WERNER ENTERPRISES, INC.
14507 Frontier Road
P. O. Box 45308
Omaha, Nebraska 68145
FOR IMMEDIATE RELEASE Contact: Robert E. Synowicki, Jr.
- --------------------- Executive Vice President and
Chief Information Officer
(402) 894-3000
John J. Steele
Vice President, Treasurer and
Chief Financial Officer
(402) 894-3036
WERNER ENTERPRISES ANNOUNCES 4 FOR 3 SPLIT OF THE COMPANY'S COMMON STOCK
Omaha, Nebraska, February 11, 2002:
- -----------------------------------
Werner Enterprises, Inc. (Nasdaq: WERN-news), one of the nation's
largest truckload transportation companies, announced today that its
Board of Directors has declared a four for three split of the Company's
common stock effected in the form of a 33 1/3 percent stock dividend.
The stock dividend will be payable on or about March 14, 2002 to
stockholders of record at the close of business on February 25, 2002.
Based on the number of diluted shares at December 31, 2001, the
Company's diluted shares will increase from approximately 49 million to
approximately 65 million. No fractional shares of common stock will be
issued in connection with the stock split. Stockholders entitled to
fractional shares will receive a proportional cash payment (after giving
effect to the stock split) based on the closing price of a share of
common stock on February 25, 2002. If a stockholder is contemplating a
trade of stock from the record date to the payable date, he or she
should consult his or her stockbroker as to entitlement of the split
shares.
Werner Enterprises is a full-service transportation company
providing truckload services throughout the 48 states, portions of
Canada and Mexico. C.L. Werner founded the Company in 1956. Werner is
one of the nation's largest truckload carriers with a fleet of 7,775
trucks and 19,775 trailers as of December 31, 2001.
Werner Enterprises, Inc. common stock is traded on The Nasdaq Stock
Market under the symbol WERN. The Werner Enterprises web site address
is www.werner.com.