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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.

On April 25, 2017, 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 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
There were 38,540,968 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, 2017.>The voting results were as follows:
For
Against
Abstain
248,139,990
14,180,145
186,314
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 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
There were 38,540,968 broker non-votes.
Based on the votes set forth above, the re-approval of the Fastenal
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
There were 38,540,968 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 #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
There were 38,540,968 broker non-votes.
Based on the votes set forth above, the choice of the shareholders
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.

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