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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer.

Appointment of Director

On March 23, 2017, James Nelson was elected as a member of the board of directors (the “Board”) of Global Net Lease, Inc. (the “Company”) to serve as a director effective immediately. In connection with this election as independent director, Mr. Nelson was also appointed to the audit committee of the Board, for which he will act as chair, the conflicts committee of the Board and the nominating and governance committee of the Board. Simultaneously with the appointment of Mr. Nelson, the Board took action to increase the number of directors constituting the entire board to six directors to the Company’s bylaws. There are no related party transactions involving Mr. Nelson that are reportable under Item 404(a) of Regulation S-K.

Mr. Nelson will participate in the Company’s compensation program for independent directors which is described in the Company’s definitive proxy statement on Schedule 14A filed with the United States Securities and Exchange Commission (the “SEC”) on April 29, 2016, except that for the period through the 2017 annual meeting of shareholders, Mr. Nelson will receive as an annual retainer only the prorated portion of the cash portion of the annual retainer and the prorated portion of the cash portion of the compensation as a member of the Board’s committees, in addition to other compensation under policies applicable to the independent directors.

Indemnification Agreement

In connection with the election of Mr. Nelson as a director of the Company, the Company intends to enter into an indemnification agreement (the “Indemnification Agreement”) with him in the same form as the indemnification agreements the Company has entered into with its other directors and officers. Under the Indemnification Agreement, Mr. Nelson will be indemnified by the Company to the maximum extent permitted by Maryland law for certain liabilities and will be advanced certain expenses that have been incurred as a result of actions brought, or threatened to be brought, against him as a director of the Company as a result of his service, subject to the limitations set forth in the Indemnification Agreement.

The foregoing description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnification Agreement, which will be filed by the Company as an exhibit to a future filing with the SEC.

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.

Global Net Lease, Inc. (NYSE:GNL) Recent Trading Information

Global Net Lease, Inc. (NYSE:GNL) closed its last trading session up +0.12 at 23.70 with 454,445 shares trading hands.