UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 23, 2006
NATIONAL RETAIL PROPERTIES, INC.
(exact name of registrant as specified in its charter)
Maryland | 001-11290 | 56-1431377 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S. Employment Identification No.) |
450 South Orange Avenue, Orlando, Florida 32801
(Address of principal executive offices, including zip code)
(407) 265-7348
(Registrants telephone number, including area code)
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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
On May 23, 2006, the Compensation Committee (the Committee) of the Board of Directors of National Retail Properties, Inc. (the Company) approved the accelerated vesting of unvested restricted stock previously granted to certain of the Companys executive officers. As a result of the vesting acceleration, 31,661 restricted shares held by executive officers of the Company, which would otherwise have vested through January 1, 2009, immediately vested. The following chart provides certain information regarding the vested restricted shares held by executive officers.
Executive Officer |
No. of Shares Vested |
Original Vesting Date | ||
Craig Macnab |
20,000 | January 1, 2008 | ||
Kevin B. Habicht |
5,661 | 1,887 on each of January 1, 2007, 2008 and 2009 | ||
Julian E. Whitehurst |
6,000 | January 1, 2007 |
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 thereunto duly authorized.
National Retail Properties, Inc. | ||||
Date: May 30, 2006 | By: | /s/ Kevin B. Habicht | ||
Kevin B. Habicht | ||||
Executive Vice President and | ||||
Chief Financial Officer |