secwatch.observer — SEC 8-K summary
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Issuer:     FASTENAL CO (FAST)
CIK:        0000815556
Form:       8-K/A
Filed at:   2026-07-16T20:05:10+00:00
Accession:  0000815556-26-000043
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Fastenal appoints Jeffery M. Watts as director and CEO, effective July 16, 2026; sets compensation
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- Jeffery M. Watts appointed President and CEO and elected to Board, succeeding Daniel L. Florness, effective July 16, 2026.
- Annual base salary of $650,000, prorated from CEO Transition Date through end of 2026.
- Target quarterly cash incentive: 1.75% of company-wide quarterly pre-tax income exceeding 100% of prior-year same quarter.
- No additional equity grants in 2026; eligible for equity awards in 2027.
- Watts receives $50,000 annual cash retainer for director service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/815556/000081555626000043/0000815556-26-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815556/000081555626000043/fast-20251219.htm
  HTML page:      https://secwatch.observer/filing/0000815556-26-000043

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