Global Net Lease Announces Director Changes and Officer Compensation

TL;DR

GNL board shakeup: new directors in, Weil out. Officer pay details disclosed.

AI Summary

Global Net Lease, Inc. announced on January 21, 2025, the departure of Director Michael Weil and the appointment of new directors, including Steven M. Cordes, Robert J. D'Loren, and Steven J. Guttman. The company also disclosed compensatory arrangements for certain officers, details of which are included in the filing.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Director departures and changes in executive compensation can sometimes indicate underlying issues or strategic shifts that warrant closer investor scrutiny.

Key Players & Entities

• Global Net Lease, Inc. (company) — Filer
• Michael Weil (person) — Departing Director
• Steven M. Cordes (person) — Appointed Director
• Robert J. D'Loren (person) — Appointed Director
• Steven J. Guttman (person) — Appointed Director

FAQ

Key Financial Figures

• $0.01 — e on which registered Common Stock, $0.01 par value per share GNL New York St
• $12 billion — fficiency. Mr. Kravel has executed over $12 billion in capital markets transactions and mor
• $25 billion — ital markets transactions and more than $25 billion in M&A transactions. Mr. Kravel graduat
• $415,000 — s: a base salary at an annual rate of $415,000, subject to upwards adjustment based on

Filing Documents

• tm254303d1_8k.htm (8-K) — 49KB
• tm254303d1_ex10-1.htm (EX-10.1) — 140KB
• 0001104659-25-005994.txt ( ) — 458KB
• gnl-20250121.xsd (EX-101.SCH) — 3KB
• gnl-20250121_def.xml (EX-101.DEF) — 28KB
• gnl-20250121_lab.xml (EX-101.LAB) — 38KB
• gnl-20250121_pre.xml (EX-101.PRE) — 26KB
• tm254303d1_8k_htm.xml (XML) — 9KB

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Operating Officer On January 21, 2025, Global Net Lease, Inc.'s (the "Company") board of directors (the "Board") appointed Ori Kravel, the Company's current Senior Vice President of Corporate Development, as Chief Operating Officer, effective January 23, 2025. In his role as Senior Vice President of Corporate Development, which he has held since the Company's internalization in September 2023, Mr. Kravel, 35, has overseen key areas of the Company's overall business strategy and operations. His responsibilities have included overseeing capital markets, M&A and executing strategic transactions. Mr. Kravel joined AR Global Investments, LLC ("AR Global"), the parent company of the Company's former advisor and property manager, in 2011 and has 14 years of experience in debt and equity transactions, mergers and acquisitions, and driving operational efficiency. Mr. Kravel has executed over $12 billion in capital markets transactions and more than $25 billion in M&A transactions. Mr. Kravel graduated with a bachelor's degree in Business Administration, Real Estate and Urban Economics from the Wisconsin School of Business at the University of Wisconsin-Madison. Employment Agreement with Ori Kravel In connection with Mr. Kravel's appointment to Chief Operating Officer, on January 23, 2025, the Company entered into an employment agreement (the "Employment Agreement") with Mr. Kravel, which agreement became effective as of January 23, 2025. The Employment Agreement may be terminated by the Company with or without "cause" (as defined therein), or by Mr. Kravel with or without "good reason" (as defined therein), in each case subject to written notice in accordance with the terms thereof. The Employment Agreement also terminates automatically upon the death or disability of Mr. Kravel. Pursuant to

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No Description 10.1* Employment Agreement, dated as of January 23, 2025, by and between Global Net Lease, Inc. and Ori Kravel. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. *Pursuant to Item 601(a)(5) of Regulation S-K, schedules and similar attachments to this exhibit have been omitted because they do not contain information material to an investment or voting decision and such information is not otherwise disclosed in such exhibit. The Company will supplementally provide a copy of any omitted schedule or similar attachment to the U.S. Securities and Exchange Commission or its staff upon request.

SIGNATURES

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. GLOBAL NET LEASE, INC. Date: January 24, 2025 By: /s/ Edward M. Weil, Jr. Name: Edward M. Weil, Jr. Title: Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR