Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 8, 2008, Clifford R. Hinkle, the Lead Director of the Board of Directors (the "Board") of National Retail Properties, Inc. (the "Company"), tendered a letter of resignation from the Board. At a duly called meeting of the Board on December 8, 2008, the Board unanimously agreed to accept Mr. Hinkle's resignation and appointed, pursuant to the recommendation of the Governance and Nominating Committee, Don DeFosset to the Board of the Company, effective immediately. Mr. DeFosset currently serves on the boards of directors for Regions Financial Corporation, EnPro Industries, Inc. and Terex Corporation. Mr. DeFosset retired in September 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc., a diversified company with principal operating businesses in homebuilding and home financing, water transmission products and energy services. Mr. DeFosset is a graduate of Purdue University, where he earned a Bachelor's degree in Industrial Engineering. He received his MBA from Harvard Business School in 1974. Mr. DeFosset will stand for election at the 2009 annual meeting of the Company's shareholders.
Also on December 8, 2008, the Board appointed Ted B. Lanier as the new Lead Director of the Board, effective immediately, pursuant to the recommendation of the Governance and Nominating Committee. Item 7.01. Regulation FD Disclosure.
On December 9, 2008, the Company issued a press release announcing the Board changes described above in Item 5.02. The press release is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of such section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated December 9, 2008

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