Fastenal Company (FAST)

59.64 -0.26 (-0.43%) At close: 04:00PM EST

Fastenal Company

2001 Theurer Boulevard
Winona, MN 55987-1500
United States
507 454 5374
https://www.fastenal.com

Sector(s): Industrials
Industry: Industrial Distribution
Full Time Employees: 20,284

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Daniel L. Florness	President, CEO & Director	4.82M	N/A	1963
Mr. Holden Lewis	Senior EVP & CFO	2.06M	N/A	1969
Mr. Charles S. Miller	Senior Executive Vice President of Sales	2.1M	721.4k	1974
Ms. Sheryl Ann Lisowski	Executive VP, Chief Accounting Officer & Treasurer	262.89k	442.13k	1967
John J. Milek	VP & General Counsel	N/A	N/A	N/A
Mr. Jeffery Michael Watts	Chief Sales Officer	1.38M	1.46M	1972
Ms. Noelle Joan Oas J.D.	Executive VP of Human Resources	N/A	N/A	N/A
Mr. James C. Jansen	Executive Vice President of Manufacturing	750.04k	821.35k	1970
Mr. John Lewis Soderberg	Senior Executive Vice President of Information Technology	N/A	N/A	1971
Mr. William Joseph Drazkowski	Executive Vice President of Sales	1.13M	751.32k	1971

Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

Corporate Governance

Fastenal Company’s ISS Governance QualityScore as of November 28, 2023 is 3. The pillar scores are Audit: 2; Board: 5; Shareholder Rights: 4; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.