Summary
Fastenal Company (FAST) held its Annual Meeting of Shareholders on April 23, 2026, where all management-proposed items received strong shareholder approval. The election of all eleven director nominees passed with a substantial majority of votes. Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved the executive compensation plan on an advisory basis. Further, the company's proposals to approve the Employee Restricted Stock Unit Plan and the Non-Employee Director Stock and Restricted Stock Unit Plan were both overwhelmingly adopted. However, a shareholder proposal requesting an EEO-1 report disclosure policy was not approved by a significant margin. The overall outcome indicates strong support from shareholders for the company's board and its compensation and equity-based incentive plans.
Key Highlights
- 1All eleven director nominees were elected by a significant majority.
- 2PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2026.
- 3Shareholders provided an advisory vote of approval for executive compensation.
- 4The Fastenal Company Employee Restricted Stock Unit Plan was approved.
- 5The Fastenal Company Non-Employee Director Stock and Restricted Stock Unit Plan was approved.
- 6A shareholder proposal for an EEO-1 report disclosure policy was not adopted.