Summary
This 8-K filing from Fastenal Company (FAST), dated February 9, 2009, reports a significant change in its Board of Directors. Henry K. McConnon, a long-standing director since the company's incorporation in 1968, has announced his immediate retirement from the Board. This departure marks the end of an era for a director who has been with Fastenal from its inception. The filing clarifies that Mr. McConnon's retirement is not due to any disagreements with the company. As President of Wise Eyes, Inc., an eyeglass retailer and wholesaler, his extensive tenure provided valuable experience to the Board. Investors should note this change as it represents a shift in board composition, although no immediate impact on operations is indicated.
Key Highlights
- 1Henry K. McConnon, a director since 1968, has retired from the Fastenal Company Board of Directors, effective immediately.
- 2The retirement was announced on February 5, 2009.
- 3Mr. McConnon's departure is described as a retirement.
- 4There were no disagreements between Mr. McConnon and Fastenal.
- 5Mr. McConnon also serves as President of Wise Eyes, Inc.