Summary
Fastenal Company (FAST) held its annual shareholder meeting on April 23, 2021, where all incumbent directors were re-elected. The shareholders also ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, and approved, on an advisory basis, the compensation of the company's named executive officers. The meeting was conducted in a virtual format, with a quorum present. The voting results indicate strong shareholder support for the board of directors and the company's auditor. The advisory vote on executive compensation also passed, reflecting shareholder confidence in the company's compensation practices.
Key Highlights
- 1All nine nominated directors were elected to serve until the next shareholder meeting.
- 2Shareholders overwhelmingly ratified KPMG LLP as the independent registered public accounting firm for fiscal year 2021.
- 3An advisory vote to approve the compensation of named executive officers was adopted by shareholders.
- 4A quorum was present at the virtual annual shareholder meeting, with over 513 million shares represented.
- 5Broker non-votes were noted for the director elections and the executive compensation advisory vote.