On August 13, 2021, the Board of Directors of Fastenal Company elected as a director of the Company Ms. Sarah N. Nielsen, effective on August 16, 2021, increasing the number of directors on the Board from nine to ten on this date. Ms. Nielsen was elected to serve as an independent director until the Company's next annual meeting of shareholders or until her successor is duly elected and qualified. The Board appointed Ms. Nielsen to serve on the Audit Committee of the Company effective on August 16, 2021. Ms. Nielsen currently serves as the Chief Financial Officer of First Citizens Bank in Mason City, IA.