Fastenal Company (FAST)

About Fastenal Company (FAST)

Company Description:


Fastenal Company is a prominent player in the industrials sector, specializing in industrial distribution. The company offers a broad range of products and services, from fasteners and tools to safety and janitorial supplies, across a wide spectrum of industries.

Founded in 1967 by Bob Kierlin and four friends in Winona, Minnesota, Fastenal has grown from a small-town fastener shop into a major global distributor. The company is known for its strong customer service focus and an extensive network of localized branches.


Main Product(s):


Fastenal's core products include various types of fasteners and related industrial supplies. Additionally, the company provides a range of services like inventory management, manufacturing, and supply chain solutions.


Short History of Fastenal Company:


  • 1967 – Fastenal was founded in Winona, Minnesota.
  • 1987 – The company went public, listed on NASDAQ.
  • 2000s – Expansion into new markets, including Canada and Mexico.
  • 2011 – Fastenal opened its 2,500th store.
  • 2016 – Introduction of Fastenal's industrial vending machine solutions.
  • 2020 – Played a crucial role in supply chain management during the COVID-19 pandemic.

Key Executives:

NameTitlePayExercisedYear Born
Mr. Daniel L. FlornessPresident, CEO & Director4.82MN/A1963
Mr. Holden LewisSenior EVP & CFO2.06MN/A1969
Mr. Charles S. MillerSenior Executive Vice President of Sales2.1M721.4k1974
Ms. Sheryl Ann LisowskiExecutive VP, Chief Accounting Officer & Treasurer262.89k442.13k1967
John J. MilekVP & General CounselN/AN/AN/A
Mr. Jeffery Michael WattsChief Sales Officer1.38M1.46M1972
Ms. Noelle Joan Oas J.D.Executive VP of Human ResourcesN/AN/AN/A
Mr. James C. JansenExecutive Vice President of Manufacturing750.04k821.35k1970
Mr. John Lewis SoderbergSenior Executive Vice President of Information TechnologyN/AN/A1971
Mr. William Joseph DrazkowskiExecutive Vice President of Sales1.13M751.32k1971

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