Fastenal Company (FAST) Shareholder/Analyst Call Transcript

Scott Satterlee

Good morning, everybody, and welcome to Fastenal’s 2026 Annual Meeting of Shareholders. My name is Scott Satterlee, Chair of the Board. And first off, I’d like to thank and appreciate the global Fastenal Blue Team for that intro video. Before we move on to official business, actually, I want to make sure I thank everybody here for taking the time as well as those watching on the webcast. We appreciate your connection and your investment in Fastenal. So thank you very much.

Before we move on to official business, I would like to introduce Pastor Mark Dumke, the retired pastor of Faith Lutheran Church to lead the invocation.

Mark Dumke

Thank you, Scott, for the invitation. And friends, it’s good to be here with you again this morning. I’m thinking of 2 words this morning, gratitude and confidence. Dan, I’ve known you since you moved to town in 1996. And with your wife, Jenny, and your 4 wonderful kids who have now grown to be outstanding adults. It’s been a pleasure to watch you and Fastenal and your family grow. Likewise, it’s been a pleasure, along with all of you to watch the growth of Fastenal all of these years. I am grateful for your integrity and for your leadership and stewardship of the Fastenal company, especially as CEO these past 10 years. Congratulations.

I’m also confident in the ability of Fastenal to continually raise up leaders who are the best in the industry. I’m confident in your successor, Jeff Watts, who will build on your