FASTENAL CO — fact timeline

Vishal Talwar was elected as Director at FASTENAL CO.

“On June 12, 2026, the Board of Directors (the 'Board') of Fastenal Company (the 'Company') elected as a director of the Company Mr. Vishal Talwar, effective on June 12, 2026”

FASTENAL CO reported the quarter ended March 31, 2026 results: revenue $ 2,201.7, net income $ 339.8, EPS $ 0.30.

“Net sales $ 2,201.7 1,959.4 12.4 % Business days 63 63 Daily sales $ 34.9 31.1 12.4 % Gross profit $ 982.9 883.9 11.2 % % of net sales 44.6 % 45.1 % Selling, general, and administrative (SG&A) expenses $ 535.3 490.0 9.3 % % of net sales 24.3 % 25.0 % Operating income $ 447.6 393.9 13.6 % % of net sales 20.3 % 20.1 % Income before income taxes $ 448.3 393.1 14.0 % % of net sales 20.4 % 20.1 % Net income $ 339.8 298.7 13.8 % Diluted net income per share $ 0.30 0.26 13.6 %”

FASTENAL CO: Amended Restated Articles of Incorporation to effect a two-for-one forward stock split, increasing authorized common shares to 1,600,000,000 (effective 2025-05-21).

“On April 24, 2025, the Company’s Restated Articles of Incorporation were amended pursuant to the authority afforded to the Board in connection with the forward stock split. At the Effective Time, the amendment will increase the number of shares of Common Stock authorized for issuance to 1,600,000,000 shares with no change in par value.”

Sheryl A. Lisowski was appointed as interim Chief Financial Officer at FASTENAL CO.

“appointed Sheryl A. Lisowski, the Company's Executive Vice President – Chief Accounting Officer and Treasurer, to serve in the additional role of interim Chief Financial Officer of the Company, effective April 17, 2025”

FASTENAL CO engaged PwC as its auditor.

“(b) Engagement of New Independent Registered Public Accounting Firm PwC has completed its customary client acceptance procedures as referenced in the Original Form 8-K.”

FASTENAL CO dismissed KPMG as its auditor.

“On February 6, 2025, KPMG completed its audit of the Company's consolidated financial statements as of and for the fiscal year ended December 31, 2024, and the issuance of their report thereon, and its dismissal was effective immediately thereafter.”

Brady D. Ericson was elected as Director at FASTENAL CO.

“Also on January 16, 2025, the Board elected as a director of the Company, Mr. Brady D. Ericson, effective as of the same date, keeping the number of directors on the Board at eleven.”

Nicholas J. Lundquist departed as Director at FASTENAL CO.

“On January 16, 2025, Nicholas J. Lundquist, a director of the Board of Directors (the "Board") of Fastenal Company (the "Company" or "Fastenal"), informed the Company that he will not stand for re-election as a director of the Company and tendered his notification of ineligibility, effective as of January 16, 2025.”

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

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

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

“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”

FASTENAL CO: Removed Article VI regarding supermajority approval of business combinations with certain interested parties (effective 2024-04-25).

“on April 25, 2024, the shareholders of Fastenal Company (the 'Company') approved an amendment (the 'Amendment') to the Restated Articles of Incorporation of the Company, which removed Article VI regarding supermajority approval of business combinations with certain interested parties.”

FASTENAL CO shareholders rejected Consideration of a shareholder proposal relating to simple majority vote at the 2024-04-25 meeting.

“Proposal #5 - Consideration of a shareholder proposal relating to simple majority vote.”

FASTENAL CO shareholders approved Approval of an amendment to the Company's Restated Articles of Incorporation to delete Article VI regarding supermajority approval of business combinations with certain interested parties at the 2024-04-25 meeting.

“Proposal #4 - Approval of an amendment to the Company's Restated Articles of Incorporation to delete Article VI regarding supermajority approval of business combinations with certain interested parties.”

FASTENAL CO shareholders approved Advisory vote on a non-binding resolution to approve the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting at the 2024-04-25 meeting.

“Proposal #3 – An advisory vote on a non-binding resolution to approve the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting.”

FASTENAL CO shareholders approved Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-04-25 meeting.

“Proposal #2 – Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2024.”

FASTENAL CO shareholders approved Election of directors at the 2024-04-25 meeting.

“Proposal #1 – Election of directors. The election of a board of directors consisting of eleven members to serve until the next regular meeting of shareholders or until their successors have been elected and qualified.”

FASTENAL CO reported the quarter ended March 31, 2024 results: revenue $ 1,895.1, net income $ 297.7, EPS $ 0.52.

“expenses', and 'income before income taxes', respectively, and are calculated in conformity with U.S. GAAP. PERFORMANCE SUMMARY Three-month Period 2024 2023 Change Net sales $ 1,895.1 1,859.1 1.9 % Business days 64 64 Daily sales $ 29.6 29.0 1.9 % Gross profit $ 861.6 850.0 1.4 % % of net sales 45.5 % 45.7 % Selling, general, and administrative expenses $ 471.4”

FASTENAL CO reported the quarter and year ended December 31, 2023 results: revenue $1,758.6, net income $266.4, EPS $0.46.

“contraction (negative) for the applicable period. PERFORMANCE SUMMARY Twelve-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 7,346.7 6,980.6 5.2 % $ 1,758.6 1,695.6 3.7 % Business days 253 254 62 62 Daily sales $ 29.0 27.5 5.7 % $ 28.4 27.3 3.7 % Gross profit $ 3,354.5 3,215.8 4.3 % $ 799.4 768.4 4.0 % % of net sales 45.7 % 46.1 %”

FASTENAL CO reported the quarter ended September 30, 2023 results: revenue $1,845.9, net income $295.5, EPS $0.52.

“contraction (negative) for the applicable period. PERFORMANCE SUMMARY Nine-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 5,588.1 5,285.0 5.7 % $ 1,845.9 1,802.4 2.4 % Business days 191 192 63 64 Daily sales $ 29.3 27.5 6.3 % $ 29.3 28.2 4.0 % Gross profit $ 2,555.1 2,447.4 4.4 % $ 847.6 826.5 2.6 % % of net sales 45.7 % 46.3 %”

Terry M. Owen resigned as Chief Operations Officer at FASTENAL CO.

“On October 9, 2023, Terry M. Owen resigned as the Chief Operations Officer of Fastenal Company (the "Company") effective October 31, 2023.”

Anthony P. Broersma was appointed as Executive Vice President-Operations at FASTENAL CO.

“On October 11, 2023, the Board of Directors of Fastenal Company (the "Company") appointed Anthony P. Broersma as the Executive Vice President-Operations of the Company effective October 11, 2023.”

FASTENAL CO reported the six months ended June 30, 2023 results: revenue $ 3,742.2, net income $ 593.1, EPS $ 1.04.

“PERFORMANCE SUMMARY Six-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 3,742.2 3,482.6 7.5 % $ 1,883.1 1,778.6 5.9 % Business days 128 128 64 64 Daily sales $ 29.2 27.2 7.5 % $ 29.4 27.8 5.9 % Gross profit $ 1,707.5 1,620.9 5.3 % $ 857.5 827.6 3.6 % % of net sales 45.6 % 46.5 % 45.5 % 46.5 % Operating and administrative expenses $ 919.4 879.5 4.5 % $ 462.6 444.2 4.1 % % of net sales 24.6 % 25.3 % 24.6 % 25.0 % Operating income $ 788.1 741.4 6.3 % $ 394.9 383.4 3.0 % % of net sales 21.1 % 21.3 % 21.0 % 21.6 % Earnings before income taxes $ 782.3 736.5 6.2 % $ 392.6 380.7 3.1 % % of net sales 20.9 % 21.2 % 20.9 % 21.4 % Net earnings $ 593.1 556.7 6.6 % $ 298.0 287.1 3.8 % Diluted net earnings per share $ 1.04 0.96 7.4 % $ 0.52 0.50 4.6 %”

FASTENAL CO reported the quarter ended June 30, 2023 results: revenue $ 1,883.1, net income $ 298.0, EPS $ 0.52.

“PERFORMANCE SUMMARY Six-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 3,742.2 3,482.6 7.5 % $ 1,883.1 1,778.6 5.9 % Business days 128 128 64 64 Daily sales $ 29.2 27.2 7.5 % $ 29.4 27.8 5.9 % Gross profit $ 1,707.5 1,620.9 5.3 % $ 857.5 827.6 3.6 % % of net sales 45.6 % 46.5 % 45.5 % 46.5 % Operating and administrative expenses $ 919.4 879.5 4.5 % $ 462.6 444.2 4.1 % % of net sales 24.6 % 25.3 % 24.6 % 25.0 % Operating income $ 788.1 741.4 6.3 % $ 394.9 383.4 3.0 % % of net sales 21.1 % 21.3 % 21.0 % 21.6 % Earnings before income taxes $ 782.3 736.5 6.2 % $ 392.6 380.7 3.1 % % of net sales 20.9 % 21.2 % 20.9 % 21.4 % Net earnings $ 593.1 556.7 6.6 % $ 298.0 287.1 3.8 % Diluted net earnings per share $ 1.04 0.96 7.4 % $ 0.52 0.50 4.6 %”

Irene A. Quarshie was elected as Director at FASTENAL CO.

“On June 9, 2023, the Board of Directors (the "Board") of Fastenal Company (the "Company") elected as a director of the Company Ms. Irene A. Quarshie, effective on June 9, 2023, increasing the number of directors on the Board from ten to eleven on this date.”

Jeffery M. Watts changed role as Chief Sales Officer at FASTENAL CO.

“Mr. Jeffery M. Watts, 51, the Executive Vice President-International Sales of the Company will transition to the newly established executive officer position of Chief Sales Officer”

Terry M. Owen changed role as Chief Operating Officer at FASTENAL CO.

“Mr. Terry M. Owen, 54, the Senior Executive Vice President-Sales Operations of the Company will transition to the newly established executive officer position of Chief Operating Officer”

FASTENAL CO shareholders approved Non-binding advisory vote to determine the frequency of future advisory votes on the compensation of the Company's named executive officers. at the 2023-04-22 meeting.

“Proposal #4 - A non-binding advisory vote to determine the frequency of future advisory votes on the compensation of the Company's named executive officers. The voting results were as follows: Every Year Every Two Years Every Three Years Abstain 460,507,229 1,170,530 7,713,980 2,003,252 There were 44,941,226 broker non-votes.”

FASTENAL CO shareholders approved Advisory vote on a non-binding resolution to approve the compensation of Fastenal's named executive officers as disclosed in the proxy statement for the 2023 Annual Meeting. at the 2023-04-22 meeting.

“Proposal #3 – An advisory vote on a non-binding resolution to approve the compensation of Fastenal’s named executive officers as disclosed in the proxy statement for the 2023 Annual Meeting. The voting results were as follows: For Against Abstain 439,048,771 30,606,936 1,739,284 There were 44,941,226 broker non-votes.”

FASTENAL CO shareholders approved Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-04-22 meeting.

“Proposal #2 – Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: For Against Abstain 493,843,098 21,638,023 855,096”

FASTENAL CO shareholders approved Election of a board of directors consisting of ten members to serve until the next regular meeting of shareholders or until their successors have been elected and qualified. at the 2023-04-22 meeting.

“Proposal #1 – Election of directors. The election of a board of directors consisting of ten members to serve until the next regular meeting of shareholders or until their successors have been elected and qualified. The voting results were as follows: Names of Directors Total Number of Votes For Total Number of Votes Against Total Number of Votes Abstaining Scott A. Satterlee 458,186,400 12,297,189 911,402 Michael J. Ancius 451,049,932 19,331,146 1,013,913 Stephen L. Eastman 453,723,499 16,602,317 1,069,175 Daniel L. Florness 463,092,890 7,464,379 837,722 Rita J. Heise 432,436,160 38,059,061 899,770 Hsenghung Sam Hsu 462,694,403 7,678,045 1,022,543 Daniel L. Johnson 459,335,855 10,767,355 1,291,781 Nicholas J. Lundquist 459,905,715 10,336,894 1,152,382 Sarah N. Nielsen 467,577,748 2,924,590 892,653 Reyne K. Wisecup 458,862,858 11,528,439 1,003,694 There were 44,941,226 broker non-votes.”

FASTENAL CO reported the quarter ended March 31, 2023 results: revenue $ 1,859.1, net income $ 295.1, EPS $ 0.52.

“rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period. PERFORMANCE SUMMARY Three-month Period 2023 2022 Change Net sales $ 1,859.1 1,704.1 9.1 % Business days 64 64 Daily sales $ 29.0 26.6 9.1 % Gross profit $ 850.0 793.3 7.2 % % of net sales 45.7 % 46.6 % Operating and administrative expenses $ 456.8 435.3”

FASTENAL CO reported the quarter and year ended December 31, 2022 results: revenue $ 6,980.6, net income $ 1,086.9, EPS $ 1.89.

“growth (positive) or contraction (negative) for the applicable period. PERFORMANCE SUMMARY Twelve-month Period Three-month Period 2022 2021 Change 2022 2021 Change Net sales $ 6,980.6 6,010.9 16.1 % $ 1,695.6 1,531.8 10.7 % Business days 254 253 62 62 Daily sales $ 27.5 23.8 15.7 % $ 27.3 24.7 10.7 % Gross profit $ 3,215.8 2,777.2 15.8 % $ 768.4 712.9 7.8 % %”

Sarah N. Nielsen was elected as director at FASTENAL CO.

“On August 13, 2021, the Board of Directors (the "Board") of Fastenal Company (the "Company") elected as a director of the Company Ms. Sarah N. Nielsen, effective on August 16, 2021”