Franklin Street Properties expands board to 8, appoints Bruce Schanzer under cooperation pact

FRANKLIN STREET PROPERTIES CORP /MA/

Cooperation agreement with Converium Capital and Erez Asset Management effective Nov 27, 2024.
Board increased from 7 to 8 directors; Bruce Schanzer appointed to board and audit committee.
Stockholder parties agree to vote for board nominees and standstill through Dec 31, 2025 (extendable to 2026).
Schanzer to be nominated at 2025 annual meeting; will join compensation committee by June 1, 2025.
Company must consider up to two Converium-recommended candidates if additional director appointed during cooperation period.

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