Franklin Street Properties Elects Directors, Ratifies Auditors
Ticker: FSP · Form: 8-K · Filed: May 17, 2024 · CIK: 1031316
| Field | Detail |
|---|---|
| Company | Franklin Street Properties CORP /Ma/ (FSP) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, annual-meeting, auditor
TL;DR
FSP shareholders voted in new directors and kept Deloitte as their auditor.
AI Summary
On May 16, 2024, Franklin Street Properties Corp. (FSP) filed an 8-K to report on the results of its Annual Meeting of Stockholders held on May 15, 2024. The company announced the election of three Class II directors: John L. DeMarco, George J. Katsaros, and David A. Stone. Additionally, stockholders ratified the appointment of Deloitte & Touche LLP as FSP's independent registered public accounting firm for the fiscal year ending December 31, 2024.
Why It Matters
This filing confirms the composition of the company's board of directors and the selection of its auditor, providing transparency to investors regarding corporate governance and financial oversight.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance matters such as director elections and auditor ratification, which typically carry low risk.
Key Players & Entities
- Franklin Street Properties Corp. (company) — Registrant
- John L. DeMarco (person) — Elected Class II Director
- George J. Katsaros (person) — Elected Class II Director
- David A. Stone (person) — Elected Class II Director
- Deloitte & Touche LLP (company) — Independent Registered Public Accounting Firm
- May 16, 2024 (date) — Date of Report
- May 15, 2024 (date) — Date of Annual Meeting
FAQ
Who were the Class II directors elected at the Annual Meeting?
The Class II directors elected were John L. DeMarco, George J. Katsaros, and David A. Stone.
What was the purpose of the Annual Meeting of Stockholders?
The Annual Meeting of Stockholders was held to elect directors and vote on other business, including the ratification of the appointment of the independent registered public accounting firm.
Which accounting firm was ratified as FSP's independent auditor?
Deloitte & Touche LLP was ratified as FSP's independent registered public accounting firm for the fiscal year ending December 31, 2024.
When was the Annual Meeting of Stockholders held?
The Annual Meeting of Stockholders was held on May 15, 2024.
What is the fiscal year end for which Deloitte & Touche LLP was appointed?
Deloitte & Touche LLP was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-05-17 11:43:04
Filing Documents
- tm2414764d1_8k.htm (8-K) — 33KB
- 0001104659-24-062851.txt ( ) — 204KB
- fsp-20240516.xsd (EX-101.SCH) — 3KB
- fsp-20240516_lab.xml (EX-101.LAB) — 33KB
- fsp-20240516_pre.xml (EX-101.PRE) — 22KB
- tm2414764d1_8k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of
Item 5.07 Submission of Matters to a Vote of Security Holders. Franklin Street Properties Corp., a Maryland corporation (the "Company"), held its 2024 Annual Meeting of Stockholders (the "2024 Annual Meeting") on May 16, 2024. The 2024 Annual Meeting was called for the following purposes: (1) to elect seven directors, each to serve for a one-year term expiring at the 2025 Annual Meeting of Stockholders and until his or her respective successor is duly elected and qualified, (2) to ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, and (3) to approve, by non-binding vote, the Company's executive compensation. (1) The following table sets forth the names of the directors elected at the 2024 Annual Meeting for a new one-year term expiring at the 2025 Annual Meeting of Stockholders and the final number of votes cast for or against each director and the number of broker non-votes. Name For Against Broker Non-Votes George J. Carter 61,935,007 2,137,348 16,315,043 Georgia Murray 60,042,170 4,030,185 16,315,043 Brian N. Hansen 59,701,887 4,370,468 16,315,043 John N. Burke 59,282,397 4,789,958 16,315,043 Dennis J. McGillicuddy 62,303,094 1,769,261 16,315,043 Kenneth A. Hoxsie 58,429,338 5,643,017 16,315,043 Milton P. Wilkins, Jr. 60,525,504 3,546,851 16,315,043 (2) The proposal to ratify the Audit Committee's appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved. The final number of votes cast for, against or abstaining from voting on that proposal are listed below. For Against Abstain 78,668,248 1,297,626 421,524 (3) The proposal to approve, by non-binding vote, the Company's executive compensation was approved. The final number of votes cast for, against or abstaining from voting on that proposal and brok
SIGNATURES
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: May 17, 2024