Company: INRE
Filing Date: 2025-09-24
Form Type: DEF 14A
Source: 0001193125-25-214755
Chunk: 15

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-09-24
Form: DEF 14A
Chunk 15
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 served as chief executive officer and president from 2008 to 2017; executive vice president and chief operating officer from 2004 to 2008; and senior vice president, chief financial officer and treasurer from 2000 to 2004. IRC Retail Centers was also listed on the NYSE from 2004 to 2016 when the entity completed a cash-out merger with a third party. Mr. Zalatoris earned his undergraduate degree from University of Illinois, Urbana-Champaign and his Master of Accounting Science degree from University of Illinois, Urbana-Champaign.

Our board believes that Mr. Zalatoris’ extensive finance and real estate experience, including previously serving as the chief executive officer of a publicly-traded REIT, make him well qualified to serve as a member of our board of directors.

Our business is managed under the direction and oversight of our board. As required by our Corporate Governance Guidelines, a majority of our board must be comprised of “independent directors” satisfying the director independence standards of the NYSE and applicable regulations promulgated by the SEC. The NYSE standards state that to qualify as an independent director, among other things, the board of directors must affirmatively determine that the director has no material relationship with the Company either directly or as a partner, stockholder or officer of an organization that has a relationship with the Company. The board annually reviews the relationships that each director has with the Company either directly or as a partner, stockholder or officer of an organization that has a relationship with the Company. Following the annual review, only those directors who the board affirmatively determine have no material relationship with the Company either directly or as a partner, stockholder or officer of an organization that has a relationship with the Company will be considered independent directors, subject to additional qualifications prescribed by the NYSE.

After reviewing any relevant transactions or relationships between each director, or any of his or her family members, and the Company, our management and our independent registered public accounting firm, and considering

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each director’s direct and indirect association with IREIC, the Business Manager or any of their affiliates, the board has determined that Messrs. Daniels, Davis and Michael and Ms. Henry qualify as independent directors.

Our board has separated the roles of the president and chair of the board to recognize the difference between the two roles. Mr. Zalatoris, in his role as our president and chief executive officer, is responsible for establishing the strategic direction for the Company and