Research Reports

Key takeaways

Michael Friedland was elected to the Board as an independent director, effective April 1, 2026.

Friedland brings over 30 years of experience in real estate finance and banking, recently retiring as Vice Chair of Global Corporate Banking at JPM.

The Board affirmed Friedland's independence despite JPM's banking relationship with the Company, deeming it immaterial.

Friedland will serve on the Investment Committee and the Nominating and Governance Committee.

The Board now comprises eight members, with seven independent directors and diverse representation.

Full analysis

The appointment of Michael Friedland strengthens the Board's expertise in real estate finance and corporate credit. Friedland, who retired as Vice Chair of Global Corporate Banking at JPMorgan Chase Bank, N.A. in March 2026, has over three decades of relevant experience. The Board explicitly determined that the Company's ordinary course banking relationships with JPM do not impair his independence under NYSE standards. Friedland will serve on the Investment Committee and the Nominating and Governance Committee. His term expires at the 2026 annual meeting of stockholders. Following this addition, the Board consists of eight members, maintaining a strong majority of independent directors.

FCPT · Four Corners Property Trust, Inc.

Summary

Key takeaways

Full analysis