Fastenal director Nicholas Lundquist leaves board under term limit; Brady Ericson elected
Fastenal director Nicholas J. Lundquist, who has served since October 2019, will not stand for re-election and is ineligible to continue under the company's five-year term limit for former employees. The board elected Brady D. Ericson, CEO of PHINIA Inc., as an independent director and to the Audit Committee, keeping the board at eleven members. The change is routine board succession and the filing reports no disagreements with the company.
Key points
- Nicholas J. Lundquist's board service ends effective January 16, 2025; he joined Fastenal in March 1979 and served as a director since October 2019
- Brady D. Ericson elected independent director effective January 16, 2025, with a term to the next annual shareholder meeting
- Ericson also appointed to the Audit Committee; board size remains at eleven
- Ericson has been President and CEO of PHINIA Inc. since July 2023
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.