{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-138494","form_type":"8-K","ticker":"ONL","cik":"0001873923","company_name":"Orion Properties Inc.","filed_at":"2021-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:04:14.918638+00:00","generated_at":"2026-06-28T08:44:29.462221+00:00","sec_items":["1.01","2.01","2.03","3.02","5.01","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Orion Office REIT completes spin-off from Realty Income; begins trading Nov 15 under 'ONL'","bullets":["Portfolio of 92 office properties totaling ~10.5M leasable square feet.","Incurred $620M debt: $425M revolver, $175M term loan, $355M bridge loan; $595M distributed to Realty Income.","New board and executive officers appointed: Paul McDowell CEO, Gavin Brandon CFO, Chris Day COO, Gary Landriau CIO.","Arch Street partner received warrants to purchase up to 1.12M shares of ONL common stock.","Common stock expected to commence trading on NYSE on November 15, 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-138494","json":"https://secwatch.observer/filing/0001104659-21-138494.json","markdown":"https://secwatch.observer/filing/0001104659-21-138494.md","text":"https://secwatch.observer/filing/0001104659-21-138494.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/tm2132857d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T08:44:29.462221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"140f1b954a","claim":"Gavin Brandon was appointed as Chief Financial Officer, Executive Vice President, Treasurer and Secretary at Orion Properties Inc..","evidence_excerpt":"• Gavin Brandon, as Chief Financial Officer, Executive Vice President, Treasurer and Secretary","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer, Executive Vice President, Treasurer and Secretary"}],"fact_type":"executive_change"},{"claim_id":"1fc94ea9b0","claim":"Gary Landriau was appointed as Chief Investment Officer and Executive Vice President at Orion Properties Inc..","evidence_excerpt":"• Gary Landriau, as Chief Investment Officer and Executive Vice President","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Investment Officer and Executive Vice President"}],"fact_type":"executive_change"},{"claim_id":"243d13c908","claim":"Reginald H. Gilyard was appointed as director at Orion Properties Inc..","evidence_excerpt":"each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"43177f52fe","claim":"Reginald H. Gilyard was appointed as Non-Executive Chairman at Orion Properties Inc..","evidence_excerpt":"Mr. Gilyard has been appointed as the Non-Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Non-Executive Chairman"}],"fact_type":"executive_change"},{"claim_id":"45950cc570","claim":"Paul H. McDowell was appointed as director at Orion Properties Inc..","evidence_excerpt":"each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"4cc38ff0a2","claim":"Chris Day was appointed as Chief Operating Officer and Executive Vice President at Orion Properties Inc..","evidence_excerpt":"• Chris Day, as Chief Operating Officer and Executive Vice President","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer and Executive Vice President"}],"fact_type":"executive_change"},{"claim_id":"58c207008e","claim":"Kathleen R. Allen was appointed as director at Orion Properties Inc..","evidence_excerpt":"each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"9de566acbb","claim":"Richard Lieb was appointed as director at Orion Properties Inc..","evidence_excerpt":"each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"ae38ead7f9","claim":"Paul H. McDowell was appointed as Chief Executive Officer and President at Orion Properties Inc..","evidence_excerpt":"• Paul H. McDowell, as Chief Executive Officer and President","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"c8b910676d","claim":"Gregory J. Whyte was appointed as director at Orion Properties Inc..","evidence_excerpt":"each of Paul McDowell, Kathleen R. Allen, Ph.D., Reginald H. Gilyard, Richard Lieb and Gregory J. Whyte were appointed to serve as directors on the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1873923/000110465921138494/0001104659-21-138494-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}