DON DEFOSSET - Corporate Board Profile

NNN REIT, INC.

Filing Date	Source Excerpt
2012-04-09	Mr. DeFosset has served as a director of the Company since December 2008. ... Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation ... The Board of Directors has adopted a set of corporate governance guidelines ... The Board of Directors has determined that Messrs. DeFosset, Fick, Fritsch, Jennings, Lanier, Legler and Martinez, representing a majority of the Board of Directors, qualify as independent directors ... The Board of Directors, upon the unanimous recommendation of the Governance and Nominating Committee, has determined that all current members of the Governance and Nominating Committee are independent ... The Board of Directors, upon the unanimous recommendation of the Governance and Nominating Committee, has determined that all current members of the Compensation Committee are independent ... The following table shows the compensation paid to our non-employee directors during fiscal year 2011. ... Don DeFosset: Cash Fees Earned or Paid in Cash $10,000, Value and Stock Awards $121,000, Total $131,000 ... The cash fees and stock awards earned by Messrs. DeFosset, Fick, and Legler, are deferred into shares of our common stock under our Deferred Fee Plan.
2013-04-02	Mr. DeFosset has served as a director of the Company since December 2008. ... The Board of Directors has adopted a set of corporate governance guidelines ... The Board of Directors has determined that Messrs. DeFosset, Fick, Fritsch, Jennings, Lanier, Legler and Martinez, representing a majority of the Board of Directors, qualify as independent directors ... The Governance and Nominating Committee met four times in the fiscal year ended December 31, 2012. During fiscal year 2012 and as of February 22, 2013, Messrs. DeFosset, Jennings and Legler were the members of the Governance and Nominating Committee, with Mr. DeFosset serving as Chairman. ... The Compensation Committee met four times in the fiscal year ended December 31, 2012. During fiscal year 2012 and as of February 22, 2013, Messrs. DeFosset, Fick, Fritsch, Legler and Martinez were the members of the Compensation Committee.
2014-03-26	Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and also serves on the board of trustees for the University of Tampa. Mr. DeFosset retired in November 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc., a diversified company with principal operating businesses in homebuilding and home financing, water transmission products and energy services. Mr. DeFosset is a graduate of Purdue University, where he earned a Bachelors degree in Industrial Engineering. He received his MBA from Harvard Business School in 1974. The Board believes, that in these positions, Mr. DeFosset has acquired the experience, qualifications, attributes and skills, including business and management experience, real estate experience, finance and capital markets experience and an understanding of corporate governance regulations necessary to act in the best interests of the Company and its stockholders, and based on these skills, together with the interpersonal skills mentioned above, the Board has concluded that Mr. DeFosset should serve as a director for the Company. The following table shows the compensation paid to our non-employee directors during fiscal year 2013. Don DeFosset $74,000 cash fees, $85,000 stock awards, total $159,000. The Governance and Nominating Committee met four times in the fiscal year ended December 31, 2013. During fiscal year 2013 and as of February 13, 2014, Messrs. DeFosset, Jennings and Legler were the members of the Governance and Nominating Committee, with Mr. DeFosset serving as Chairman. The Compensation Committee met four times in the fiscal year ended December 31, 2013. During fiscal year 2013 and as of February 13, 2014, Messrs. DeFosset, Fick, Fritsch, Legler and Martinez were the members of the Compensation Committee.
2015-03-26	Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and also serves on the board of trustees for the University of Tampa. Mr. DeFosset retired in November 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc., a diversified company with principal operating businesses in homebuilding and home financing, water transmission products and energy services. The Board believes, that in these positions, Mr. DeFosset has acquired the experience, qualifications, attributes and skills, including business and management experience, real estate experience, finance and capital markets experience and an understanding of corporate governance regulations necessary to act in the best interests of the Company and its stockholders, and based on these skills, together with the interpersonal skills mentioned above, the Board has concluded that Mr. DeFosset should serve as a director for the Company. The Board of Directors has determined that Messrs. DeFosset, Fick, Fritsch, Jennings, Lanier, Legler and Martinez, representing a majority of the Board of Directors, qualify as independent directors. The Governance and Nominating Committee met four times in the fiscal year ended December 31, 2014. During fiscal year 2014 and as of February 18, 2015, Messrs. DeFosset, Jennings and Legler were the members of the Governance and Nominating Committee, with Mr. DeFosset serving as Chairman. The Compensation Committee met four times in the fiscal year ended December 31, 2014. During fiscal year 2014 and as of February 18, 2015, Messrs. DeFosset, Fick, Fritsch, Legler and Martinez were the members of the Compensation Committee.
2016-03-23	Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and also serves on the board of trustees for the University of Tampa. Mr. DeFosset retired in November 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc. The following table shows the compensation paid to our non-employee directors during fiscal year 2015. Don DeFosset $53,500 Fees Earned or Paid in Cash, $132,000 Stock Awards, Total $185,500.
2017-03-29	Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and also serves on the board of trustees for the University of Tampa. ... The Board of Directors has established a Governance and Nominating Committee ... During fiscal year 2016, Messrs. DeFosset, Legler, and Susser were the members of the Governance and Nominating Committee, with Mr. DeFosset serving as Chairman. ... The Board of Directors has established a Compensation Committee ... During fiscal year 2016, Messrs. DeFosset, Fick, Fritsch, and Legler were the members of the Compensation Committee, with Mr. Legler serving as Chairman. ... The following table shows the compensation paid to our non-employee directors during fiscal year 2016. ... Don DeFosset $56,500 Fees Earned or Paid in Cash, $132,000 Stock Awards, Total $188,500.
2018-03-21	Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and also serves on the board of trustees for the University of Tampa. ... The following table shows the compensation paid to our non-employee directors during fiscal year 2017. Don DeFosset $58,375 Fees Earned or Paid in Cash, $138,000 Stock Awards, Total $196,375.
2019-03-21	Mr. DeFosset has served as a director of the Company since December 2008. ... Mr. DeFosset serves as Chairman of the Board since his election on December, 20, 2018. ... The Governance and Nominating Committee consisted of Ms. Beall and Messrs. DeFosset, Fritsch, and Susser, with Mr. Fritsch serving as Chairman. ... The Compensation Committee consisted of Messrs. Cosler, DeFosset, Fick, and Susser, with Mr. DeFosset serving as Chairman.
2020-03-20	Don DeFosset, 71 Mr. DeFosset has served as a director of the Company since December 2008. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, ITT Corporation, Terex Corporation, and ATL Partners, and also serves on the board of trustees for the University of Tampa. Mr. DeFosset retired in November 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc., a diversified company with principal operating businesses in homebuilding and home financing, water transmission products and energy services. Mr. DeFosset is a graduate of Purdue University, where he earned a Bachelor’s degree in Industrial Engineering. He received his MBA from Harvard Business School in 1974. The Board believes, that in these positions, Mr. DeFosset has acquired the experience, qualifications, attributes and skills, including business and management experience, real estate experience, finance and capital markets experience and an understanding of corporate governance regulations necessary to act in the best interests of the Company and its stockholders, and based on these skills, together with the interpersonal skills mentioned above, the Board has concluded that Mr. DeFosset should serve as a director for the Company.
2021-03-22	Mr. DeFosset has served as a director of the Company since December 2008. ... Mr. DeFosset retired in November 2005 as Chairperson, President and Chief Executive Officer of Walter Industries, Inc. ... Our Board of Directors is currently managed by an eight-member Board of Directors that consists of Mses. Beall and Holden, and Messrs. Cosler, DeFosset, Fick, Fritsch, Habicht, and Whitehurst, with Mr. DeFosset serving as Chairperson of the Board. ... The following table shows the compensation paid to our non-employee directors during fiscal year 2020. ... Don DeFosset $287,500.