---
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"
generated_at: "2026-05-31T21:36:04.512477+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000815556-24-000029
- JSON: https://secwatch.observer/filing/0000815556-24-000029.json
- Plain text: https://secwatch.observer/filing/0000815556-24-000029.txt

## Key facts
- Executive change
  Daniel L. Florness changed role as President at FASTENAL CO.
  - Action: vacated
  - Role: President
  source text: Mr. Daniel L. Florness who will be voluntarily vacating the President position on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/0000815556-24-000029-index.htm
- Executive change
  Jeffery M. Watts was appointed as President and Chief Sales Officer at FASTENAL CO.
  - Action: appointed
  - Role: President and Chief Sales Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/815556/000081555624000029/0000815556-24-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.