Four Corners Property Trust files Exhibit 10.1 for director indemnity
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Four Corners Property Trust (FCPT) entered into indemnification agreements with each of its independent directors, effective November 5, 2025. The agreements commit FCPT to indemnify these directors to the maximum extent permitted under Maryland law and the company’s charter, and to advance expenses in covered proceedings upon receipt of required affirmations and undertakings.
The filing notes that indemnification for liabilities arising under the Securities Act of 1933 is, in the SEC’s view, against public policy and unenforceable. FCPT filed the form of the Indemnification Agreement as Exhibit 10.1.
Positive
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Negative
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did FCPT (NYSE: FCPT) disclose in this 8-K?
FCPT entered into indemnification agreements with each independent director, effective November 5, 2025, and filed the form as Exhibit 10.1.
Who is covered by FCPT’s new indemnification agreements?
Each of the company’s independent directors is covered.
What protections do the agreements provide?
They provide indemnification to the fullest extent allowed by Maryland law and the company’s charter, and advancement of expenses with required affirmations and undertakings.
Does FCPT advance legal expenses for directors?
Yes. FCPT will advance expenses for proceedings where indemnification could apply, subject to affirmations and undertakings.
How does the Securities Act affect these agreements?
The SEC’s opinion is that indemnification for liabilities under the Securities Act of 1933 is against public policy and unenforceable.
When did the agreements become effective?
They are effective as of November 5, 2025.
Where can investors find the agreement’s text?
In Exhibit 10.1, the Form of Indemnification Agreement, included with the filing.