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    Franklin Street Properties Corp. filed SEC Form 8-K: Leadership Update

    3/10/25 4:35:20 PM ET
    $FSP
    Real Estate Investment Trusts
    Real Estate
    Get the next $FSP alert in real time by email
    false 0001031316 0001031316 2025-03-07 2025-03-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

    CURRENT REPORT

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

      

    Date of Report (Date of earliest event reported): March 7, 2025

      

    Franklin Street Properties Corp.

    (Exact name of registrant as specified in its charter)

     

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

     

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

     

    Registrant’s telephone number, including area code: (781) 557-1300

     

     

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

     

    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):

     

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

     

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

     

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

     

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

     

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

     

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

     

    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).

     

    Emerging growth company ¨

     

    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. ¨

     

     

     

     

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

     

    (b) Departure of Director.

     

    On March 7, 2025, Mr. Brian N. Hansen, a member of our Board of Directors (the “Board”), notified us of his decision not to stand for re-election at our upcoming 2025 annual meeting of stockholders scheduled for May 15, 2025 (the “2025 Annual Meeting”). Mr. Hansen will continue to serve until his term expires at our 2025 Annual Meeting. The decision by Mr. Hansen not to stand for re-election was entirely voluntary and not the result of any disagreement with Franklin Street Properties Corp.

     

     

     

     

    SIGNATURES

     

    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.

     

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

     

    Date: March 10, 2025

     

     

     

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