RICHARD B. JENNINGS - Corporate Board Profile

NNN REIT, INC.

Filing Date	Source Excerpt
2012-04-09	Mr. Jennings has served as a director of the Company since 2000. ... 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 Audit Committee are independent ... The following table shows the compensation paid to our non-employee directors during fiscal year 2011. ... Richard B. Jennings: Cash Fees Earned or Paid in Cash $74,250, Value and Stock Awards $64,250, Total $138,500.
2013-04-02	Mr. Jennings has served as a director of the Company since 2000. ... 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 Audit Committee met seven times in the fiscal year ended December 31, 2012. During fiscal year 2012 and as of February 22, 2013, Messrs. Fick, Jennings, Lanier and Martinez were the members of the Audit Committee, with Mr. Jennings serving as Chairman. ... 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.
2014-03-26	Mr. Jennings has served as a director of the Company since 2000. Mr. Jennings is President of Realty Capital International LLC, a real estate investment banking firm that he founded in 1999, and its predecessor, Realty Capital International Inc., which he founded in 1991. From 1990 to 1991, Mr. Jennings served as Senior Vice President of Landauer Real Estate Counselors, and from 1986 to 1989, Mr. Jennings served as Managing Director, Real Estate Finance at Drexel Burnham Lambert. From 1969 to 1986, Mr. Jennings oversaw REIT investment banking at Goldman, Sachs & Co. During his tenure at Goldman, Sachs & Co., Mr. Jennings also founded and managed the Mortgage Finance Group. Mr. Jennings also serves as the lead director of Alexandria Real Estate Equities, Inc. He is a member of ICSC and NAREIT. The Board believes, that in these positions, Mr. Jennings has acquired the experience, qualifications, attributes and skills, including business and management experience, real estate experience, accounting 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. Jennings should serve as a director for the Company. The following table shows the compensation paid to our non-employee directors during fiscal year 2013. Richard B. Jennings $82,500 cash fees, $85,000 stock awards, total $167,500. The Audit Committee met nine times in the fiscal year ended December 31, 2013. During fiscal year 2013 and as of February 13, 2014, Messrs. Fick, Fritsch, Jennings, Lanier and Martinez were the members of the Audit Committee, with Mr. Jennings serving as Chairman.
2015-03-26	Mr. Jennings has served as a director of the Company since 2000. Mr. Jennings serves as the lead director of Alexandria Real Estate Equities, Inc. Mr. Jennings is also a director of Terra Income Fund 6, Inc. and is a member of its Audit Committee and Nominating and Corporate Governance Committee, and is chairman of the Valuation Committee. 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 Audit Committee met eight times in the fiscal year ended December 31, 2014. During fiscal year 2014 and as of February 18, 2015, Messrs. Fick, Fritsch, Jennings, Lanier and Martinez were the members of the Audit Committee, with Mr. Jennings serving as Chairman.