Spirit Realty Capital, Inc. announced that, in a mutually agreed upon decision, the Company would not be renewing its employment agreement with Phil Joseph, Executive Vice President, Chief Financial Officer and Treasurer, upon its expiration on April 20, 2018. Mr. Joseph will remain with the Company through the end of his contract, and the Company has been working with an executive search firm to find a new Chief Financial Officer. There are no issues involving the Company's financial statements, internal controls or financial reporting procedures that led to Mr. Joseph's departure.

Additionally, the Company announced that Boyd Messmann, Executive Vice President and Chief Acquisitions Officer, is departing the company. Mr. Messmann will be succeeded by Daniel Rosenberg who has been promoted to Senior Vice President, Acquisitions. Mr. Rosenberg has been with the Company for more than 10 years, most recently serving as Senior Vice President, Asset Management and Head of the Direct Sale-Leaseback Team.