Fastenal Company Announces Two-For-One Stock Split
April 18 2019 - 4:05PM
Fastenal Company (Nasdaq:FAST) announced today that its board of
directors approved a two-for-one stock split of the Company's
outstanding common stock.
Holders of the Company's common stock of record at the close of
business on May 2, 2019, will receive one additional share of
common stock for every share of common stock they own. The stock
split will take effect at the close of business on May 22,
2019.
About Fastenal
Fastenal helps customers simplify and realize
product and process savings across their supply chain. We sell a
broad offering of products spanning more than nine major product
lines – from fasteners and tools to safety and janitorial supplies.
These products are efficiently distributed to manufacturing
facilities, job sites, and other customer locations through local
service teams and point-of-use inventory solutions, including
industrial vending technology and bin stock programs (Fastenal
Managed Inventory, or FMI®). Our distribution system centers on
approximately 3,100 in-market locations (a combination of public
branches and customer-specific Onsite locations), primarily in
North America but also in Asia, Europe, and Central and South
America, each providing tailored inventory, flexible service, and
custom solutions to drive the unique goals of local customers.
These in-market servicing locations are supported by 14 regional
distribution centers, a captive logistics fleet, robust sourcing,
quality and manufacturing resources, and multiple teams of industry
specialists and support personnel – all working toward Fastenal’s
common goal of Growth Through Customer Service®.
Additional information regarding Fastenal is available on the
Fastenal Company website at www.fastenal.com.
FAST-G
CONTACT: |
Ellen Stolts |
|
Financial Reporting
& Regulatory Compliance Manager |
|
507.313.7282 |
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