Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On August 24, 2020, Mr. Stephen A. Horn was promoted from his current role as
Executive Vice President and Chief Acquisition Officer to the role of Executive
Vice President and Chief Operating Officer of National Retail Properties, Inc.
(the "Company").
Mr. Horn, age 48, has served as Executive Vice President and Chief Acquisition
Officer of the Company since January 2014. Prior to being named Executive Vice
President and Chief Acquisition Officer, Mr. Horn served as Senior Vice
President of Acquisitions of the Company from June 2008 to December 2013, and as
Vice President of Acquisitions of the Company from 2003 to 2008. Prior to 2003,
Mr. Horn worked in the mergers and acquisitions group at A.G. Edwards & Sons in
St. Louis, Mo.
In connection with Mr. Horn's promotion to Executive Vice President and Chief
Operating Officer, he will receive a one-time grant of 10,000 shares of the
Company's common stock, par value $0.01 per share (the "Restricted Stock"),
subject to vesting. The Restricted Stock will vest on August 24, 2023, assuming
Mr. Horn's continued employment with the Company through such date, or earlier
if his employment is terminated by the Company other than for cause or by
Mr. Horn for good reason.
There are no family relationships between Mr. Horn and any director or executive
officer of the Company, there is no arrangement or understanding between
Mr. Horn and any other person pursuant to which he was selected as an officer,
and there are no relationships or related transactions between Mr. Horn and the
Company that would be required to be reported under Item 404(a) of Regulation
S-K.
Item 7.01. Regulation FD Disclosure.
On August 24, 2020, the Company issued a press release announcing the
appointment of Mr. Horn as Executive Vice President and Chief Operating Officer.
The entire text of the press release is attached as Exhibit 99.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
The information contained in this Item 7.01, including the related information
set forth in the press release attached hereto and incorporated by reference
herein, is being "furnished" and shall not be deemed "filed" 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 Section 18 of the Exchange
Act. The information in this Item 7.01 shall not be incorporated by reference
into any registration statement or other document pursuant to the Securities Act
of 1933, as amended, or into any filing or other document pursuant to the
Exchange Act, except as otherwise expressly stated in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated August 24, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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