Fastenal (FAST) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, introduced the invocation, and honored the company's founders, including a tribute to the late Robert A. Kierlin, emphasizing his leadership legacy and values.

• Board members and key executives were introduced, and retiring board member Nicholas Lundquist was recognized for over 40 years of service.

Board and executive committee updates

• Board composition was reviewed, with 11 nominees presented for election.

• Recognition was given to retiring board member Nicholas Lundquist for his mentorship and long-term impact.

Shareholder proposals

• Three management proposals were presented: election of directors, ratification of PricewaterhouseCoopers LLP as auditor, and advisory approval of executive compensation.

• Motions for each proposal were formally placed before the meeting and discussed.