for its named executive officers, effective December 2005. 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.

View More
EX-10.4 3 wernexh102005.txt WERNER ENTERPRISES, INC. 10-K EXHIBIT 10.4 EXHIBIT 10.4 WERNER ENTERPRISES, INC. NAMED EXECUTIVE OFFICER COMPENSATION On November 29, 2005, the Executive 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 salary increases became effective December 9, 2005:
Base Name Title Salary - -------------------- --------------------------------- ------------ Clarence L. Werner Chairman of the Board and Chief Executive Officer $675,000 Gary L. Werner Vice Chairman $355,000 Gregory L. Werner President and Chief Operating Officer $420,000 Daniel H. Cushman Senior Executive Vice President, Chief Marketing and Operational Officer $310,270 Derek J. Leathers Executive Vice President - International $244,003
The Committee also approved the following annual discretionary bonuses for the Company's named executive officers that were paid on December 1, 2005:
Name Title Bonus - -------------------- --------------------------------- ------------ Clarence L. Werner Chairman of the Board and Chief Executive Officer $350,000 Gary L. Werner Vice Chairman $210,000 Gregory L. Werner President and Chief Operating Officer $300,000 Daniel H. Cushman Senior Executive Vice President, Chief Marketing and Operational Officer $215,000 Derek J. Leathers Executive Vice President - International $200,000