This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fastenal Company - Shareholder/Analyst Call

Robert A. Kierlin

The board had this meeting this afternoon to hasten a resolution, which I'll read to you, whereas Monsignor James D. Habiger, Father Jim, who's been a friend, order and spiritual adviser to the founder of this for over 50 years, whereas Father Jim has endured himself with all the members of the board and the rest of the shareholders of the company [indiscernible] that James D. Habiger hereby elect [indiscernible]. And we wanted to give Father Jim something special. And I think we all know sometimes when a nut comes off your toaster or your alarm clock, it's always nice to have a spare on hand. So we have [indiscernible] for Father Jim here.

The Annual Meeting of Shareholders of Fastenal Company is now convened. I am Robert A. Kierlin, Chairman of the Board of the company. Stephen M. Slaggie will act as Secretary of the meeting, and I will act as Chairman. Also present, please stand, are Michael M. Gostomski; Willard D. Oberton; Michael J. Dolan; Reyne K. Wisecup; Michael J. Ancius; Scott A. Satterlee, who are Directors of the company; and Hugh L. Miller, Director of the company, who's currently in China, and he's viewing this meeting via webcast. Hello, Hugh.

I would first like to welcome all of you to this annual meeting. And next, I'll report on the number of shares present at this meeting, conduct the voting and results to be considered at this meeting. I'll report to you on the company's [indiscernible].

The record date for the determination of the holders of the company's common stock entitled to those -- to receive notice of and to vote at this meeting was fixed by the Board of Directors at February 22, 2012. And over here, I present to the meeting a certified list of shareholders of the company issued an outstanding common stock as of the close of business on the record date. The list will be kept open and subject to the inspection of all shareholders during this meeting.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs