{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-005428","form_type":"8-K","ticker":"FBRT","cik":"0001562528","company_name":"Franklin BSP Realty Trust, Inc.","filed_at":"2023-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.588059+00:00","generated_at":"2026-06-20T12:27:44.859267+00:00","sec_items":["3.03","5.03","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Franklin BSP extends Series H mandatory conversion to Jan 2024; Series I fully converted","bullets":["Filed Amendment No. 1 to Series H Articles Supplementary extending mandatory conversion from Jan 19, 2023 to Jan 19, 2024.","Holder of Series H Preferred may convert up to 4,487 shares monthly through Dec 2023 upon 10 business days' notice.","All 1,000 outstanding shares of Series I Convertible Preferred converted into 299.2 common shares per share on Jan 19, 2023.","The sole Series H stockholder approved the Amendment via written consent on Jan 17, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-005428","json":"https://secwatch.observer/filing/0001104659-23-005428.json","markdown":"https://secwatch.observer/filing/0001104659-23-005428.md","text":"https://secwatch.observer/filing/0001104659-23-005428.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/tm234029d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T12:27:44.859267+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1df85991855117b96e76360a71b7eeb85c5ca18b","claim":"Franklin BSP Realty Trust, Inc.: Amended Articles Supplementary for Series H Convertible Preferred Stock to extend mandatory conversion date from January 19, 2023 to January 19, 2024 and permit monthly conversions of up to 4,487 shares (effective 2023-01-19).","evidence_excerpt":"Amendment No. 1 to Articles Supplementary for Series H Convertible Preferred Stock On January 19, 2023, Franklin BSP Realty Trust, Inc. (the “ Company ”) filed Amendment No. 1 (the “ Amendment ”) to the Articles Supplementary (the “ Series H Articles Supplementary ”) relating to the Company’s Series H Convertible Preferred Stock, $0.01 par value per share (the “ Series H Preferred Stock ”) with the Maryland State Department of Assessments and Taxation, which Amendment became effective upon filing.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm","confidence":0.95,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-01-19"}],"fact_type":"governance_change"},{"claim_id":"19409443eab90650550c2e9b2aaab0d1df69f65b","claim":"Franklin BSP Realty Trust, Inc. shareholders approved Approval of Amendment to the Certificate of Incorporation at the 2023-01-17 meeting.","evidence_excerpt":"On January 17, 2023, the sole stockholder of the Series H Preferred Stock executed and delivered to the Company a written consent approving the Amendment.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923005428/0001104659-23-005428-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-01-17"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}