On February 16, 2024, Fastenal Company filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, requesting that the board take each step necessary so that each voting requirement in the Company charter and bylaws that calls for a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws, submitted by John Chevedden at the Company?s annual shareholders meeting scheduled to be held on April 25, 2024.