Fastenal amends 8-K to name Jeffery Watts as director ahead of CEO transition

FAST•2026-07-16

Board and compensation terms for Watts

The board elected Watts to join the board on July 16, 2026, succeeding Daniel L. Florness; employee-director cash retainer set at $50,000 annually.

The compensation committee set Watts’ CEO pay effective July 16, 2026, including a $650,000 base salary, prorated for 2026.

The package also includes quarterly cash incentives tied to pre-tax income growth, plus supplemental ROA-based incentives; no additional 2026 equity awards.

Amended filing updates leadership transition details

Fastenal filed an amended Form 8-K to update its earlier report on leadership transition actions tied to Jeffery M. Watts.

Sources

Fastenal amends 8-K to name Jeffery Watts as director ahead of CEO transition

Sec

Fastenal amends 8-K to name Jeffery Watts as director ahead of CEO transition

Board and compensation terms for Watts

Amended filing updates leadership transition details

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Fastenal amends 8-K to name Jeffery Watts as director ahead of CEO transition

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