4 unchanged sentences
Attestation Report of Independent Registered Public Accounting Firm
−Removed: The attestation report required under this item is contained earlier in this Form 10-K under the heading 'Item 8, Financial Statements and Supplementary Data'.
+Added: The attestation report required under Item 9A is contained earlier in this Form 10-K under the heading 'Item 8, Financial Statements and Supplementary Data'.
Management's Annual Report on Internal Control Over Financial Reporting
15 unchanged sentences
Florness Holden Lewis
−Removed: President and Chief Executive Officer Executive Vice President and Chief Financial Officer
+Added: President and Chief Executive Officer Senior Executive Vice President and Chief Financial Officer
Winona, Minnesota
16 unchanged sentences
Jansen 1992 52 Executive Vice President – Manufacturing
−Removed: Holden Lewis 2016 52 Executive Vice President and Chief Financial Officer
+Added: Holden Lewis 2016 53 Senior Executive Vice President and Chief Financial Officer
Lisowski 1994 55 Executive Vice President – Chief Accounting Officer and Treasurer
6 unchanged sentences
From December 2002 to December 2015, Mr.
−Removed: Florness was an executive vice president and our chief financial officer.
+Added: Florness was our executive vice president and chief financial officer.
From June 1996 to November 2002, Mr.
21 unchanged sentences
Jansen served as regional vice president of our Texas based region.
−Removed: Lewis has been our executive vice president and chief financial officer since August 2016.
−Removed: From April 2016 to July 2016, Mr.
−Removed: Lewis was a senior vice president/equity research-industrial technology with FBR Capital Markets & Co.
−Removed: (a full-service investment bank).
−Removed: From September 2014 to January 2016, Mr.
−Removed: Lewis was a managing director/equity research-industrial technology with Oppenheimer & Co Inc.
−Removed: (a full-service investment bank).
−Removed: From August 2002 to August 2014, Mr.
−Removed: Lewis was a managing director/equity research-industrial manufacturing & distribution with BB&T Capital Markets, a division of BB&T Securities LLC (a full-service investment bank).
−Removed: Prior to August 2002, Mr.
−Removed: Lewis held similar roles with various other organizations since 1994.
−Removed: In each of Mr.
−Removed: Lewis' positions prior to joining Fastenal, he was responsible for studying the strategic and financial direction of companies for the purpose of making investment recommendations to institutional clients.
+Added: Lewis has been our senior executive vice president and chief financial officer of Fastenal since December 2022.
+Added: As chief financial officer, Mr.
+Added: Lewis manages the company’s finance, accounting and audit functions, and plays a central role in effectively executing and communicating company strategy, with a concentration on profitability, efficiency, and assets.
+Added: He also oversees the company’s M&A and Investor Relations efforts.
+Added: From August 2016 to December 2022, Mr.
+Added: Lewis served as our executive vice president and chief financial officer.
+Added: He joined the company following a long career as a senior equity analyst covering industrials, including Fastenal, for full-service investment banks.
+Added: Lewis held various senior roles with a variety of organizations in the investment banking industry from 1994 to July 2016.
Lisowski has been our executive vice president - chief accounting officer and treasurer since December 2020.
14 unchanged sentences
Owen has been our senior executive vice president – sales operations since January 2016.
−Removed: Owen's responsibilities include oversight of our eCommerce, marketing, national accounts sales, government sales, FAST Solutions ® (Onsite and FMI), our Mansco division, manufacturing, distribution, transportation, product development, supplier development, procurement, and supply chain.
+Added: Owen's responsibilities include oversight of our eCommerce, marketing, national accounts sales, government sales, FAST Solutions ® (Onsite and FMI), manufacturing, distribution, transportation, product development, supplier development, procurement, and supply chain.
From July 2015 to December 2015, Mr.
22 unchanged sentences
Watts served in various sales leadership roles at our company.
−Removed: Wisecup has been our senior executive vice president – human resources since December 2016.
+Added: Wisecup has been our senior executive vice president – human resources from December 2016 through February 2023, when she will retire from that position.
From November 2007 to December 2016, Ms.
45 unchanged sentences
3.2 Restated By-Laws of Fastenal Company (incorporated by reference to Exhibit 3.2 to Fastenal Company's Form 8-K dated as of January 17, 2019)
−Removed: 4.1 Form of Senior Notes due July 20, 2022 (incorporated by reference to Exhibit 4.2 to Fastenal Company ' s Form 8‑K dated as of July 20, 2016)
4.1 Form of Senior Notes due March 1, 2024 (incorporated by reference to Exhibit 4.1 to Fastenal Company's Form 10-Q for the quarter ended March 31, 2017)
8 unchanged sentences
10.3 Fastenal Company Incentive Plan (incorporated by reference to Appendix A to Fastenal Company's Proxy Statement dated February 23, 2012)*
−Removed: 10.4 Fastenal Company Non-Employee Director Stock Option Plan (incorporated by reference to Exhibit 99 to Fastenal Company ' s Registration Statement on Form S-8 filed on April 25, 2018).*
−Removed: 10.5 Credit Agreement, dated as of May 1, 2015, among Fastenal Company, the Lenders from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and Issuing Lender (incorporated by reference to Exhibit 10.1 to Fastenal Company ' s Form 8-K dated May 5, 2015).
−Removed: 10.6 First Amendment to Credit Agreement, dated as of November 23, 2015, among Fastenal Company, the Lenders from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to Fastenal Company ' s Form 8-K dated November 25, 2015).
−Removed: 10.7 Second Amendment to Credit Agreement, dated as of March 10, 2017, by and among Fastenal Company, the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to Fastenal Company ' s Form 8-K dated as of March 14, 2017).
−Removed: Exhibit Number Description of Document
−Removed: 10.8 Third Amendment to Credit Agreement dated as of November 30, 2018 among Fastenal Company, the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to Fastenal Company ' s Form 8‑K dated December 3, 2018).
+Added: 10.4 Fastenal Company Non-Employee Director Stock Option Plan as amended and restated effective December 20, 2021.*
+Added: 10.5 Amended and Restated Credit Agreement, dated as of September 28, 2022, by and among Fastenal Company, the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to Fastenal Company's Form 8-K dated as of September 30, 2022).
+Added: 10.6 First Amendment to Amended and Restated Credit Agreement, dated as of January 20, 2023, by and among Fastenal Company, the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent.
10.7 Master Note Agreement dated as of July 20, 2016 by and among (i) Fastenal Company, (ii) Metropolitan Life Insurance Company, NYL Investors LLC and PGIM, Inc.
(formerly known as Prudential Investment Management, Inc.), as investor group representatives (each, an 'Investor Group Representative'), and (iii) Metropolitan Life Insurance Company (in its capacity as a purchaser of notes under such Master Note Agreement) and/or affiliates of any Investor Group Representative who become purchasers of notes under such Master Note Agreement (incorporated by reference to Exhibit 10.1 to Fastenal Company’s Form 8-K dated as of July 20, 2016).
+Added: Exhibit Number Description of Document
10.8 Omnibus First Amendment to Master Note Agreement and Subsidiary Guaranty Agreement dated as of November 30, 2018 by and among Fastenal Company, Fastenal Company Purchasing, and Fastenal IP Company, on one hand, and Metropolitan Life Insurance Company, NYL Investors LLC, PGIM, Inc., and each holder of Notes that are signatory thereto, on the other hand (incorporated by reference to Exhibit 10.2 to Fastenal Company's Form 8-K dated December 3, 2018).
1 unchanged sentence
and each holder of Notes that are signatory thereto, on the other hand (incorporated by reference to Exhibit 10.1 to Fastenal Company's Form 10-Q for the quarter ended June 30, 2020).
+Added: 10.10 Omnibus Second Amendment to Master Note Agreement and Subsidiary Guaranty Agreement dated as of September 28, 2022 by and among Fastenal Company, Fastenal Company Purchasing, and Fastenal IP Company, on one hand, and Metropolitan Life Insurance Company, MetLife Investment Management, LLC, NYL Investors LLC, PGIM, Inc., and each holder of Notes that is a signatory thereto, on the other hand (incorporated by reference to Exhibit 10.2 to Fastenal Company's Form 8-K dated as of September 30, 2022).
21 List of Subsidiaries
6 unchanged sentences
* Management contract or compensatory plan or arrangement required to be filed as an exhibit to this Form 10-K pursuant to Item 15(b).
−Removed: FORM 10-K SUMMARY
−Removed: Not applicable.
FASTENAL COMPANY
3 unchanged sentences
Description Balance at
−Removed: of Year "Additions"
+Added: of Year "Additions/(Reductions)" to
Expenses "Other"
13 unchanged sentences
See accompanying Report of Independent Registered Public Accounting Firm incorporated herein by reference.
+Added: FORM 10-K SUMMARY
+Added: Not applicable.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
7 unchanged sentences
Florness /s/ Holden Lewis
−Removed: Florness, President and Chief Executive Officer (Principal Executive Officer), and Director Holden Lewis, Executive Vice President and Chief Financial Officer (Principal Financial Officer)
+Added: Florness, President and Chief Executive Officer (Principal Executive Officer), and Director Holden Lewis, Senior Executive Vice President and Chief Financial Officer (Principal Financial Officer)
/s/ Sheryl A.
17 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.