Franklin BSP Capital Corp 8-K

What Happened
Franklin BSP Capital Corporation (FRBP) filed an 8-K on January 29, 2026 announcing that its board appointed Jamie Smith as Chief Operating Officer effective January 28, 2026. Mr. Smith, age 50, currently serves as Managing Director and Chief Operating Officer of Private Debt at Benefit Street Partners L.L.C. (BSP) and will continue those roles concurrently with his new position at the Company. He previously served as Chief Operating Officer of Credit at Platinum Equity and holds an MBA from Fordham and a BBA from Baruch College.

Key Details

• Appointment effective date: January 28, 2026; 8-K filed January 29, 2026.
• Mr. Smith is 50 years old and will continue as Managing Director & COO of Private Debt at BSP while serving as FRBP’s COO.
• No family relationship with the Company’s directors or executive officers.
• Mr. Smith reported no material transactions with the Company since the start of the last fiscal year and has not entered into any material compensation, contract, grant or award in connection with this appointment.

Why It Matters
This is an executive-level change relevant to investors because the COO role affects operations and execution of the company's business strategy. The appointment links FRBP more closely to Benefit Street Partners’ leadership (Mr. Smith will retain his BSP roles), which may influence operational coordination between the manager and the company. The filing states there are no new material agreements or related-party transactions tied to the hire, so there is no immediate change to executive compensation or related-party disclosures from this item.