NETSTREIT names Matthew Fennewald chief accounting officer
NETSTREIT Corp. named Matthew Fennewald as Senior Vice President and Chief Accounting Officer after a mutually agreed leadership change in its principal accounting role.
Rhea-AI Filing Summary
NETSTREIT Corp. (NTST) announced that, effective September 1, 2026, Sofia Chernylo ceased serving as Senior Vice President, Chief Accounting Officer and principal accounting officer pursuant to a mutual agreement with the company. The company stated that her departure is not due to any disagreement regarding accounting principles, financial statement disclosure, or internal controls.
The Board of Directors appointed Matthew Fennewald
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective date of leadership change: September 1, 2026
Age of new principal accounting officer: 36 years
Service at NETSTREIT as Vice President, Corporate Controller: Since February 2024
+2 more
5 metrics
Effective date of leadership change
September 1, 2026
Date when Sofia Chernylo ceased serving and Matthew Fennewald assumed the Chief Accounting Officer and principal accounting officer roles
Age of new principal accounting officer
36 years
Age of Matthew Fennewald at the time of his appointment
Service at NETSTREIT as Vice President, Corporate Controller
Since February 2024
Start date of Fennewald’s role as Vice President, Corporate Controller before this appointment
Service at PricewaterhouseCoopers LLP
2015–2020
Period during which Fennewald held various positions at PricewaterhouseCoopers LLP
Service at Crowe Horwath LLP
2012–2015
Period during which Fennewald held positions at Crowe Horwath LLP
Key Terms
principal accounting officer, emerging growth company, Regulation S-K, Item 404(a), +1 more
5 terms
principal accounting officer financial
"designated as principal accounting officer of the Company"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Regulation S-K regulatory
"required to be reported under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Item 404(a) regulatory
"any transaction or proposed transaction required to be reported under Item 404(a)"
Certified Public Accountant financial
"Mr. Fennewald is a licensed Certified Public Accountant"
A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.
FAQ
What executive change did NETSTREIT Corp. (NTST) disclose on September 1, 2026?
NETSTREIT Corp. disclosed that, effective September 1, 2026, Sofia Chernylo no longer serves as Senior Vice President, Chief Accounting Officer and principal accounting officer, and that the change was mutually agreed between her and the company.
Who is the new Chief Accounting Officer at NETSTREIT Corp. (NTST)?
NETSTREIT Corp. appointed Matthew Fennewald as Senior Vice President and Chief Accounting Officer and designated him as principal accounting officer, effective September 1, 2026, following his prior roles as Vice President, Corporate Controller and other controller positions at the company.
What is the background of NETSTREIT Corp.’s (NTST) new principal accounting officer, Matthew Fennewald?
Matthew Fennewald, age 36, joined NETSTREIT in 2020 and has served as Financial Reporting Manager, Corporate Controller, Director, Corporate Controller and Vice President, Corporate Controller. He previously worked at PricewaterhouseCoopers LLP and Crowe Horwath LLP and is a licensed Certified Public Accountant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
