Company: NNN
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001193125-25-146859
Chunk: 88

Company: NNN REIT, INC.
Filing Date: 2025-06-25
Form: 424B5
Chunk 88
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 number of directors on the board. Proxy access is subject to procedural and other conditions and requirements as described more fully in our bylaws. The postponement or adjournment of an annual or special meeting to a later date or time shall not commence any new time periods for the giving of notice as described above. Our bylaws contain detailed requirements for the contents of stockholder notices of director nominations and new business proposals. Limitation of Liability of Directors and Officers.Our Articles of Incorporation provide that, to the fullest extent that limitations on the liability of directors and officers are permitted by the Maryland General Corporation Law, no director or officer shall be liable to us or our stockholders for money damages. The Maryland General Corporation Law provides that we may restrict or limit the liability of directors or officers for money damages except:

| • |     | to the extent anyone actually received an improper benefit or profit in money, property or services; or |

| • |     | a judgment or other final adjudication adverse to the person is entered in a proceeding based on a finding that                                                       
 the person’s action was material to the cause of action adjudicated and the action or failure to act was the result of bad faith or active and deliberate dishonesty. |

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Indemnification of Directors and Officers.Our Articles of Incorporation and Bylaws permit us to indemnify any of our employees or agents and require us to indemnify our directors and officers to the fullest extent permitted by Maryland law. The Bylaws require us to indemnify each director or officer and to pay or reimburse, in advance of the final disposition of a proceeding, reasonable expenses incurred by a present or former director or officer or any person who, while a director, is or was serving at our request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, who is made a party to a proceeding by reason of his or her status as a director, officer, employee or agent, to the fullest extent provided by Maryland law. Our Articles of Incorporation and Bylaws permit us to cover directors and officers under our directors’ and officers’ liability insurance. The Maryland General Corporation Law provides that we may indemnify directors and officers unless:

| • |     | the director actually received an improper benefit or profit in money, property or services; |

| • |     | the act or omission of the director was material to the matter giving rise to the proceeding and was committed in 
 bad faith or was the result of active and deliberate dishonesty; or