Global Net Lease, Inc. (NYSE:GNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On July 12, 2017, the Board, with James Nelson abstaining, unanimously approved the appointment of James Nelson, currently a member of the Board, as chief executive officer and president of the Company and the Advisor, effective on or about August 15, 2017.
Mr. Nelson, 67, has served as an independent director, as chairman of the Company’s audit committee and as a member of the nominating and corporate governance committee and conflicts committee since March 2017. Mr. Nelson was the Company’s “audit committee financial expert” as defined by Item 407(d)(5) of Regulation S-K. Effective upon his appointment as chief executive officer and president, Mr. Nelson will resign from all committees of the Board. Mr. Nelson will continue to serve as a member of the Board. There are no related party transactions involving Mr. Nelson that are reportable under Item 404(a) of Regulation S-K.
| Item 7.01. | Regulation FD Disclosure. |
On July 12, 2017, the Company issued a press release, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Such press release shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press release dated July 12, 2017. |
Global Net Lease, Inc. ExhibitEX-99.1 2 v470725_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Global Net Lease,…To view the full exhibit click here
About Global Net Lease, Inc. (NYSE:GNL)
Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties. The Company owns approximately 330 net-leased commercial properties consisting of over 18.7 million rentable square feet. The Company has approximately 270 properties located in the United States and Puerto Rico, over 40 properties located in the United Kingdom and approximately 20 properties located across continental Europe. Its portfolio of real estate properties includes McDonald’s, Wickes Building Supplies I, Thames Water, Northern Rock, Con-way Freight, Western Digital, GE Aviation, DFS Trading, Talk Talk, GSA IV, Nissan, Select Energy Services I and Lhoist.
