Franklin BSP Capital Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: FRBP · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1825248
| Field | Detail |
|---|---|
| Company | Franklin Bsp Capital Corp (FRBP) |
| Form Type | DEF 14A |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001, $550,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Stockholder Vote, Virtual Meeting, Corporate Governance
TL;DR
<b>Franklin BSP Capital Corp. invites stockholders to its 2024 Annual Meeting on June 7, 2024, urging them to vote their shares.</b>
AI Summary
Franklin BSP Capital Corp (FRBP) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. The 2024 Annual Meeting of Stockholders for Franklin BSP Capital Corp. will be held virtually on June 7, 2024, at 11 a.m. Eastern Time. Stockholders are encouraged to vote their shares via the internet, telephone, or by mail using the provided proxy card or voting instruction form. Instructions for attending and participating in the virtual meeting are available at www.virtualshareholdermeeting.com/FBCC2024. Richard J. Byrne, Chairman and Chief Executive Officer, will provide an update on the company's progress and answer stockholder questions. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 19, 2024.
Why It Matters
For investors and stakeholders tracking Franklin BSP Capital Corp, this filing contains several important signals. This proxy statement outlines the business to be conducted at the annual meeting, providing stockholders with information to make informed voting decisions. The virtual format aims to increase accessibility for stockholders to participate in corporate governance and hear updates directly from leadership.
Risk Assessment
Risk Level: low — Franklin BSP Capital Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Stockholders should review the proxy materials and vote their shares by the deadline to ensure their participation in corporate decisions.
Key Numbers
- June 7, 2024 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
- 11 a.m. Eastern Time — Annual Meeting Time (Time of the 2024 Annual Meeting of Stockholders.)
- 20240419 — Filing Date (Date the Definitive Proxy Statement was filed.)
- 20240607 — Period of Report (Conformed period of report for the filing.)
Key Players & Entities
- Franklin BSP Capital Corp. (company) — Registrant and company holding the annual meeting.
- Richard J. Byrne (person) — Chairman and Chief Executive Officer of Franklin BSP Capital Corp.
- June 7, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
- 2024 (date) — Year of the Annual Meeting of Stockholders.
- 9 West 57th Street (location) — Business and mailing address of Franklin BSP Capital Corp.
- New York (location) — City of the business and mailing address.
- 1934 Act (regulation) — Securities Exchange Act of 1934, under which the filing is made.
- DEF 14A (form_type) — Form type for the Definitive Proxy Statement.
FAQ
When did Franklin BSP Capital Corp file this DEF 14A?
Franklin BSP Capital Corp filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Franklin BSP Capital Corp (FRBP).
Where can I read the original DEF 14A filing from Franklin BSP Capital Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Franklin BSP Capital Corp.
What are the key takeaways from Franklin BSP Capital Corp's DEF 14A?
Franklin BSP Capital Corp filed this DEF 14A on April 19, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Franklin BSP Capital Corp. will be held virtually on June 7, 2024, at 11 a.m. Eastern Time.. Stockholders are encouraged to vote their shares via the internet, telephone, or by mail using the provided proxy card or voting instruction form.. Instructions for attending and participating in the virtual meeting are available at www.virtualshareholdermeeting.com/FBCC2024..
Is Franklin BSP Capital Corp a risky investment based on this filing?
Based on this DEF 14A, Franklin BSP Capital Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading Franklin BSP Capital Corp's DEF 14A?
Stockholders should review the proxy materials and vote their shares by the deadline to ensure their participation in corporate decisions. The overall sentiment from this filing is neutral.
How does Franklin BSP Capital Corp compare to its industry peers?
Franklin BSP Capital Corp. operates within the financial services sector, likely as a business development company or investment firm, requiring regular shareholder engagement through annual meetings.
Are there regulatory concerns for Franklin BSP Capital Corp?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies for shareholder meetings.
Industry Context
Franklin BSP Capital Corp. operates within the financial services sector, likely as a business development company or investment firm, requiring regular shareholder engagement through annual meetings.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies for shareholder meetings.
What Investors Should Do
- Review the proxy statement for details on proposals and voting procedures.
- Vote shares by the specified deadline using the provided internet, phone, or mail options.
- Attend the virtual annual meeting on June 7, 2024, to hear updates and ask questions.
Key Dates
- 2024-06-07: 2024 Annual Meeting of Stockholders — Key date for stockholders to vote and participate in company governance.
- 2024-04-19: Filing Date of DEF 14A — Indicates the proxy materials are now publicly available.
Year-Over-Year Comparison
This filing is a DEF 14A, indicating it is the definitive proxy statement for the upcoming annual meeting, following any preliminary filings.
Filing Stats: 4,424 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2024-04-19 10:29:11
Key Financial Figures
- $0.001 — tock and our preferred stock, par value $0.001 per share, at the close of business on
- $550,000 — dge will receive a fee of approximately $550,000 for proxy solicitation services provide
Filing Documents
- ea0202633-02.htm (DEF 14A) — 1284KB
- tfranklin_logo.jpg (GRAPHIC) — 45KB
- tproxy_001.jpg (GRAPHIC) — 1001KB
- tproxy_002.jpg (GRAPHIC) — 1192KB
- tproxy_003.jpg (GRAPHIC) — 1000KB
- tproxy_004.jpg (GRAPHIC) — 1194KB
- 0001213900-24-034322.txt ( ) — 7389KB
From the Filing
DEF 14A 1 ea0202633-02.htm PROXY STATEMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ SCHEDULE 14A ___________________ Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.    ) Filed by the Registrant   Filed by a party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Confidential, For Use of the Commission Only (as Permitted by Rule 14a -6 (e)(2))   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material Pursuant to §240.14a -12 FRANKLIN BSP CAPITAL CORPORATION (Name of Registrant as Specified in Its Charter) _________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply):   No fee required   Fee paid previously with preliminary materials   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a -6 (i)(1) and 0 -11   Table of Contents Franklin BSP Capital Corporation Dear Stockholder: You are cordially invited to attend Franklin BSP Capital Corporation’s 2024 Annual Meeting of Stockholders to be held virtually on June 7 , 2024 at 11 a.m. Eastern Time. Instructions on how to attend, participate in and vote at the Annual Meeting, including how to demonstrate ownership of stock as of the record date, are available at www.virtual shareholdermeeting.com / FBCC2024 . The Notice of Annual Meeting and proxy statement accompanying this letter provide an outline of the business to be conducted at the meeting. I will also report on the progress of the Company and answer stockholders’ questions. It is important that your shares be represented at the Annual Meeting. If you are a stockholder of record, whether or not you are able to attend the meeting virtually, I urge you to vote your shares by using the Internet as described on the proxy card, by completing, dating and signing the enclosed proxy card and promptly returning it in the envelope provided or, alternatively, by calling the toll -free telephone number as described on the proxy card. If a broker or other nominee holds your shares in “street name,” your broker has enclosed a voting instruction form, which you should use to vote those shares if you are unable to attend the meeting virtually. The voting instruction form indicates whether you have the option to vote those shares by telephone or by using the Internet. Your vote is important. Sincerely yours, / s / Richard J. Byrne     Richard J. Byrne Chairman and Chief Executive Officer       Table of Contents FRANKLIN BSP CAPITAL CORPORATION 9 West 57 th Street, 49 th Floor, Suite 4920 New York, New York NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held on June 7 , 2024 April 4, 2024 To the Stockholders of Franklin BSP Capital Corporation: I am pleased to invite our stockholders to the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of Franklin BSP Capital Corporation, a Delaware corporation (the “Company”). The Annual Meeting will be held on June 7, 2024, commencing at 11 a.m. Eastern Time. The Annual Meeting will be a completely “virtual meeting.” Instructions on how to attend, participate in and vote at the Annual Meeting, including how to demonstrate ownership of stock as of the record date, are available at www.virtualshareholdermeeting.com / FBCC2024 . At the Annual Meeting, holders of the outstanding shares of the Company’s common stock and the outstanding shares of the Company’s preferred stock, voting together as a single class, will be asked to (i) elect one (1) member to the Company’s Board of Directors, (ii) authorize the Company, with approval of its Board of Directors, to sell or otherwise issue up to 25% of the Company’s outstanding common stock at a price below the Company’s then -current net asset value (“NAV”) per share, and (iii) consider and act on such other matters as may properly come before the Annual Meeting and any adjournment thereof. Additionally, holders of the outstanding shares of the Company’s preferred stock, voting separately as a single class, will be asked to elect one (1) member to the Company’s Board of Directors. Our Board of Directors has fixed the close of business on April 4, 2024 as the record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting or any adjournment or postponement thereof.