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[8-K] Four Corners Property Trust, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Four Corners Property Trust (FCPT) entered into indemnification agreements with each of its independent directors, effective November 5, 2025. The agreements commit FCPT to indemnify these directors to the maximum extent permitted under Maryland law and the company’s charter, and to advance expenses in covered proceedings upon receipt of required affirmations and undertakings.

The filing notes that indemnification for liabilities arising under the Securities Act of 1933 is, in the SEC’s view, against public policy and unenforceable. FCPT filed the form of the Indemnification Agreement as Exhibit 10.1.

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0001650132false00016501322025-11-052025-11-05

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 05, 2025

 

 

Four Corners Property Trust, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Maryland

001-37538

47-4456296

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

591 Redwood Highway

Suite 3215

 

Mill Valley, California

 

94941

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (415) 965-8030

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.0001 par value per share

 

FCPT

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 1.01 Entry into a Material Definitive Agreement.

On November 5, 2025, Four Corners Property Trust, Inc. (the “Company”) entered into an indemnification agreement with each of the Company’s independent directors effective as of November 5, 2025 (collectively, the “Indemnification Agreements”). The Indemnification Agreements provide, in general, that the Company will indemnify these individuals to the maximum extent permitted under Maryland law and the Company’s charter against liabilities that may arise by reason of their service to the Company and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified upon the Company’s receipt of certain affirmations and undertakings. Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to independent directors, we have been informed that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy and is therefore unenforceable. The foregoing description of the Indemnification Agreements is only a summary and is qualified in its entirety by reference to the form of Indemnification Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

No.

Exhibit Description

10.1

Form of Indemnification Agreement

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

FOUR CORNERS PROPERTY TRUST, INC.

 

 

 

 

Date:

November 6, 2025

By:

/s/ JAMES L. BRAT

 

 

 

James L. Brat
Chief Operations Officer, General Counsel and Secretary

 


FAQ

What did FCPT (NYSE: FCPT) disclose in this 8-K?

FCPT entered into indemnification agreements with each independent director, effective November 5, 2025, and filed the form as Exhibit 10.1.

Who is covered by FCPT’s new indemnification agreements?

Each of the company’s independent directors is covered.

What protections do the agreements provide?

They provide indemnification to the fullest extent allowed by Maryland law and the company’s charter, and advancement of expenses with required affirmations and undertakings.

Does FCPT advance legal expenses for directors?

Yes. FCPT will advance expenses for proceedings where indemnification could apply, subject to affirmations and undertakings.

How does the Securities Act affect these agreements?

The SEC’s opinion is that indemnification for liabilities under the Securities Act of 1933 is against public policy and unenforceable.

When did the agreements become effective?

They are effective as of November 5, 2025.

Where can investors find the agreement’s text?

In Exhibit 10.1, the Form of Indemnification Agreement, included with the filing.
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