Summary
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.
Key Highlights
- 1Sheryl A. Lisowski appointed interim Chief Financial Officer, effective April 17, 2025.
- 2Appointment is a temporary measure until a permanent CFO is found.
- 3Ms. Lisowski has a long tenure at Fastenal (since 1994) and prior interim CFO experience (2016).
- 4Base salary for Ms. Lisowski increases from $320,000 to $440,000.
- 5New quarterly cash incentive bonus structure introduced, linked to profit growth over the previous year.
- 6Ms. Lisowski remains eligible for the 2025 ROA Plan.
- 7No additional stock options granted for this interim role.