{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-104740","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2023-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.020628+00:00","generated_at":"2026-06-10T08:01:06.003919+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Agree Realty enters new employment agreement with CEO Joel Agree, no fixed term","bullets":["New employment agreement with CEO Joel Agree has no fixed expiration date, supersedes prior agreement expiring Sept 30, 2023.","Upon non-cause termination, Mr. Agree receives 200% base salary plus 200% of average annual bonus (3-year) and full equity vesting.","Upon change-in-control termination, severance increases to 300% base salary plus 300% of average annual bonus and full equity vesting.","Death or disability triggers prorated target bonus, equity vesting, and two months salary (death only) plus health benefits.","Non-compete and non-solicitation provisions apply for one year after termination for cause or voluntary resignation without good reason."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-104740","json":"https://secwatch.observer/filing/0001104659-23-104740.json","markdown":"https://secwatch.observer/filing/0001104659-23-104740.md","text":"https://secwatch.observer/filing/0001104659-23-104740.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465923104740/0001104659-23-104740-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465923104740/tm2327163d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:01:06.003919+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}