{"schema_version":"secwatch.filing_event.v1","accession":"0000815556-24-000029","form_type":"8-K","ticker":"FAST","cik":"0000815556","company_name":"FASTENAL CO","filed_at":"2024-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.965936+00:00","generated_at":"2026-05-31T21:36:04.512477+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Jeff Watts promoted to President and CSO of Fastenal; Florness remains CEO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000815556-24-000029","json":"https://secwatch.observer/filing/0000815556-24-000029.json","markdown":"https://secwatch.observer/filing/0000815556-24-000029.md","text":"https://secwatch.observer/filing/0000815556-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/0000815556-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/fast-20240711.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:36:04.512477+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"30691e8a17","claim":"Daniel L. Florness changed role as President at FASTENAL CO.","evidence_excerpt":"Mr. Daniel L. Florness who will be voluntarily vacating the President position on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/0000815556-24-000029-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"vacated"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"609ffa05c1","claim":"Jeffery M. Watts was appointed as President and Chief Sales Officer at FASTENAL CO.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/0000815556-24-000029-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Sales Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}