NETSTREIT Corp. filed a Form 8-K on September 3, 2026, reporting that Sofia Chernylo departed as Senior Vice President and Chief Accounting Officer effective September 1, 2026, and that Matthew Fennewald was appointed to that role on the same date.

Key Highlights

  • Departure effective September 1, 2026: Sofia Chernylo mutually agreed with the company to step down as Senior Vice President, Chief Accounting Officer, and principal accounting officer.
  • No disagreement cited: The filing states Ms. Chernylo's departure "is not a result of any disagreement with the Company's independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure, or internal controls."
  • Matthew Fennewald appointed: The Board of Directors named Fennewald, age 36, as Senior Vice President, Chief Accounting Officer, and principal accounting officer, also effective September 1, 2026.
  • Internal promotion: Fennewald joined the company in August 2020 and most recently served as Vice President, Corporate Controller since February 2024.
  • Prior experience: Before joining NETSTREIT, Fennewald held positions at PricewaterhouseCoopers LLP from 2015 to 2020 and at Crowe Horwath LLP from 2012 to 2015.
  • No new compensation arrangements disclosed: The filing states there are "no new material plans, contracts or arrangements" between Fennewald and the company in connection with his appointment.

NETSTREIT's Accounting Leadership Transition: What the Filing Discloses

According to the filing, NETSTREIT Corp. (NYSE:NTST) and Sofia Chernylo "mutually agreed" that she would no longer serve in her role as Senior Vice President, Chief Accounting Officer, and principal accounting officer, with the change taking effect September 1, 2026. The filing explicitly notes that her departure does not stem from any disagreement with the company's independent auditors or management on accounting principles, financial statement disclosure, or internal controls.

The Board of Directors moved simultaneously to fill the role, appointing Matthew Fennewald as Senior Vice President and Chief Accounting Officer on the same effective date. According to the filing, Fennewald, age 36, has been with the company since August 2020, progressing through roles including Financial Reporting Manager, Corporate Controller, Director of Corporate Controller, and most recently Vice President, Corporate Controller beginning February 2024. He holds a Master of Science in Auditing and Financial Accounting from the University of North Texas and is a licensed Certified Public Accountant.

The filing notes there are no arrangements or understandings between Fennewald and any other persons related to his appointment, no family relationships with any directors or executive officers, and no direct or indirect interest in any transaction required to be reported under Item 404(a) of Regulation S-K. No new material compensatory arrangements were disclosed in connection with his new role.

What Was Disclosed

NETSTREIT Corp. disclosed the mutual departure of its Chief Accounting Officer, Sofia Chernylo, and the simultaneous appointment of Matthew Fennewald to that position, both effective September 1, 2026, with no new compensation arrangements reported.