{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-068543","form_type":"8-K","ticker":"FBRT","cik":"0001562528","company_name":"Franklin BSP Realty Trust, Inc.","filed_at":"2023-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.402544+00:00","generated_at":"2026-06-14T06:37:01.651276+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Franklin BSP Realty Trust annual meeting: supermajority amendment fails, say-on-pay passes","bullets":["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with Peter J. McDonough receiving the most votes against (3.4M).","Proposal to ratify Ernst & Young as auditor was withdrawn; audit committee changed auditors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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-068543","json":"https://secwatch.observer/filing/0001104659-23-068543.json","markdown":"https://secwatch.observer/filing/0001104659-23-068543.md","text":"https://secwatch.observer/filing/0001104659-23-068543.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/0001104659-23-068543-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/tm2317846d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:37:01.651276+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":"188c6a8e09075f81269b78aa5a3c736396a7cba4","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/0001104659-23-068543-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"42eb94f43cd2bdef6c211b94a6eed37dabde9135","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/0001104659-23-068543-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"68efadffa3995ed6253224f2745a5a3a6e6b8b53","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/0001104659-23-068543-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"},{"claim_id":"fb903cbef490ce09174966d454f4aed4afd2d9e4","claim":"Franklin BSP Realty Trust, Inc. shareholders approved Election of directors at the 2023-05-31 meeting.","evidence_excerpt":"Nominee Votes For Votes Against Votes Abstained Broker Non-Votes Pat Augustine 43,197,370 750,714 225,828 12,809,314","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562528/000110465923068543/0001104659-23-068543-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-31"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}