---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-123727"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T13:24:19.620151+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-123727
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000110465924123727/0001104659-24-123727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000110465924123727/tm2429663d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-123727
- JSON: https://secwatch.observer/filing/0001104659-24-123727.json
- Plain text: https://secwatch.observer/filing/0001104659-24-123727.txt

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