Fastenal said the Board of Directors appointed Max H. Tunnicliff as Chief Financial Officer and Senior Executive Vice President on October 30, 2025, effective November 10, 2025.

1. 01

   Fastenal said the Board of Directors appointed Max H. Tunnicliff as Chief Financial Officer and Senior Executive Vice President on October 30, 2025, effective November 10, 2025.

2. 02

   The company said Tunnicliff, 47, has served as chief financial officer of Beko Europe since January 2024, and previously held the positions of head of internal audit and VP of strategy and chief financial officer of the Asia Pacific region at Whirlpool, and spent 7 years at Deloitte.

3. 03

   Fastenal said Tunnicliff's annual base salary is $430,000, a signing bonus of $225,000 will be paid in Q4 2025, no stock options will be granted in connection with his appointment, and he will be considered for stock option awards of approximately $1.2 million in 2026.

4. 04

   The company said Sheryl A. Lisowski's appointment as Interim Chief Financial Officer, which she has held since April 17, 2025, will be discontinued effective November 10, 2025, and she will continue to serve as Executive Vice President, Chief Accounting Officer, and Treasurer, with her compensation remaining unchanged through the end of 2025.

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