Franklin BSP Capital Corporation (OTC: FRBP) appoints new principal financial officer
Rhea-AI Filing Summary
Franklin BSP Capital Corporation appointed Kathleen Oates as Chief Accounting Officer, serving as both Principal Financial Officer and Principal Accounting Officer, effective July 27, 2026. This change coincides with the previously reported departure of Nina Baryski from those roles.
Oates, age 37, is an Executive Director with Benefit Street Partners L.L.C., having joined in 2020 after serving as a Senior Manager in the asset and wealth management assurance practice at PricewaterhouseCoopers. She holds a Bachelor of Science in Finance and Accounting from Elon University and is a Certified Public Accountant. Her selection was not made pursuant to any arrangement with another person, and the company reports no family relationships or related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective appointment date: July 27, 2026
Age of new officer: 37 years
Year joined BSP: 2020
+1 more
4 metrics
Effective appointment date
July 27, 2026
Date Kathleen Oates became Chief Accounting Officer, Principal Financial Officer and Principal Accounting Officer
Age of new officer
37 years
Age of Kathleen Oates at the time of appointment
Year joined BSP
2020
Year Kathleen Oates joined Benefit Street Partners L.L.C.
Signature date
July 30, 2026
Date the report was signed by CEO and Chairman Richard J. Byrne
Key Terms
Principal Financial Officer, Principal Accounting Officer, Regulation S-K, Item 404(a)
4 terms
Principal Financial Officer financial
"appointed Kathleen Oates to serve as Chief Accounting Officer (Principal Financial Officer and Principal Accounting Officer)"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
Principal Accounting Officer financial
"serve as Chief Accounting Officer (Principal Financial Officer and Principal Accounting Officer) of the Company"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
Regulation S-K regulatory
"no transactions between Ms. Oates and the Company required to be reported under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Item 404(a) regulatory
"no transactions between Ms. Oates and the Company required to be reported under Item 404(a) of Regulation S-K"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What leadership change did Franklin BSP Capital Corporation (FRBP) disclose?
Franklin BSP Capital Corporation appointed Kathleen Oates as Chief Accounting Officer, also serving as Principal Financial Officer and Principal Accounting Officer. Her appointment became effective on July 27, 2026, following the previously reported departure of Nina Baryski from those roles.
What is Kathleen Oates’s background relevant to her new FRBP role?
Kathleen Oates, age 37, is an Executive Director at Benefit Street Partners L.L.C. She joined BSP in 2020 after working as a Senior Manager in PricewaterhouseCoopers’ asset and wealth management assurance practice and is a Certified Public Accountant with a finance and accounting degree.
When did Kathleen Oates’s appointment at FRBP become effective?
Her appointment as Chief Accounting Officer, Principal Financial Officer, and Principal Accounting Officer became effective on July 27, 2026. The board of directors of Franklin BSP Capital Corporation approved this change, aligning it with the previously reported departure of former financial officer Nina Baryski.
Was Kathleen Oates’s selection at FRBP based on any prior arrangement?
Franklin BSP Capital Corporation states that the selection of Kathleen Oates was not pursuant to any arrangement or understanding with any other person. This indicates the board chose her independently, without contractual or preexisting nomination agreements influencing the appointment.
What specific officer titles will Kathleen Oates hold at FRBP?
Kathleen Oates will serve as Chief Accounting Officer of Franklin BSP Capital Corporation and simultaneously as its Principal Financial Officer and Principal Accounting Officer. These combined responsibilities cover the company’s top-level financial reporting and accounting oversight functions going forward.