Fastenal Company (NASDAQ:FAST) Files An 8-K Submission of Matters to a Vote of Security Holders

Fastenal Company (NASDAQ:FAST) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.

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On April24, 2018, Fastenal Company (the 'Company') held its annual meeting of shareholders (the 'Annual Meeting') in Winona, Minnesota. As of the record date for the Annual Meeting, there were 287,647,564 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. There were 263,678,070 shares of Common Stock represented in person or by proxy at the Annual Meeting; therefore, a quorum was present. The following is a brief summary of each matter voted upon at the Annual Meeting:

Proposal #1 – Election of directors. The election of a board of directors consisting of ten members to serve until the next regular meeting of shareholders or until their successors have been duly elected and qualified. The voting results were as follows:

Names of Directors

TotalNumberof Votes For

Total Number of Votes Against

TotalNumberof Votes Abstaining

Willard D. Oberton

224,792,634

2,092,615

163,060

Michael J. Ancius

224,938,961

1,760,737

348,611

Michael J. Dolan

215,322,051

11,413,594

312,664

Stephen L. Eastman

224,429,227

2,288,619

330,463

Daniel L. Florness

225,663,891

1,184,092

200,326

Rita J. Heise

225,719,238

965,577

363,494

Darren R. Jackson

224,766,035

1,869,038

413,236

Daniel L. Johnson

224,771,612

1,864,392

412,305

Scott A. Satterlee

225,746,567

891,896

409,846

Reyne K. Wisecup

222,533,041

4,307,486

207,782

There were 36,629,761 broker non-votes.

Based on the votes set forth above, all of the foregoing persons were duly elected to serve until the next regular meeting of shareholders or until their successors have been duly elected and qualified.

Proposal #2 – Ratification of appointment of independent registered public accounting firm for the year ending December 31, 2018. The voting results were as follows:

For

Against

Abstain

246,956,410

16,319,679

401,981

Based on the votes set forth above, the selection of KPMG LLP as the Company's independent registered public accounting firm for the year ending December31, 2018 was duly ratified by our shareholders.

Proposal #3 – An advisory vote on a non-binding resolution to approve the compensation of Fastenal’s named executive officers as disclosed in the proxy statement for the 2018 Annual Meeting. The voting results were as follows:

For

Against

Abstain

219,368,199

6,580,954

1,099,156

There were 36,629,761 broker non-votes.

Based on the votes set forth above, the resolution for the approval, on an advisory basis, of the compensation of our named executive officers was duly adopted by our shareholders.

•Proposal #4 – Approval of Fastenal's Non-Employee Director Stock Option Plan. The voting results were as follows:

For

Against

Abstain

221,640,281

4,578,348

829,680

There were 36,629,761 broker non-votes.

Based on the votes set forth above, the approval of the Fastenal Company Non-Employee Director Stock Option Plan was duly approved by our shareholders.


About Fastenal Company (NASDAQ:FAST)

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business. The Company operates approximately 10 distribution centers in North America. The Company’s original product offerings were fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Company’s product line consists of approximately two categories, including threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. Its customers are in the manufacturing and non-residential construction markets.

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