FBRT reappoints Richard Byrne as CEO; Comparato resigns for family reasons

Franklin BSP Realty Trust, Inc.

Michael Comparato resigned as CEO Sept 15, 2026 to spend more time with family; stays as BSP Senior Advisor through 2027.
Richard Byrne reappointed CEO effective Sept 16, 2026; he was CEO 2016-Feb 2026 and remains Chairman.
CFO/COO Jerome Baglien named Co-President alongside Brian Buffone, will lead BSP's CRE debt platform.
Leadership changes effective immediately; no financial guidance or restatement provided.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jerome S. Baglien

Co-President

FBRT · Franklin BSP Realty Trust, Inc.

Effective: 2026-09-16
Filed: September 17, 2026, 8:43 AM ET

appointed Jerome S. Baglien, the Company’s Chief Financial Officer and Chief Operating Officer, to serve as Co-President of the Company, effective immediately

Departed

Michael Comparato

Chief Executive Officer

FBRT · Franklin BSP Realty Trust, Inc.

Effective: 2026-09-15
Successor: Richard J. Byrne
Filed: September 17, 2026, 8:43 AM ET

resigned as the Company’s Chief Executive Officer on September 15, 2026

Appointed

Richard J. Byrne

Chief Executive Officer

FBRT · Franklin BSP Realty Trust, Inc.

Effective: 2026-09-16
Filed: September 17, 2026, 8:43 AM ET

reappointed Richard J. Byrne as the Company’s Chief Executive Officer, effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerome S. Baglien was appointed as Co-President at Franklin BSP Realty Trust, Inc..

Action: appointed as Co-President
Role: Co-President

Exact text from the filing

appointed Jerome S. Baglien, the Company’s Chief Financial Officer and Chief Operating Officer, to serve as Co-President of the Company, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Comparato departed as Chief Executive Officer at Franklin BSP Realty Trust, Inc..

Action: resigned as CEO
Role: Chief Executive Officer

Exact text from the filing

resigned as the Company’s Chief Executive Officer on September 15, 2026

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard J. Byrne was appointed as Chief Executive Officer at Franklin BSP Realty Trust, Inc..

Action: reappointed as CEO
Role: Chief Executive Officer

Exact text from the filing

reappointed Richard J. Byrne as the Company’s Chief Executive Officer, effective immediately

View on SEC.gov

Franklin BSP Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-108440

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