Four Corners Property Trust, Inc. 8-K

What Happened

• Four Corners Property Trust, Inc. (FCPT) announced on April 1, 2026 that its Board elected Michael Friedland (age 66) as a director, effective that date. Mr. Friedland will serve until the Company’s 2026 annual meeting of stockholders and until his successor is duly elected and qualified. The Board has determined he is an independent director under NYSE listing standards.

Key Details

• Mr. Friedland will serve on the Investment Committee and the Nominating and Governance Committee.
• Board composition after his appointment: eight members total; seven are independent; 50% female; 25% from underrepresented groups.
• Mr. Friedland retired from JPMorgan Chase in March 2026 after a 30+ year career (most recently Vice Chair of Global Corporate Banking). The Board concluded FCPT’s ordinary‑course banking relationships with JPM are not material and do not impair his independence.
• He will receive the Company’s standard non‑employee director compensation, prorated to reflect his start date.

Why It Matters

• For investors, this adds a director with deep banking, corporate and real‑estate finance experience to FCPT’s board and to key committees that oversee investments and governance, which could strengthen oversight of capital markets and financing strategies. The Board’s written independence determination and the lack of any direct interest in FCPT’s JPM banking arrangements reduces the likelihood of a conflict of interest. There were no material financial terms disclosed beyond standard, prorated director pay.