---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-21-000127"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2021-07-01T23:59:59+00:00"
generated_at: "2026-06-30T08:14:10.309277+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources appoints Karen M. King to Board, expands board to 11

## Summary
- Karen M. King, Managing Director and Chief Legal Officer of Silver Lake, elected as director effective July 1, 2021.
- Board size increased from 10 to 11; King appointed to Audit and Compensation Committees.
- King determined independent under NYSE listing standards and company criteria.
- Bylaws amended June 29, 2021 to reflect board expansion to 11 directors.

## SEC filing metadata
- accession: 0000038777-21-000127
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2021-07-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877721000127/0000038777-21-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877721000127/ben-20210629.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-21-000127
- JSON: https://secwatch.observer/filing/0000038777-21-000127.json
- Plain text: https://secwatch.observer/filing/0000038777-21-000127.txt

## Key facts
- Executive change
  Karen M. King was elected as Director at FRANKLIN RESOURCES INC.
  - Action: elected
  - Role: Director
  source text: Effective July 1, 2021, the Board of Directors (the “Board”) of Franklin Resources, Inc. (the “Company”) elected Karen M. King to serve as a director of the Company, increasing the size of the Board from 10 to 11.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38777/000003877721000127/0000038777-21-000127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.