Net Lease Office Properties (NYSE: NLOP) investors approve trustees, Termination Authority and PwC
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Net Lease Office Properties held its reconvened annual shareholder meeting on June 25, 2026, where investors voted on board elections and key proposals. Two Class II trustees, John J. Park and Richard J. Pinola, were elected for one-year terms ending at the 2027 annual meeting.
On the April 13, 2026 record date, 14,814,075 common shares were outstanding and entitled to vote. Shareholders also approved the Termination Authority Proposal and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares entitled to vote: 14,814,075 shares
Votes for John J. Park: 9,743,134 votes
Votes for Richard J. Pinola: 9,770,488 votes
+4 more
7 metrics
Shares entitled to vote
14,814,075 shares
Common shares outstanding and entitled to vote as of April 13, 2026
Votes for John J. Park
9,743,134 votes
Proposal One, election of Class II trustee
Votes for Richard J. Pinola
9,770,488 votes
Proposal One, election of Class II trustee
Termination Authority Proposal support
9,931,786 votes for
Proposal Two shareholder vote outcome
Termination Authority broker non-votes
2,555,118 votes
Proposal Two broker non-votes
PwC ratification votes for
12,545,731 votes
Proposal Three, auditor ratification
PwC ratification broker non-votes
0 votes
Proposal Three broker non-votes
Key Terms
Broker non-votes, independent registered public accounting firm, Annual Meeting, Termination Authority Proposal, +1 more
5 terms
Broker non-votes financial
"NAME OF NOMINEE | FOR | AGAINST | ABSTAIN | BROKER NON-VOTES"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Annual Meeting regulatory
"reconvened on June 25, 2026 (the “Annual Meeting”)."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Termination Authority Proposal regulatory
"Proposal Two. The Termination Authority Proposal."
definitive proxy statement regulatory
"its definitive proxy statement on Schedule 14A and related materials"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
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): June 25, 2026
(Exact Name of Registrant as Specified in its Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (844 ) 656-7348
(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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 5.07 — Submission of Matters to a Vote of Security Holders.
The annual meeting of the shareholders of Net Lease Office Properties (the “Company” or “NLOP”) was convened and adjourned on June 12, 2026 and reconvened on June 25, 2026 (the “Annual Meeting”). The Company previously filed its preliminary proxy statement on Schedule 14A on April 2, 2026 and its definitive proxy statement on Schedule 14A and related materials pertaining to this meeting with the Securities and Exchange Commission on April 16, 2026 (together, the “Proxy Statement”). The shareholders of the Company voted on the following three proposals at the Annual Meeting, each of which is more fully described in the Proxy Statement. On the record date of April 13, 2026, 14,814,075 common shares were outstanding and entitled to vote at the Annual Meeting.
Set forth below are the final voting results from the Annual Meeting.
Proposal One. The election of two Class II Trustees for a One-Year Term listed in the Company’s Proxy Statement and set forth below to the Board of Trustees of the Company, each to serve until the 2027 annual meeting of shareholders.
| NAME OF NOMINEE | FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||||
| John J. Park | 9,743,134 | 330,644 | 60,529 | 2,555,118 | ||||||||||
| Richard J. Pinola | 9,770,488 | 302,568 | 61,251 | 2,555,118 | ||||||||||
Proposal Two. The Termination Authority Proposal.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 9,931,786 | 138,589 | 63,932 | 2,555,118 | ||||||||
Proposal Three. The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | ||||||||
| 12,545,731 | 93,974 | 49,720 | 0 | ||||||||
Item 9.01 — Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 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, thereunto duly authorized.
| Net Lease Office Properties | |||||||||||
| Date: | June 25, 2026 | By: | /s/ Susan C. Hyde | ||||||||
| Susan C. Hyde | |||||||||||
| Chief Administrative Officer and Corporate Secretary | |||||||||||
FAQ
Were Net Lease Office Properties (NLOP) trustee nominees elected at the 2026 meeting?
Yes. John J. Park and Richard J. Pinola were elected as Class II trustees for one-year terms ending at the 2027 annual meeting. Both received significantly more votes “for” than “against,” with additional broker non-votes recorded.
Was PricewaterhouseCoopers LLP ratified as NLOP’s independent auditor for 2026?
Yes. Shareholders ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026, with 12,545,731 votes “for,” 93,974 “against,” and 49,720 abstentions, and no broker non-votes on this auditor ratification item.
When was the Net Lease Office Properties (NLOP) 2026 annual meeting held and reconvened?
The annual meeting was convened and adjourned on June 12, 2026, then reconvened on June 25, 2026. Final voting results reported for trustee elections, the Termination Authority Proposal, and auditor ratification reflect outcomes from the reconvened session.