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Franklin BSP Realty Trust (FBRT) stockholders back directors, auditor and pay at 2026 meeting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. held its 2026 annual stockholder meeting on June 8, 2026. Stockholders elected six directors — Pat Augustine, Richard J. Byrne, Joe Dumars, Peter J. McDonough, Buford H. Ortale and Elizabeth K. Tuppeny — to one-year terms ending at the 2027 annual meeting. Stockholders also approved the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, stockholders approved, on an advisory basis, the compensation of the company’s named executive officers.

Positive

  • None.

Negative

  • None.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Votes for Joe Dumars 44,744,702 votes Election of directors at 2026 annual meeting
Votes for Pat Augustine 44,197,399 votes Election of directors at 2026 annual meeting
Votes for auditor ratification 58,612,929 votes Ratification of PwC for fiscal year ending December 31, 2026
Votes for say-on-pay 40,071,017 votes Advisory vote on named executive officer compensation
Votes against say-on-pay 5,413,939 votes Advisory vote on named executive officer compensation
Broker non-votes (directors) 13,533,732 votes Reported for each director nominee line item
broker non-votes financial
"Votes Abstained | | Broker Non-Votes Pat Augustine ... 194,804 | | 13,533,732"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory vote on the compensation financial
"an advisory vote on the compensation of the Company’s Named Executive Officers"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Submission of Matters to a Vote of Security Holders regulatory
"Item 5.07. Submission of Matters to a Vote of Security Holders"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): June 8, 2026

 

Franklin BSP Realty Trust, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland 001-40923 46-1406086
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)    Identification No.) 

 

1 Madison Ave., Suite 1600

New York, New York 10010

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (212) 588-6770

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which
registered
Common Stock, par value $0.01 per share FBRT New York Stock Exchange
7.50% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share FBRT PRE New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

The 2026 annual meeting of stockholders (the “Annual Meeting”) of Franklin BSP Realty Trust, Inc. (the “Company”) was held on June 8, 2026.

 

At the Annual Meeting, stockholders voted on (i) the election of Pat Augustine, Richard J. Byrne, Joe Dumars, Peter J. McDonough, Buford H. Ortale and Elizabeth K. Tuppeny to the Company’s Board of Directors for one-year terms until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified; (ii) the ratification of the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm for the year ending December 31, 2026; and (iii) an advisory vote on the compensation of the Company’s Named Executive Officers.

 

The final results for each of these matters are as follows:

 

Proposal No. 1 - Election of Directors

 

Each of the following directors was elected to hold office until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified.

 

Nominee   Votes For   Votes Against   Votes Abstained   Broker Non-Votes
Pat Augustine   44,197,399   1,506,854   194,804   13,533,732
Richard J. Byrne   43,144,273   2,561,401   193,383   13,533,732
Joe Dumars   44,744,702   962,737   191,618   13,533,732
Peter J. McDonough   41,074,290   4,631,801   192,966   13,533,732
Buford H. Ortale   44,184,291   1,521,395   193,371   13,533,732
Elizabeth K. Tuppeny   42,266,447   3,445,989   186,621   13,533,732

 

Proposal No. 2 - Ratification of the Appointment of PwC as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2026:

 

The proposal was approved.

 

Votes For   Votes Against   Votes Abstained   Broker Non-Votes
58,612,929   616,987   202,873   --

 

Proposal No. 3 - Advisory Vote on the Compensation of the Company’s Named Executive Officers:

 

The proposal was approved.

 

Votes For   Votes Against   Votes Abstained   Broker Non-Votes
40,071,017   5,413,939   414,101   13,533,732

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

FRANKLIN BSP REALTY TRUST, INC.  
   
By: /s/ Jerome S. Baglien  
Name: Jerome S. Baglien  
Title: Chief Financial Officer and Chief Operating Officer  

 

Date: June 9, 2026

 

 

 

FAQ

What did Franklin BSP Realty Trust (FBRT) stockholders vote on at the 2026 annual meeting?

Stockholders voted on electing six directors, ratifying PricewaterhouseCoopers LLP as auditor for 2026, and approving an advisory resolution on compensation for the named executive officers. All three proposals received sufficient support to pass.

Who was elected to Franklin BSP Realty Trust’s board at the 2026 annual meeting?

Stockholders elected Pat Augustine, Richard J. Byrne, Joe Dumars, Peter J. McDonough, Buford H. Ortale and Elizabeth K. Tuppeny. Each will serve a one-year term ending at the 2027 annual meeting, continuing the company’s existing board structure.

Was the auditor ratified at Franklin BSP Realty Trust’s 2026 stockholder meeting?

Yes. Stockholders approved the ratification of PricewaterhouseCoopers LLP as Franklin BSP Realty Trust’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with substantially more votes for than against or abstaining.

How did Franklin BSP Realty Trust (FBRT) stockholders vote on executive compensation?

Stockholders approved, on an advisory basis, the compensation of the company’s named executive officers. The proposal received 40,071,017 votes for, 5,413,939 votes against and 414,101 abstentions, with additional broker non-votes reported in the tally.

How many votes supported Franklin BSP Realty Trust’s director nominees in 2026?

Support varied by nominee, with "votes for" ranging from 41,074,290 for Peter J. McDonough to 44,744,702 for Joe Dumars. Each nominee also received votes against and abstentions, plus 13,533,732 broker non-votes reported for every director line item.

Filing Exhibits & Attachments

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