8-K
filed January 11, 2023, 6:59 PM ET
ticker BNL
CIK 0001424182
leadership
confidence high
sentiment neutral
materiality 0.70
Broadstone Net Lease appoints John Moragne as CEO; Q4 investments $310M, 99.9% rent collection
Broadstone Net Lease, Inc.
- President & CEO Chris Czarnecki resigns effective Feb 28, 2023; John Moragne (COO) named CEO.
- Ryan Albano promoted to President & COO; Kevin Fennell promoted to EVP & CFO, effective Feb 28.
- Q4 2022 investments of $310.3M in 18 properties at 6.7% cap rate; full-year investments $907.2M.
- Portfolio 99.4% leased; collected 99.9% of Q4 base rents; 3 of 804 properties vacant.
- Settled 13M share forward equity for net proceeds of $273.2M; used to repay credit line.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.7
Broadstone Net Lease, Inc. reported preliminary financial results for the fourth quarter.
- Period
- the fourth quarter
- Result
- preliminary results
Exact text from the filing
On January 11, 2023, Broadstone Net Lease, Inc. (the “ Company ”) issued a press release that included a business update on fiscal year 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Moragne was elected as Chief Executive Officer at Broadstone Net Lease, Inc..
- Action
- elected
- Role
- Chief Executive Officer
Exact text from the filing
the Board elected the Company’s Executive Vice President and Chief Operating Officer (“ COO ”), John Moragne, age 40, to succeed Mr. Czarnecki as CEO of the Company, effective on the Transition Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Albano was elected as President and Chief Operating Officer at Broadstone Net Lease, Inc..
- Action
- elected
- Role
- President and Chief Operating Officer
Exact text from the filing
Ryan Albano, age 41, being elected as President and COO of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin M. Fennell was elected as Executive Vice President and Chief Financial Officer at Broadstone Net Lease, Inc..
- Action
- elected
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
Kevin M. Fennell, age 37, being elected to succeed Mr. Albano as the Executive Vice President and CFO of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher J. Czarnecki resigned as President and Chief Executive Officer at Broadstone Net Lease, Inc..
- Action
- resigned
- Role
- President and Chief Executive Officer
Exact text from the filing
On January 6, 2023, Christopher J. Czarnecki, notified the Board of Directors (the “ Board ”) of the Company of his decision to resign from his roles as the President and Chief Executive Officer (“ CEO ”) of the Company, effective February 28, 2023 (the “ Transition Effective Date ”).
View on SEC.gov
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