Form 8-K - Current report

0001031316false00010313162024-02-272024-02-27

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): February 27, 2024

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Franklin Street Properties Corp.

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(Exact name of registrant as specified in its charter)

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Maryland	001-32470	04-3578653
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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401 Edgewater Place, Suite 200, Wakefield, Massachusetts	01880
(Address of principal executive offices)	(Zip Code)

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Registrant’s telephone number, including area code: [phone]

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(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class		Trading Symbol (s)		Name of each exchange on which registered
Common Stock, $.0001 par value per share	​	FSP	​	NYSE American

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointments of Certain Officers; Compensatory Arrangements of Certain Officers.

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(b) Departure of Director.

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On February 27, 2024, Ms. Kathryn P. O’Neil, a member of our Board of Directors (the “Board”), notified us of her decision not to stand for re-election at our upcoming 2024 annual meeting of stockholders scheduled for May 16, 2024 (the “2024 Annual Meeting”). Ms. O’Neil will continue to serve until her term expires at our 2024 Annual Meeting. The decision by Ms. O’Neil not to stand for re-election was entirely voluntary and not the result of any disagreement with Franklin Street Properties Corp.

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ITEM 8.01. Other Events.

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On March 4, 2024, the Board approved the reduction in the size of the Board from eight members to seven members, effective immediately after the conclusion of the 2024 Annual Meeting.

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SIGNATURES

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	FRANKLIN STREET PROPERTIES CORP.
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Date: March 4, 2024	By:	/s/ Scott H. Carter
​	​	Scott H. Carter
​	​	Executive Vice President, General Counsel and Secretary

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Document and Entity Information	Feb. 27, 2024
Document and Entity Information [Abstract]
Document Type	8-K
Document Period End Date	Feb. 27, 2024
Entity File Number	001-32470
Entity Registrant Name	Franklin Street Properties Corp.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	04-3578653
Entity Address, Address Line One	401 Edgewater Place
Entity Address, Adress Line Two	Suite 200
Entity Address, State or Province	MA
Entity Address, City or Town	Wakefield
Entity Address, Postal Zip Code	01880
City Area Code	781
Local Phone Number	557-1300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $.0001 par value per share
Trading Symbol	FSP
Security Exchange Name	NYSEAMER
Entity Emerging Growth Company	false
Entity Central Index Key	0001031316
Amendment Flag	false

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