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Actionable news in FAST: Fastenal Company,

Departure of Directors or Certain

On October12, 2015, the Board of Directors (the Board) of Fastenal Company (the Company) elected Mr.Daniel Florness as the Companys president and chief executive officer effective January1, 2016. Mr.Willard Oberton will step down from his role as president and chief executive officer of the Company and Mr.Florness will step down from his role as executive vice president and chief financial officer of the Company effective the same date. Mr.Oberton will continue to serve as chairman of the board of the Company. Also on October12, 2015, the Board increased the number of directors of the Company from ten to eleven and appointed Mr.Florness as a member of the Board to fill the vacancy resulting from that increase effective January1, 2016. Mr.Florness has not been named to serve on any c ommittee of the Board and is not currently expected to be so named. The Board has not yet filled the position of chief financial officer of the Company, but intends to do so, on either a permanent or interim basis, as soon as reasonably practicable.

Mr.Florness, who is 51 years old, has served as the Companys chief financial officer since June 1996 and as an executive vice president of the Company since December 2002. As executive vice president and chief financial officer, Mr.Florness directs the financial activities of the Company and oversees the Companys national accounts business.

The Board concluded that Mr.Florness should be appointed as a director because, in his capacity as president and chief executive officer of the Company, he will be...


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