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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/09/20 American Finance Trust, Inc. 8-K:5 10/07/20 11:242K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 33K 7: R1 Cover HTML 56K 9: XML IDEA XML File -- Filing Summary XML 12K 6: XML XBRL Instance -- tm2032891d1_8k_htm XML 22K 8: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.DEF XBRL Definitions -- afin-20201007_def XML 75K 4: EX-101.LAB XBRL Labels -- afin-20201007_lab XML 104K 5: EX-101.PRE XBRL Presentations -- afin-20201007_pre XML 72K 2: EX-101.SCH XBRL Schema -- afin-20201007 XSD 14K 10: JSON XBRL Instance as JSON Data -- MetaLinks 27± 36K 11: ZIP XBRL Zipped Folder -- 0001104659-20-113959-xbrl Zip 15K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): i October 7, 2020
i American Finance Trust, Inc.
(Exact Name of Registrant as Specified in Charter)
| i Maryland | i 001-38597 | i 90-0929989 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| i 650 Fifth Avenue, i 30th
Floor i New York, i New York i 10019 |
|
(Address, including zip code, of Principal Executive Offices)
Registrant’s telephone number, including area code: ( i 212) i 415-6500 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to section 12(b) of the Act:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On October 7, 2020, American Finance Trust, Inc. (the “Company”) issued 69,875 restricted shares of the Company’s Class A common stock to Katie P. Kurtz, the Company’s chief financial officer, treasurer and secretary, as an award pursuant to the Company’s 2018 Omnibus Incentive Compensation Plan (the “Plan”).
The restricted shares will vest in 25% increments on each of the first four anniversaries of September 15, 2020. Except in connection with a change in control (as defined in the award agreement) of the Company, any unvested restricted shares will be forfeited if the employment of Ms. Kurtz with the Company’s advisor, American Finance Advisors, LLC (the “Advisor”), terminates for any reason. Upon a change in control of the Company, 50% of the unvested restricted shares will immediately vest and the remaining unvested restricted shares will be forfeited.
The award to Ms. Kurtz was approved by the compensation committee of the Company’s board of directors upon recommendation of the Advisor. Concurrently with the award to Ms. Kurtz, the Company awarded a total of 239,600 restricted shares of the Company’s Class A common stock pursuant to the Plan to other employees of the Advisor or its affiliates who are involved in providing services to the Company. The awards had identical vesting terms as the award to Ms. Kurtz and were made pursuant to previously disclosed authority delegated by the compensation committee to Edward M. Weil, Jr., the Company’s chief executive officer, president and chairman. Mr. Weil is also the chief executive officer of and a non-controlling interest holder in the parent of the Advisor. Following these awards (together with the award to Ms. Kurtz), 40,525 additional restricted shares may be awarded pursuant to the delegation of authority to Mr. Weil. No awards may be made pursuant to this delegation of authority to anyone who is also a partner, member or equity owner of the parent of the Advisor, such as Mr. Weil.
C:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN FINANCE TRUST, INC. | ||
| By: | /s/ Edward M. Weil, Jr. | |
| Edward M. Weil, Jr. | ||
| Chief Executive Officer and President (Principal Executive Officer) | ||
Dated: October 9, 2020
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 10/9/20 | 4 | ||
| For Period end: | 10/7/20 | 4 | ||
| 9/15/20 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 1/13/21 Necessity Retail REIT, Inc. 424B5 1:949K Toppan Merrill/FA 12/15/20 Necessity Retail REIT, Inc. 424B5 1:1M Toppan Merrill/FA 12/14/20 Necessity Retail REIT, Inc. 424B5 1:1M Toppan Merrill/FA |