Is my build compatible? And will I need thermal paste and other fans for the case? http://pcpartpicker.com/user/Pay_Pal_/saved

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Hey Guys! I just need to know if this is all compatible. Thank you very much :D
CPU: Intel Core i5-4690K 3.5GHz Quad-Core
GPU: Sapphire Radeon R9 290X 4GB Tri-X
Motherboard: ASRock Z97 PRO4 ATX LGA1150
RAM: A-Data XPG V1.0 8GB (2 x 4GB) DDR3-1600
HDD: Seagate Barracuda 1TB 3.5" 7200RPM
PSU: Corsair 600W ATX12V
Optical Drive: Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer
OS: Microsoft Windows 7 Home Premium SP1 (OEM) (64-bit)
 

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And if I put a i5-4690 instead of the K?