Franklin BSP Realty Trust annual meeting: supermajority amendment fails, say-on-pay passes

Franklin BSP Realty Trust, Inc.

Proposal to eliminate supermajority voting failed with 43.3M for, 620.7K against, not reaching two-thirds threshold.
Advisory vote on executive compensation approved: 34.8M for, 9.0M against, 363.5K abstain.
Advisory vote on frequency: 43.1M favored every year; board will hold annual say-on-pay votes.
All seven director nominees elected, with Peter J. McDonough receiving the most votes against (3.4M).
Proposal to ratify Ernst & Young as auditor was withdrawn; audit committee changed auditors post-meeting.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Franklin BSP Realty Trust, Inc. shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers at the 2023-05-31 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-05-31

Exact text from the filing

Proposal No. 5 – Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers: Votes For Every Year Votes For Every Two Years Votes for Every Three Years Votes Abstained 43,081,933 170,238 657,498 264,243

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Franklin BSP Realty Trust, Inc. shareholders rejected Amendment to the Company’s Articles of Amendment and Restatement to eliminate supermajority voting requirements at the 2023-05-31 meeting.

Proposal: charter amendment
Outcome: failed
Meeting: 2023-05-31

Exact text from the filing

Proposal No. 2 – Amendment to the Company’s Articles of Amendment and Restatement to eliminate supermajority voting requirements: Because Proposal No. 2 failed to receive the affirmative vote of the holders of not less than two-thirds of the shares then outstanding and entitled to vote at the Annual Meeting, the proposal was not approved.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Franklin BSP Realty Trust, Inc. shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2023-05-31 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-31

Exact text from the filing

Proposal No. 4 – Advisory Vote on the Compensation of the Company’s Named Executive Officers: The proposal was approved. Votes For Votes Against Votes Abstained Broker Non-Votes 34,793,099 9,017,352 363,461 12,809,314

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Franklin BSP Realty Trust, Inc. shareholders approved Election of directors at the 2023-05-31 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-31

Exact text from the filing

Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Pat Augustine 43,197,370 750,714 225,828 12,809,314

View on SEC.gov

Browse all shareholder votes →

Franklin BSP Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-068543

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.