secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001213900-25-058426
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Franklin BSP Capital shareholders elect directors, approve below-NAV stock sales
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- Edward G. Rendell elected Class II director with 65,913,611 votes for; Dennis M. Schaney elected with 5,109,830 votes for.
- Proposal to sell common stock below NAV approved: 49,778,168 for, 18,360,692 against (ex-affiliated: 49,436,589 for).
- Authorization allows issuance of up to 25% of outstanding common stock below NAV, subject to board approval.
- Meeting held June 23, 2025; record date April 7, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000121390025058426/0001213900-25-058426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000121390025058426/ea0246798-8k_franklin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-058426

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer