NETSTREIT Corp. Announces Chief Accounting Officer Change

What Happened
NETSTREIT Corp. filed an 8-K on Sept. 3, 2026, reporting that Sofia Chernylo and the Company mutually agreed she will no longer serve as Senior Vice President, Chief Accounting Officer and principal accounting officer effective Sept. 1, 2026. The Board appointed Matthew Fennewald as Senior Vice President and Chief Accounting Officer, and designated him principal accounting officer, effective the same date.

Key Details

• Departure effective date: September 1, 2026; described as mutual and not due to any disagreement with the company’s independent auditors or management on accounting or internal controls.
• New appointee: Matthew Fennewald, age 36, promoted internally; joined NETSTREIT in August 2020 and previously served as Vice President, Corporate Controller (since Feb. 2024) and held multiple controller and reporting roles since 2020.
• Credentials and background: Fennewald is a licensed CPA, holds an M.S. in Auditing and Financial Accounting from the University of North Texas, and previously worked at PricewaterhouseCoopers LLP (2015–2020) and Crowe Horwath LLP (2012–2015).
• Governance notes: No new material employment contracts or arrangements were reported in connection with his appointment; no family relationships or reportable related-party transactions were identified.

Why It Matters
A change in the principal accounting officer is material because that role oversees financial reporting and internal controls. NETSTREIT named an experienced, internal successor (a licensed CPA with prior controller roles at the company), which suggests continuity in accounting and reporting operations. The filing explicitly states the departure was not due to disagreements with auditors, which addresses a common investor concern about accounting disputes. Investors should note the leadership change for any future filings or disclosures but the 8-K indicates no immediate contractual or governance red flags.