NATIONAL RETAIL PROPERTIES, INC. (NYSE:NNN) 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 Officers.
On February 11, 2019, the Board of Directors (the “Board”) of National Retail Properties, Inc. (the “Company”) appointed, to the recommendation of the Governance and Nominating Committee, Betsy D. Holden to the Board of the Company, effective February 11, 2019.
Ms. Holden, 63, is a Senior Advisor to McKinsey & Company and served as President, Global Marketing and Category Development as well as Co-Chief Executive Officer of Kraft Foods, Inc. Ms. Holden has extensive corporate governance experience having served on the board of directors of eight public companies over the last 20 years. Ms. Holden currently serves on the board of directors of Dentsply Sirona and Western Union as well as Lyons Magnus, a private company. She is also a member of the executive committee of Duke University’s Board of Trustees and serves on the Global Advisory Board of Northwestern University’s Kellogg School of Management.
The Board is expected to appoint Ms. Holden to serve on both the Audit Committee and Compensation Committee.
Ms. Holden was awarded $54,500 in cash and stock at the effective date of her appointment to the Board. No other plan, contract or other arrangement was entered into at the time of her appointment or otherwise exists between Ms. Holden and the Company.
Item 5.02. Regulation FD Disclosure.
On February 11, 2019, the Company issued a press release announcing the appointment of Ms. Holden described above in Item 5.02. The press release is being furnished and shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of such section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 5.02. Financial Statements and Exhibits.
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99.1 |
Press Release, dated February 11, 2019
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NATIONAL RETAIL PROPERTIES, INC. Exhibit
EX-99.1 2 a991pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NEWS RELEASEFor information contact:Kevin B. HabichtChief Financial Officer(407) 265-7348 FOR IMMEDIATE RELEASEFebruary 11,…
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About NATIONAL RETAIL PROPERTIES, INC. (NYSE:NNN)
National Retail Properties, Inc. is a real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are held for investment. The Company owns over 2,050 Properties with a gross leasable area of approximately 24,964,000 square feet, located in approximately 50 states. The Company’s portfolio includes convenience stores; automotive service; family entertainment centers; theaters; automotive parts; health and fitness; recreational vehicle dealers, parts and accessories, and banks. The Company has operations in Texas, Florida, Ohio, North Carolina, Illinois, Georgia, Virginia, Indiana and Alabama, among others. The Company owns approximately 20 vacant, un-leased Properties.
