Fastenal Company's Board of Directors appointed Jeffery M. Watts as a director to succeed Daniel L. Florness, effective July 16, 2026, coinciding with his transition to President and CEO. The Compensation Committee approved a new compensation package for Mr. Watts, which includes an annual base salary of $650,000 and specific cash incentive awards based on pre-tax income and ROA Assets Program. Fastenal Company is a distributor of industrial and safety supply products.
