other_material
confidence high
sentiment negative
materiality 0.50
Supermajority vote amendment fails at Franklin BSP Realty; directors elected, auditor ratified, say-on-pay passes
Franklin BSP Realty Trust, Inc.
- Amendment to eliminate supermajority voting failed; required 2/3 of outstanding shares but only 44.4M of ~58.5M eligible shares voted for.
- All seven director nominees (Augustine, Byrne, Dumars, Handwerker, McDonough, Ortale, Tuppeny) elected with over 43.8M votes for each.
- Ratification of PwC as independent auditor for 2025 approved: 58.0M for, 344K against, no broker non-votes.
- Advisory vote on executive compensation approved: 37.9M for, 6.9M against, with 13.4M broker non-votes.
item 5.07