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.
annual meeting of shareholders (the ‘Annual Meeting’) in
Winona, Minnesota. As of the record date for the Annual Meeting,
there were 289,260,924 shares of Common Stock outstanding and
entitled to vote at the Annual Meeting. There were 262,506,449
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
|
|
Total Number of Votes For
|
|
Total Number of Votes Against
|
|
Total Number of Votes Abstaining
|
|||
|
Willard D. Oberton
|
|
220,312,214
|
|
|
3,443,787
|
|
|
209,480
|
|
|
Michael J. Ancius
|
|
220,327,603
|
|
3,252,384
|
|
385,494
|
|||
|
Michael J. Dolan
|
|
215,614,797
|
|
|
8,058,928
|
|
|
291,756
|
|
|
Stephen L. Eastman
|
|
219,186,350
|
|
4,391,586
|
|
387,545
|
|||
|
Daniel L. Florness
|
|
221,289,079
|
|
|
2,453,343
|
|
|
223,059
|
|
|
Rita J. Heise
|
|
220,426,271
|
|
3,161,223
|
|
377,987
|
|||
|
Darren R. Jackson
|
|
219,405,072
|
|
|
4,165,513
|
|
|
394,896
|
|
|
Daniel L. Johnson
|
|
220,333,973
|
|
3,363,691
|
|
267,817
|
|||
|
Scott A. Satterlee
|
|
220,501,429
|
|
|
3,074,664
|
|
|
389,388
|
|
|
Reyne K. Wisecup
|
|
218,469,832
|
|
5,236,638
|
|
259,011
|
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, 2017.>The voting results were as follows: |
|
For
|
|
Against
|
|
Abstain
|
|
248,139,990
|
|
14,180,145
|
|
186,314
|
the Company’s independent registered public accounting firm for
the year ending December 31, 2017 was duly ratified by our
shareholders.
|
|
Proposal #3 Re-approval of the Fastenal Company Incentive
Plan. The voting results were as follows: |
|
For
|
|
Against
|
|
Abstain
|
|
219,683,364
|
|
3,504,837
|
|
777,280
|
Company Incentive Plan was duly approved by our shareholders.
|
|
Proposal #4 An advisory vote on a non-binding resolution to
approve the compensation of Fastenals named executive officers as disclosed in the proxy statement for the 2017 Annual Meeting.>The voting results were as follows: |
|
For
|
|
Against
|
|
Abstain
|
|
215,864,453
|
|
6,911,556
|
|
1,189,472
|
approval, on an advisory basis, of the compensation of our named
executive officers was duly adopted by our shareholders.
|
|
Proposal #5 – An advisory vote on a non-binding resolution
to determine the frequency for future shareholder votes on executive compensation. The voting results were as follows: |
|
Every Year
|
|
Every Two Years
|
|
Every Three Years
|
|
Abstain
|
|
202,117,859
|
|
2,103,984
|
|
19,071,729
|
|
671,909
|
with respect to the frequency with which shareholders of the
Company should be entitled to have an advisory vote on executive
compensation was ‘every year’. In accordance with the results of
the vote, the board of directors determined to follow the
shareholders’ recommendation and the Company will conduct an
annual advisory vote on executive compensation.
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. FASTENAL COMPANY (NASDAQ:FAST) Recent Trading Information
FASTENAL COMPANY (NASDAQ:FAST) closed its last trading session down -0.40 at 45.41 with 2,132,112 shares trading hands.
