secwatch.observer — SEC 8-K summary
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Issuer:     Franklin BSP Capital Corp (FRBP)
CIK:        0001825248
Form:       8-K
Filed at:   2026-06-29T21:05:15+00:00
Accession:  0001213900-26-073189
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 Kramer, Michelson as directors, approve below-NAV stock sales
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- Ronald J. Kramer and Leslie D. Michelson elected Class III directors until 2029 with ~64.6M and ~65.0M votes for, respectively.
- Proposal to sell common stock below NAV passed with 54.4M for, 12.9M against, 4.0M abstentions (excluding affiliated shares).
- Below-NAV issuance capped at 25% of then-outstanding common stock per offering, subject to board approval.
- Meeting reconvened on June 23, 2026; record date April 7, 2026 with 135,981,783 common shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825248/000121390026073189/0001213900-26-073189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825248/000121390026073189/ea0296120-8k_franklin.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-073189

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