01—Abstract
Summary
Summary of the 8-K filed April 24, 2026. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- All eleven director nominees were elected by a significant majority.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2026.
- Shareholders provided an advisory vote of approval for executive compensation.
- The Fastenal Company Employee Restricted Stock Unit Plan was approved.
- The Fastenal Company Non-Employee Director Stock and Restricted Stock Unit Plan was approved.
- A shareholder proposal for an EEO-1 report disclosure policy was not adopted.
03—Questions
Frequently Asked Questions
What were the key outcomes of Fastenal's Annual Meeting of Shareholders?
The key outcomes include the election of all director nominees, ratification of the independent auditor, advisory approval of executive compensation, and approval of two stock and restricted stock unit plans. A shareholder proposal regarding EEO-1 reporting was not approved.
How did shareholders vote on the election of directors?
All eleven director nominees were elected with a substantial majority of votes in favor, indicating strong shareholder confidence in the current board.
Was the company's auditor approved by shareholders?
Yes, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with overwhelming support.
What was the outcome of the shareholder proposal concerning EEO-1 report disclosure?
The shareholder proposal requesting an EEO-1 report disclosure policy was not adopted by the shareholders, with a majority of votes cast against it.
04—Continue