NNN REIT, INC. 8-K

What Happened
NNN REIT, Inc. (NNN) filed an 8-K reporting that Steven D. Cosler retired from the Board and as Chair effective February 18, 2026. The Board appointed independent director Edward J. Fritsch to succeed Mr. Cosler and serve as Chair effective upon Mr. Cosler’s retirement. The company issued a press release on February 19, 2026, disclosing the change.

Key Details

• Steven D. Cosler served on NNN’s Board since August 2016 and as Chair since May 2021; retirement effective February 18, 2026.
• Edward J. Fritsch has served on NNN’s Board since February 2012 and was named Chair effective upon Cosler’s retirement.
• Mr. Fritsch is a former President & CEO of publicly traded REIT Highwoods Properties, Inc. (retired 2019), bringing long REIT leadership experience.
• The 8-K and related press release were filed on February 19, 2026; the filing was signed by CFO Vincent H. Chao.

Why It Matters
A change in Board leadership can affect governance oversight and strategic direction. Investors should note the transition to an experienced REIT executive (Fritsch) who has longstanding involvement with NNN’s Board; this suggests continuity rather than a sudden strategic shift. No operational, financial or management departures beyond the chairmanship were reported in the filing.