SEC Filing Summary: NNN Healthcare/Office REIT, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by NNN Healthcare/Office REIT, Inc. (Maryland) on January 17, 2007, with a signature date of March 5, 2007. The filing reports the entry into material definitive agreements regarding director and officer indemnification.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance agreements rather than financial performance.
Material Changes
On January 17, 2007, the company entered into indemnification agreements with its independent directors (W. Bradley Blair, II, Maurice J. DeWald, Warren D. Fix, Gary T. Wescombe) and officers/non-independent directors (Scott D. Peters, Danny Prosky, Andrea R. Biller). An additional agreement was executed on March 1, 2007, with officer Shannon K S Johnson. These agreements obligate the company to indemnify and advance expenses for claims arising from their service, subject to charter limitations.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk context relates to the limitations on indemnification obligations as set forth in the agreements and the company charter. The full terms are detailed in Exhibit 10.1 (Form of Indemnification Agreement).
Investor Verification Checklist
- Verify the specific limitations on indemnification obligations in the attached Exhibit 10.1.
- Confirm the scope of "claims, suits or proceedings" covered under the new agreements.
- Review the company charter for any conflicting provisions regarding director and officer liability.