Why is Fastenal changing its auditor?

The filing indicates that KPMG's audit for the fiscal year ended December 31, 2024, has been completed, and their dismissal was effective immediately thereafter. While the specific reasons for the change are not detailed, the absence of disagreements suggests it is not due to accounting disputes or audit issues.

Were there any issues with KPMG's audit or Fastenal's financial reporting?

No. The filing explicitly states that there were no disagreements with KPMG on any matter of accounting principles, financial statement disclosure, or auditing scope or procedures. Furthermore, there were no reportable events during the fiscal years 2024, 2023, and the subsequent interim period.

Who is Fastenal's new auditor?

PwC (PricewaterhouseCoopers LLP) has been engaged as Fastenal's new independent registered public accounting firm. They have completed their client acceptance procedures.

Has PwC had any issues or disagreements with Fastenal?

No. The company states that there have been no changes to prior disclosures regarding consultations, reports, disagreements, or reportable events related to Fastenal and PwC from those in the original Form 8-K.

FAST 8-K: Financial Events

Summary

This 8-K/A filing from Fastenal Company (FAST) announces an amendment related to the change of its independent registered public accounting firm. The company has dismissed KPMG, LLP as its auditor, effective immediately after their completion of the audit for the fiscal year ended December 31, 2024, and the issuance of their report. The filing explicitly states there were no disagreements or reportable events with KPMG during the relevant periods, indicating a smooth transition without accounting or auditing concerns.

Key Highlights

1Fastenal has dismissed KPMG, LLP as its independent auditor, effective February 6, 2025.
2KPMG's dismissal follows the completion of their audit for the fiscal year ended December 31, 2024.
3The company confirms no disagreements with KPMG on accounting principles, financial statement disclosures, or auditing procedures.
4There were also no reportable events as defined by SEC regulations during the period of KPMG's engagement.
5PwC has been engaged as the new independent registered public accounting firm.
6Disclosures regarding consultations, disagreements, or reportable events with PwC remain unchanged from a prior filing.

FASTENAL CO 8-K/A Report, Auditor Change (Feb 6, 2025)

Summary

Key Highlights

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