01—Abstract
Summary
Summary of the 8-K filed April 10, 2025. Cited figures are marked; the original filing is the authoritative source.
Fastenal Company (FAST) announced a key leadership change via an 8-K filing on April 10, 2025.
Sheryl A. Lisowski, currently Executive Vice President – Chief Accounting Officer and Treasurer, has been appointed as the interim Chief Financial Officer, effective April 17, 2025. This appointment is until a permanent CFO is named.
Ms. Lisowski is a seasoned executive with extensive experience within Fastenal, having held various finance and accounting roles since joining the company in 1994, including a prior stint as interim CFO from January to August 2016. In connection with her new role, Ms. Lisowski's base salary will be increased, and she will receive a new quarterly cash incentive bonus structure tied to company-wide pre-tax and net income growth over the prior year's comparable quarter. She will also remain eligible for the existing ROA Plan.
The company has confirmed no new stock options are being granted to Ms. Lisowski for this interim role, and there are no undisclosed related-party transactions. This move signals a temporary but significant shift in financial leadership while the company searches for a permanent CFO.
02—Key points
Key Highlights
- Sheryl A. Lisowski appointed interim Chief Financial Officer, effective April 17, 2025.
- Appointment is a temporary measure until a permanent CFO is found.
- Ms. Lisowski has a long tenure at Fastenal (since 1994) and prior interim CFO experience (2016).
- Base salary for Ms. Lisowski increases from $320,000 to $440,000.
- New quarterly cash incentive bonus structure introduced, linked to profit growth over the previous year.
- Ms. Lisowski remains eligible for the 2025 ROA Plan.
- No additional stock options granted for this interim role.
03—Questions
Frequently Asked Questions
Why has Fastenal appointed an interim CFO?
Fastenal has appointed an interim CFO, Sheryl A. Lisowski, to ensure continuity in financial leadership while the company conducts a search for a permanent Chief Financial Officer.
What is the compensation adjustment for the interim CFO?
Ms. Lisowski's base salary will increase from $320,000 to $440,000. She will also receive a new quarterly cash incentive bonus tied to the company's pre-tax and net income growth compared to the same quarter in the previous year. She will continue to be eligible for the 2025 ROA Plan.
Is Ms. Lisowski new to this role or the company?
No, Ms. Lisowski is not new to these responsibilities. She has been with Fastenal since 1994, holding various finance and accounting roles, and previously served as interim CFO from January to August 2016. Her current role is Executive Vice President – Chief Accounting Officer and Treasurer.
Will Ms. Lisowski receive additional stock options for this interim position?
No, the filing explicitly states that no additional stock options will be granted to Ms. Lisowski at this time in connection with her appointment as interim Chief Financial Officer. She will retain her existing option grants.
04—Continue