---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-022242"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T15:32:49.738129+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# BNL adds two REIT-experienced directors; two long-time directors to step down at May 2025 meeting

## Summary
- Richard Imperiale (Uniplan CIO, REIT manager since 1988) and Joseph Saffire (former Life Storage CEO) appointed effective Feb 13, 2025.
- Shekar Narasimhan (board since 2007) and Denise Brooks-Williams (since 2021) not standing for re-election at the 2025 annual meeting; no disagreements.
- Brooks-Williams departure follows promotion to COO of Henry Ford Health; Narasimhan was key in BNL internalization and IPO preparation.
- Board increased from 9 to 11 for new appointments, will return to 9 after the annual meeting.

## SEC filing metadata
- accession: 0000950170-25-022242
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/0000950170-25-022242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/bnl-20250213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-022242
- JSON: https://secwatch.observer/filing/0000950170-25-022242.json
- Plain text: https://secwatch.observer/filing/0000950170-25-022242.txt

## Key facts
- Executive change
  Denise Brooks-Williams departed as Director at Broadstone Net Lease, Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: On February 13, 2025, each of Denise Brooks-Williams and Shekar Narasimhan informed Broadstone Net Lease, Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that they would not stand for re-election as directors of the Company and that the decision not to stand for re-election did not involve any disagreement with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/0000950170-25-022242-index.htm
- Executive change
  Shekar Narasimhan departed as Director at Broadstone Net Lease, Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: On February 13, 2025, each of Denise Brooks-Williams and Shekar Narasimhan informed Broadstone Net Lease, Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that they would not stand for re-election as directors of the Company and that the decision not to stand for re-election did not involve any disagreement with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/0000950170-25-022242-index.htm
- Executive change
  Richard Imperiale was appointed as Director at Broadstone Net Lease, Inc..
  - Action: appointed
  - Role: Director
  source text: On February 13, 2025, the Board appointed Richard Imperiale and Joseph Saffire as directors of the Company, effective as of the same day, to serve until the 2025 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/0000950170-25-022242-index.htm
- Executive change
  Joseph Saffire was appointed as Director at Broadstone Net Lease, Inc..
  - Action: appointed
  - Role: Director
  source text: On February 13, 2025, the Board appointed Richard Imperiale and Joseph Saffire as directors of the Company, effective as of the same day, to serve until the 2025 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017025022242/0000950170-25-022242-index.htm

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