---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000668"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:30:51.571039+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease appoints John Moragne as CEO; Q4 investments $310M, 99.9% rent collection

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-000668
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/bnl-20230106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000668
- JSON: https://secwatch.observer/filing/0000950170-23-000668.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000668.txt

## Key facts
- Earnings Releases
  Broadstone Net Lease, Inc. reported preliminary financial results for the fourth quarter.
  - Period: the fourth quarter
  - Result: preliminary results
  source text: On January 11, 2023, Broadstone Net Lease, Inc. (the “ Company ”) issued a press release that included a business update on fiscal year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm
- Executive change
  John Moragne was elected as Chief Executive Officer at Broadstone Net Lease, Inc..
  - Action: elected
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm
- Executive change
  Ryan Albano was elected as President and Chief Operating Officer at Broadstone Net Lease, Inc..
  - Action: elected
  - Role: President and Chief Operating Officer
  source text: Ryan Albano, age 41, being elected as President and COO of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm
- Executive change
  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
  source text: Kevin M. Fennell, age 37, being elected to succeed Mr. Albano as the Executive Vice President and CFO of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm
- Executive change
  Christopher J. Czarnecki resigned as President and Chief Executive Officer at Broadstone Net Lease, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023000668/0000950170-23-000668-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.