{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037440","form_type":"8-K/A","ticker":"NLOP","cik":"0001952976","company_name":"Net Lease Office Properties","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.450349+00:00","generated_at":"2026-06-08T17:52:35.897979+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NLOP corrects advisory agreement termination fee; $7.5M annual fee cap for management services","bullets":["Advisory agreements with W. P. Carey Management LLC and W. P. Carey & Co. B.V. dated Nov 1, 2023, for strategic management, asset management, and property disposition support.","Management fee of $625,000 per month, adjusted proportionally upon property dispositions, with annual cap of $7.5M.","Termination fee corrected: 0.5x trailing twelve-month aggregate fees upon Company termination for convenience or Advisor Good Reason termination.","Initial term of three years, automatic renewal for one-year terms.","Base administrative reimbursement of $333,333.33 per month plus out-of-pocket expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037440","json":"https://secwatch.observer/filing/0001628280-23-037440.json","markdown":"https://secwatch.observer/filing/0001628280-23-037440.md","text":"https://secwatch.observer/filing/0001628280-23-037440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1952976/000162828023037440/0001628280-23-037440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1952976/000162828023037440/nlop2023q4anlopadvisoryagr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T17:52:35.897979+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"}