---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-137241"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:38:56.757346+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# NNN REIT enters employment letter with EVP/CAO/CTO Miller effective Jan 1 2025; $350k base, 2x severance

## Summary
- Employment letter replaces 2018 agreement; Miller continues as EVP, Chief Accounting Officer and Chief Technology Officer.
- Base salary $350,000 per year; eligible for annual cash bonus and equity awards under the 2017 Performance Incentive Plan.
- Designated participant in Executive Severance Plan with termination payment multiple of 2 and change-of-control multiple of 2.
- Severance benefits include cash payments, health coverage, and equity vesting, subject to non-compete, non-solicitation, and release.
- Fringe benefits include $500/month car allowance and life insurance equal to annual salary.

## SEC filing metadata
- accession: 0000950170-24-137241
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017024137241/0000950170-24-137241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017024137241/nnn-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-137241
- JSON: https://secwatch.observer/filing/0000950170-24-137241.json
- Plain text: https://secwatch.observer/filing/0000950170-24-137241.txt

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