FRANKLIN STREET PROPERTIES CORP /MA/ 8-K

What Happened Franklin Street Properties Corp. (FSP) held its 2026 Annual Meeting of Stockholders on May 14, 2026 and reported the results. Shareholders re-elected five directors to one-year terms expiring at the 2027 Annual Meeting, ratified Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal 2026, and approved, by non-binding vote, the Company’s executive compensation.

Key Details

• Directors elected (one-year terms expiring 2027) and final vote totals (For / Against / Abstain / Broker Non-Votes):
  • George J. Carter: 46,536,170 / 19,626,001 / 29,677 / 18,829,875
  • Georgia Murray: 45,085,297 / 20,517,242 / 589,309 / 18,829,875
  • Jennifer Bitterman: 53,262,700 / 12,342,193 / 586,955 / 18,829,875
  • John N. Burke: 45,368,532 / 20,233,956 / 589,360 / 18,829,875
  • Dennis J. McGillicuddy: 44,853,685 / 21,318,386 / 19,777 / 18,829,875
• Auditor ratification: Ernst & Young LLP was ratified as the independent registered public accounting firm for fiscal year ending December 31, 2026 (For 66,582,699; Against 15,247,083; Abstain 3,191,941).
• Advisory (non‑binding) vote on executive compensation: Approved (For 38,438,867; Against 20,811,106; Abstain 6,941,875; Broker Non-Votes 18,829,875).

Why It Matters The meeting confirms board continuity with all five directors re-elected for another year and secures Ernst & Young as the company auditor for 2026—both items that affect governance and financial oversight. The advisory “say-on-pay” vote passed, signaling majority shareholder support for the company’s executive compensation approach, though the vote is non-binding. The reported broker non-votes indicate a portion of shares held by brokers did not vote on some proposals, which can influence the effective voting totals for contested or advisory items.