NNN REIT, Inc. filed a Form 8-K on August 17, 2026, disclosing the appointment of two new directors to its Board and the planned retirement of a current director, effective at staggered dates in 2026 and 2027.

Key Highlights

  • Two new directors appointed: Christina Chiu and Charles "Chaz" D. Mueller, Jr. were appointed to the Board on August 13, 2026, effective October 1, 2026.
  • Planned director retirement: Betsy D. Holden formally notified the Board on August 13, 2026, of her intention to retire effective February 19, 2027.
  • Succession context: According to the filing, the appointments are "part of the Company's staged Board succession planning in preparation for Ms. Holden's planned retirement."
  • Audit Committee assignment expected: The Board expects to appoint both Ms. Chiu and Mr. Mueller to serve on the Audit Committee, consistent with the Governance and Nominating Committee's recommendation.
  • No compensatory arrangements: The filing states that "Neither Ms. Chiu nor Mr. Mueller is party to any plan, contract or other arrangement with the Company."

Director Appointments and Backgrounds at NNN REIT

According to the filing, NNN REIT, Inc. (NYSE:NNN), a Maryland-incorporated real estate investment trust headquartered in Orlando, Florida, disclosed the appointment of Christina Chiu and Charles "Chaz" D. Mueller, Jr. to its Board of Directors. The Board acted on August 13, 2026, upon the recommendation of the Governance and Nominating Committee, with both appointments taking effect October 1, 2026.

The filing describes Ms. Chiu as currently serving as President of Empire State Realty Trust, a publicly traded REIT. Before that role, she held positions as Executive Vice President, Chief Operating Officer, and Chief Financial Officer at the same company. Prior to joining Empire State Realty Trust in 2020, the filing states she spent nearly 18 years at Morgan Stanley, most recently as Managing Director and Chief Operating Officer of the Global Listed Real Assets Investing business. Ms. Chiu holds a Bachelor of Science in Finance and Accounting, summa cum laude, from NYU Stern School of Business, according to the filing.

Mr. Mueller is described in the filing as currently serving on the Board of Trustees of Vivmark Residential, characterized as "the combined company formed in 2026 through the merger of AvalonBay Communities and Equity Residential, creating the largest publicly traded multifamily apartment REIT in the United States." The filing notes he previously served on AvalonBay Communities' Board beginning in 2022 and brings more than three decades of executive experience, including as Chief Executive Officer of Progress Residential until his retirement in 2021. He holds a Bachelor of Business Administration from The University of Texas at Austin and a Master of Business Administration from Southern Methodist University, according to the filing.

What Was Disclosed

NNN REIT disclosed two director appointments effective October 1, 2026, one planned director retirement effective February 19, 2027, expected Audit Committee assignments for both new directors, and the absence of any compensatory arrangements with either appointee.