Jeff Watts promoted to President and CSO of Fastenal; Florness remains CEO

FASTENAL CO

Watts appointed President and Chief Sales Officer effective August 1, 2024.
Dan Florness voluntarily vacates President role but continues as CEO and Board member.
Watts has 28-year tenure; previously CSO since May 2023 and EVP International Sales.
Base salary of $550,000 (pro-rated) plus quarterly bonus tied to pre-tax earnings growth.
No additional stock options granted now; eligible for option grants in 2025.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Daniel L. Florness

President

FAST · FASTENAL CO

Effective: 2024-08-01
Successor: Jeffery M. Watts
Filed: July 12, 2024, 7:59 PM ET

Mr. Daniel L. Florness who will be voluntarily vacating the President position on the Effective Date.

Appointed

Jeffery M. Watts

President and Chief Sales Officer

FAST · FASTENAL CO

Effective: 2024-08-01
Filed: July 12, 2024, 7:59 PM ET

On July 11, 2024, Mr. Jeffery M. Watts was appointed by the Board of Directors (the 'Board') of Fastenal Company (the 'Company') to the position of President and Chief Sales Officer, effective on August 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel L. Florness changed role as President at FASTENAL CO.

Action: vacated
Role: President

Exact text from the filing

Mr. Daniel L. Florness who will be voluntarily vacating the President position on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffery M. Watts was appointed as President and Chief Sales Officer at FASTENAL CO.

Action: appointed
Role: President and Chief Sales Officer

Exact text from the filing

On July 11, 2024, Mr. Jeffery M. Watts was appointed by the Board of Directors (the 'Board') of Fastenal Company (the 'Company') to the position of President and Chief Sales Officer, effective on August 1, 2024

View on SEC.gov

FASTENAL CO filing history →

Source: SEC EDGAR

accession 0000815556-24-000029

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