Modiv Industrial Stockholders Approve Merger With GNL Motion Merger Sub

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Tue, August 11, 2026 astatine 5:02 AM CDT 3 min read

Key Points

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Modiv Industrial stockholders approved the projected merger with GNL Motion Merger Sub, on with related transactions involving Global Net Lease and affiliated entities.
Stockholders besides approved the advisory executive-compensation proposal; the adjournment connection passed but was not needed due to the fact that the merger received approval.
The results are preliminary, with last ballot totals to beryllium filed successful the gathering minutes and disclosed successful a Form 8-K submitted to the SEC.

Stockholders of Modiv Industrial (NYSE:MDV) approved the company's projected merger with GNL Motion Merger Sub, LLC, on with related merger compensation and adjournment proposals, astatine a peculiar gathering of stockholders.

Chief Executive Officer and President Aaron Halfacre chaired the virtual meeting, portion Chief Financial Officer, General Counsel and Secretary John Raney served arsenic secretary.

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The superior connection sought stockholder support for Modiv Industrial's merger with and into GNL Motion Merger Sub, LLC, nether an statement and program of merger dated May 3, 2026. Parties to the merger statement see Modiv Industrial, Modiv Operating Partnership, LP, Global Net Lease, Inc., Global Net Lease Operating Partnership, L.P., GNL Motion Merger Sub, LLC and GNL Motion OpCo Merger Sub, LLC.

Three Proposals Presented

Raney outlined 3 matters for stockholder consideration:

Approval of the merger and related transactions contemplated by the merger agreement.
A non-binding advisory ballot connected compensation that whitethorn beryllium paid oregon go payable to Modiv Industrial's named enforcement officers successful transportation with the projected mergers.
Approval to adjourn the peculiar meeting, if indispensable oregon appropriate, to let for further solicitation of votes supporting the merger proposal.

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Modiv Industrial's committee of directors recommended that stockholders ballot successful favour of each proposal. The merger connection required support by a bulk of the company's outstanding communal shares entitled to vote. The merger compensation and adjournment proposals each required support by a bulk of votes formed connected the respective item.

Quorum Confirmed

Halfacre said the inspector of election, Jim Rate of American Election Services, LLC, reported that a quorum was present. Broadridge Financial Solutions, Inc. tabulated proxies and ballots for the meeting.

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