Form 8-K FASTENAL CO For: Jan 14
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section�13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)�January 14, 2015
Fastenal Company
(Exact name of registrant as specified in its charter)
Minnesota | 0-16125 | 41-0948415 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
2001 Theurer Boulevard, Winona, Minnesota | 55987-1500 |
(Address of principal executive offices) | (Zip Code) |
�
Registrant's telephone number, including area code: ��(507) 454-5374
�
�
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
� | [ ��] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
� | [ ��] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
� | [ ��] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
� | [ ��] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On January 14, 2015 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
� Exhibit 99.1. � � � Press release dated January 14, 2015
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
� | � | Fastenal Company |
(Registrant) | ||
January 14, 2015 | � | /s/ � SHERYL A. LISOWSKI |
(Date) | Sheryl A. Lisowski Controller & Chief Accounting Officer | |
Exhibit Index | ||
99.1 | Press release dated January 14, 2015 | Electronically Filed |
EXHIBIT 99.1
January 14, 2015����
Fastenal Company Announces Cash Dividend
WINONA, Minn., January 14, 2015 (GLOBE NEWSWIRE) -- The Fastenal Company of Winona, MN (Nasdaq: FAST) reported its Board of Directors declared a dividend of $0.28 per share to be paid in cash on February 27, 2015 to shareholders of record at the close of business on January 30, 2015.
Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our Board of Directors intends to continue paying quarterly dividends, provided that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the Board of Directors, such as income tax rates related to dividends.
In 2015, 2014, and 2013, we paid (or declared) dividends as follows:
Year | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||
2015 | $ | 0.28 | ||||||||||||||
2014 | $ | 0.25 | $ | 0.25 | $ | 0.25 | $ | 0.25 | ||||||||
2013 | $ | 0.10 | $ | 0.20 | $ | 0.25 | $ | 0.25 | ||||||||
Dividend and stock purchase activity during the last ten years:
Total Value of | Total Number | �Per Share | ||||||||||||||||||||||||||||
�Total | Dividends per Share | Stock | of Shares | �Price of | ||||||||||||||||||||||||||
Dividend | �Dividends | Regular | ���Total | Purchased | Purchased | Stock | ||||||||||||||||||||||||
Year | Payments | Paid (000's) | Dividend | Dividend | (000's) | (000's) | Purchased | |||||||||||||||||||||||
2015 | One1 | $ | 83,003 | $ | 0.28 | $ | 0.28 | $ | $ | |||||||||||||||||||||
2014 | Four | $ | 296,581 | $ | 1.00 | $ | 1.00 | $ | 52,942 | 1,200 | $ | 44.12 | ||||||||||||||||||
2013 | Four | $ | 237,456 | $ | 0.80 | $ | 0.80 | $ | 9,080 | 200 | $ | 45.40 | ||||||||||||||||||
2012 | Five2 | $ | 367,306 | $ | 0.74 | $ | 1.24 | $ | $ | |||||||||||||||||||||
2011 | Four | $ | 191,741 | $ | 0.65 | $ | 0.65 | $ | $ | |||||||||||||||||||||
2010 | Three2 | $ | 182,814 | $ | 0.41 | $ | 0.62 | $ | $ | |||||||||||||||||||||
2009 | Two | $ | 106,943 | $ | 0.36 | $ | 0.36 | $ | 41,104 | 2,200 | $ | 18.69 | ||||||||||||||||||
2008 | Three2 | $ | 117,474 | $ | 0.26 | $ | 0.395 | $ | 25,958 | 1,180 | $ | 22.00 | ||||||||||||||||||
2007 | Two | $ | 66,216 | $ | 0.22 | $ | 0.22 | $ | 87,312 | 4,172 | $ | 20.93 | ||||||||||||||||||
2006 | Two | $ | 60,548 | $ | 0.20 | $ | 0.20 | $ | 17,294 | 948 | $ | 18.25 | ||||||||||||||||||
1� | The total dividends paid amount includes the estimated impact from this announcement. The estimate is calculated using the 296.4 million shares outstanding at September 30, 2014. |
2� | There was a supplemental dividend paid in December 2012, 2010, and 2008. |
All share and per share information reflects the two-for-one stock split in 2011.
Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies.
Fastenal operates approximately 2,700 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers; eleven in the United
States - Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, Kansas, and three outside the United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico.
Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.
The Fastenal Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6432.
This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the Board of Directors. For example, a change in business needs including working capital and funding for acquisitions, or a change in income tax law relating to dividends, could cause the Company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the Company's filings with the SEC, including our most recent annual and quarterly reports. FAST-D
CONTACT: | Ellen Trester |
Financial Reporting & Regulatory Compliance Manager | |
507.313.7282 | |