Source-grounded facts extracted from FRANKLIN STREET PROPERTIES CORP /MA/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Approval, by non-binding vote, of executive compensation at the 2026-05-14 meeting.
“(3) The proposal to approve, by non-binding vote, the Company’s executive compensation was approved. The final number of votes cast for, against or abstaining from voting on that proposal and broker non-votes are listed below. For Against Abstain Broker Non-Votes 38,438,867 20,811,106 6,941,875 18,829,875”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Ratification of the Audit Committee’s appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-14 meeting.
“(2) The proposal to ratify the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was approved. The final number of votes cast for, against or abstaining from voting on that proposal are listed below. For Against Abstain 66,582,699 15,247,083 3,191,941”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Election of five directors to serve for a one-year term expiring at the 2027 Annual Meeting at the 2026-05-14 meeting.
“(1) The following table sets forth the names of the directors elected at the 2026 Annual Meeting for a new one-year term expiring at the 2027 Annual Meeting of Stockholders and the final number of votes cast for, against or abstaining from voting for each director and broker non-votes. Name For Against Abstain Broker Non-Votes George J. Carter 46,536,170 19,626,001 29,677 18,829,875 Georgia Murray 45,085,297 20,517,242 589,309 18,829,875 Jennifer Bitterman 53,262,700 12,342,193 586,955 18,829,875 John N. Burke 45,368,532 20,233,956 589,360 18,829,875 Dennis J. McGillicuddy 44,853,685 21,318,386 19,777 18,829,875”
FRANKLIN STREET PROPERTIES CORP /MA/ reported first quarter ended March 31, 2026 results: net income $9.5 million, EPS $0.09 per basic and diluted share.
“GAAP net loss was $9.5 million, or $0.09 per basic and diluted share for the three months ended March 31, 2026.”
FRANKLIN STREET PROPERTIES CORP /MA/ reported the fourth quarter and full year ended December 31, 2025 results: net income GAAP net loss was $7.3 million and $45.0 million, or $0.07 and $0.43 per basic and diluted share for the three and twelv, EPS $0.07 and $0.43 per basic and diluted share.
“On March 9, 2026, Franklin Street Properties Corp. (the “Registrant”) announced its financial results for the fourth quarter and full year ended December 31, 2025.”
FRANKLIN STREET PROPERTIES CORP /MA/ incurred credit facility of up to $320,000,000 aggregate principal commitments, consisting of $275,000,000 initial term loans and up to $45,000,000 with Silver Oak Capital LLC (affiliate of TPG Credit) at 9.0% per annum (increasing to 13.0% if extension option exercised); original iss maturing February 26, 2029, with potential extension of up to one year.
“The New Credit Agreement provides for a secured credit facility (the “Credit Facility”) for aggregate principal commitments of up to $320,000,000, consisting of (i) initial term loans in an aggregate principal amount of $275,000,000 (the “Initial Term Loans”), and (ii) delayed draw term loans available upon the approval of the Lenders after the Closing Date in an aggregate principal amount of up to $45,000,000 (the “Delayed Draw Term Loans” and together with the Initial Term Loans, the “Term Loans”).”
FRANKLIN STREET PROPERTIES CORP /MA/ terminated Second Amended and Restated Credit Agreement (effective 2026-02-26).
“On February 26, 2026, in connection with the entry into the New Credit Agreement described above, the Company terminated and prepaid all outstanding indebtedness under (i) the Second Amended and Restated Credit Agreement, dated as of September 27, 2018 (as amended by the First A”
FRANKLIN STREET PROPERTIES CORP /MA/ entered into New Credit Agreement with Alter Domus (US) LLC, as administrative agent, and Silver Oak Capital LLC, an affiliate of TPG Credit (collectively, the Lenders) valued at $320,000,000 (effective 2026-02-26).
“On February 26, 2026 (the “Closing Date”), Franklin Street Properties Corp. (the “Company”) entered into a Credit Agreement (the “New Credit Agreement”) with Alter Domus (US) LLC, as administrative agent (the “Agent”), and Silver Oak Capital LLC, an affiliate of TPG Credit (collectively, the lenders from time to time party thereto, the “Lenders”).”
Brian N. Hansen departed as Director at FRANKLIN STREET PROPERTIES CORP /MA/.
“On March 7, 2025, Mr. Brian N. Hansen, a member of our Board of Directors (the “Board”), notified us of his decision not to stand for re-election at our upcoming 2025 annual meeting of stockholders scheduled for May 15, 2025 (the “2025 Annual Meeting”).”
Kenneth A. Hoxsie departed as Director at FRANKLIN STREET PROPERTIES CORP /MA/.
“On February 14, 2025, Mr. Kenneth A. Hoxsie, a member of our Board of Directors (the “Board”), notified us of his decision not to stand for re-election at our upcoming 2025 annual meeting of stockholders scheduled for May 15, 2025”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Approve, by non-binding vote, the Company’s executive compensation at the 2024-05-16 meeting.
“The proposal to approve, by non-binding vote, the Company’s executive compensation was approved. The final number of votes cast for, against or abstaining from voting on that proposal and broker non-votes are listed below. For Against Abstain Broker Non-Votes 59,819,506 3,773,782 479,067 16,315,043”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Ratify the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-05-16 meeting.
“The proposal to ratify the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved. The final number of votes cast for, against or abstaining from voting on that proposal are listed below. For Against Abstain 78,668,248 1,297,626 421,524”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Election of seven directors to serve until the 2025 Annual Meeting of Stockholders at the 2024-05-16 meeting.
“The following table sets forth the names of the directors elected at the 2024 Annual Meeting for a new one-year term expiring at the 2025 Annual Meeting of Stockholders and the final number of votes cast for or against each director and the number of broker non-votes.”
FRANKLIN STREET PROPERTIES CORP /MA/ reported the three months ended March 31, 2024 results: net income $7.6 million, EPS $0.07 per basic and diluted share.
“Franklin Street Properties Corp. Announces First Quarter 2024 Results”
Kathryn P. O'Neil departed as Director at FRANKLIN STREET PROPERTIES CORP /MA/.
“On February 27, 2024, Ms. Kathryn P. O’Neil, a member of our Board of Directors (the “Board”), notified us of her decision not to stand for re-election at our upcoming 2024 annual meeting of stockholders scheduled for May 16, 2024 (the “2024 Annual Meeting”).”
FRANKLIN STREET PROPERTIES CORP /MA/ completed a disposition involving LEN Blue Lagoon, LLC (as successor-in-interest to Lennar Homes, LLC) for gross purchase price was $68,000,000 (closed 2023-12-06).
“other than in respect of the Agreement and the Lease, among the Seller and the Buyer, or any of their respective affiliates. The gross purchase price for the Property was $68,000,000. The Registrant intends to use the proceeds from the sale of the Property primarily for the repayment of debt. --- EX-99.1 (EX-99.1) --- SELECTED COMBINING CONDENSED”
FRANKLIN STREET PROPERTIES CORP /MA/ reported three and nine months ended September 30, 2023 results: net income $45.7 million net loss and $51.7 million net loss, EPS $0.44 and $0.50 per basic and diluted share loss.
“GAAP net loss was $45.7 million and $51.7 million, or $0.44 and $0.50 per basic and diluted share for the three and nine months ended September 30, 2023, respectively.”
FRANKLIN STREET PROPERTIES CORP /MA/ completed a disposition involving Land Legacy LP and Manas Legacy LP (as successors-in-interest to LLL Four Forest, LLC) for $48,000,000 (closed 2023-10-26).
“relationships, other than in respect of the Agreement, among the Seller and the Buyer, or any of their respective affiliates. The gross purchase price for the Property was $48,000,000. The Registrant expects to record a gain of approximately $10,570,000 in the fourth quarter of 2023 in connection with the sale of the Property. The Registrant intends to use”
FRANKLIN STREET PROPERTIES CORP /MA/ reported six months ended June 30, 2023 results: net income $6.0 million, EPS $0.06 per basic and diluted share.
“GAAP net loss was $8.4 million and $6.0 million, or $0.08 and $0.06 per basic and diluted share for the three and six months ended June 30, 2023, respectively.”
FRANKLIN STREET PROPERTIES CORP /MA/ reported three months ended June 30, 2023 results: net income $8.4 million, EPS $0.08 per basic and diluted share.
“GAAP net loss was $8.4 million and $6.0 million, or $0.08 and $0.06 per basic and diluted share for the three and six months ended June 30, 2023, respectively.”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-11 meeting.
“(4) The stockholders recommended, by non-binding vote, that future votes on the Company’s executive compensation be held every year. The final number of votes cast for “1 YEAR”, “2 YEARS”, “3 YEARS” or abstaining from voting on that proposal are listed below. 1 YEAR 2 YEARS 3 YEARS Abstain 76,571,595 52,759 2,721,227 107,888”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Advisory vote to approve executive compensation at the 2023-05-11 meeting.
“(3) The proposal to approve, by non-binding vote, the Company’s executive compensation was approved. The final number of votes cast for, against or abstaining from voting on that proposal and broker non-votes are listed below. For Against Abstain Broker Non-Votes 76,936,220 2,357,171 160,078 5,873,890”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Ratification of the Audit Committee's appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2023 at the 2023-05-11 meeting.
“(2) The proposal to ratify the Audit Committee’s appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved. The final number of votes cast for, against or abstaining from voting on that proposal are listed below. For Against Abstain 83,571,677 1,681,939 73,743”
FRANKLIN STREET PROPERTIES CORP /MA/ shareholders approved Election of eight directors to serve until 2024 annual meeting at the 2023-05-11 meeting.
“(1) The following table sets forth the names of the directors elected at the 2023 Annual Meeting for a new one-year term expiring at the 2024 Annual Meeting of Stockholders and the final number of votes cast for or against each director and the number of broker non-votes. Name For Against Broker Non-Votes George J. Carter 76,825,472 2,627,997 5,873,890 Georgia Murray 76,460,764 2,992,705 5,873,890 Brian N. Hansen 78,025,926 1,427,543 5,873,890 John N. Burke 75,448,190 4,005,279 5,873,890 Dennis J. McGillicuddy 77,092,567 2,360,902 5,873,890 Kenneth A. Hoxsie 71,532,799 7,920,670 5,873,890 Kathryn P. O’Neil 76,675,782 2,777,687 5,873,890 Milton P. Wilkins, Jr. 77,275,415 2,178,054 5,873,890”
FRANKLIN STREET PROPERTIES CORP /MA/ reported the three months ended March 31, 2023 results: net income $2.4 million, EPS $0.02 per basic and diluted share.
“Franklin Street Properties Corp. (the “Registrant”) announced its financial results for the three months ended March 31, 2023.”
FRANKLIN STREET PROPERTIES CORP /MA/ reported year ended December 31, 2022 results: net income $1.1 million, EPS $0.01 per basic and diluted share.
“GAAP net income was $1.1 million or $0.01 per basic and diluted share, for the year ended December 31, 2022”
FRANKLIN STREET PROPERTIES CORP /MA/ reported three months ended December 31, 2022 results: net income $2.9 million, EPS $0.03 per basic and diluted share.
“GAAP net loss was $2.9 million or $0.03 per basic and diluted share for the three months ended December 31, 2022”
FRANKLIN STREET PROPERTIES CORP /MA/ amended term loan of The BMO Term Loan was initially for an unsecured term loan borrowing in the amount of $220 million, of which $125 millio with Bank of Montreal at change the interest rate from a number of basis points over LIBOR depending on t maturing extend the maturity date from January 31, 2024 to October 1, 2024.
“The BMO First Amendment amended the Second Amended and Restated Credit Agreement dated September 27, 2018 among the Company and the lending institutions party thereto (the “Original BMO Credit Agreement”) to, among other things, (i) extend the maturity date from January 31, 2024 to October 1, 2024 and (ii) change the interest rate from a number of basis points over LIBOR depending on the Company’s credit rating under the Original BMO Credit Agreement to 300 basis points over SOFR. The BMO Term Loan was initially for an unsecured term loan borrowing in the amount of $220 million, of which $125 million remains outstanding.”
FRANKLIN STREET PROPERTIES CORP /MA/ amended revolving credit of reduce availability for borrowings, at the Company’s election, from up to $237.5 million to up to $150 million with Bank of America, N.A. at change the interest rate from a number of basis points over the Secured Overnigh maturing extend the maturity date from January 12, 2024 to October 1, 2024.
“The BofA First Amendment amended the Credit Agreement dated January 10, 2022 among the Company and the lending institutions party thereto (the “Original BofA Credit Agreement”) to, among other things, (i) extend the maturity date from January 12, 2024 to October 1, 2024, (ii) reduce availability for borrowings, at the Company’s election, from up to $237.5 million to up to $150 million, and (iii) change the interest rate from a number of basis points over the Secured Overnight Financing Rate (“SOFR”) depending on the Company’s credit rating under the Original BofA Credit Agreement to 300 basis points over SOFR.”
FRANKLIN STREET PROPERTIES CORP /MA/ amended First Amendment to Second Amended and Restated Credit Agreement (BMO First Amendment) with Bank of Montreal valued at Extended maturity from Jan 31, 2024 to Oct 1, 2024; interest changed from LIBOR-based to SOFR+300bps (effective 2023-02-10).
“On February 10, 2023, the Company entered into a First Amendment to Second Amended and Restated Credit Agreement (the “BMO First Amendment”) with Bank of Montreal, as administrative agent, and the other lending institutions party thereto to amend its existing term loan (as amended by the BMO First Amendment, the “BMO Term Loan”). The BMO First Amendment amended the Second Amended and Restated Credit Agreement dated September 27, 2018 among the Company and the lending institutions party thereto (the “Original BMO Credit Agreement”) to, among other things, (i) extend the maturity date from January 31, 2024 to October 1, 2024 and (ii) change the interest rate from a number of basis points over LIBOR depending on the Company’s credit rating under the Original BMO Credit Agreement to 300 basis points over SOFR.”
FRANKLIN STREET PROPERTIES CORP /MA/ amended First Amendment to Credit Agreement (BofA First Amendment) with Bank of America, N.A. valued at Extended maturity to 2024-10-01; reduced availability from $237.5M to $150M (further reductions to $ (effective 2023-02-10).
“On February 10, 2023, Franklin Street Properties Corp. (the “Company”) entered into a First Amendment to Credit Agreement (the “BofA First Amendment”) with Bank of America, N.A., as administrative agent, a letter of credit issuer and a lender, and the other lending institutions party thereto to amend its existing revolving line of credit (as amended by the BofA First Amendment, the “BofA Revolver”). The BofA First Amendment amended the Credit Agreement dated January 10, 2022 among the Company and the lending institutions party thereto (the “Original BofA Credit Agreement”) to, among other things, (i) extend the maturity date from January 12, 2024 to October 1, 2024, (ii) reduce availability for borrowings, at the Company’s election, from up to $237.5 million to up to $150 million, and (iii) change the interest rate from a number of basis points over the Secured Overnight Financing Rate (“SOFR”) depending on the Company’s credit rating under the Original BofA Credit Agreement to 300 bas”
FRANKLIN STREET PROPERTIES CORP /MA/: Amended and restated Bylaws to address virtual stockholder meetings, adjournment authority, and advance notice requirements for director nominations and stockholder proposals, including compliance with universal proxy rules (effective 2023-02-02).
“On and effective February 2, 2023, the Board of Directors (the “Board”) of Franklin Street Properties Corp., a Maryland corporation (the “Company”), amended and restated the Company’s Bylaws (as amended and restated, the “Amended Bylaws”).”
FRANKLIN STREET PROPERTIES CORP /MA/ reported third quarter ended September 30, 2022 results: net income GAAP net income was $17.2 million and $4.0 million, or $0.17 and $0.04 per basic and diluted share, for the three and ni, EPS $0.17 and $0.04 per basic and diluted share, for the three and nine months ended September 30, 2022, respectively.. Guidance lowered.
“Franklin Street Properties Corp. Announces Third Quarter 2022 Results”
Milton P. Wilkins, Jr. was elected as Director at FRANKLIN STREET PROPERTIES CORP /MA/.
“elected Milton P. Wilkins, Jr. as a director of the Company, effective as of February 16, 2022, to fill a vacancy on the Board”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.