---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-099770"
form_type: "8-K"
ticker: "FSP"
cik: "0001031316"
company_name: "FRANKLIN STREET PROPERTIES CORP /MA/"
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:40:34.033611+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Director Schanzer resigns; Bitterman appointed; Converium cooperation extended through Dec 2026

## Summary
- Bruce Schanzer resigned from board effective Oct 9, 2025; no disagreement with company.
- Jennifer Bitterman elected to board on Oct 15, 2025, filling vacancy; she is independent and serves on Audit and Compensation Committees.
- Letter agreement extends certain Cooperation Agreement terms solely between Converium and company through Dec 31, 2026.
- Company agrees to nominate Bitterman at 2026 annual meeting; Converium supports nomination.
- Erez's obligations under Cooperation Agreement expected to terminate Nov 4, 2025.

## SEC filing metadata
- accession: 0001104659-25-099770
- form_type: 8-K
- ticker: FSP
- cik: 0001031316
- company_name: FRANKLIN STREET PROPERTIES CORP /MA/
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031316/000110465925099770/0001104659-25-099770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031316/000110465925099770/tm2528806d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-099770
- JSON: https://secwatch.observer/filing/0001104659-25-099770.json
- Plain text: https://secwatch.observer/filing/0001104659-25-099770.txt

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