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[SCHEDULE 13D/A] FRANKLIN STREET PROPERTIES CORP /MA/ SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Converium Capital Inc. filed Amendment No. 2 to its Schedule 13D regarding Franklin Street Properties Corp. (FSP). Converium reports beneficial ownership of 6,506,414 shares of common stock, representing 6.3% of the class, with shared voting and dispositive power and no sole power.

The filing notes a governance update: following the resignation of Bruce Schanzer from the Board, Converium and the company agreed to appoint Jennifer Bitterman as a Replacement Director under an existing Cooperation Agreement. A Letter Agreement dated October 15, 2025 sets forth the terms of her appointment and is incorporated by reference as Exhibit 99.3.

Converium Capital Inc. ha presentato la modifica n. 2 al suo Schedule 13D riguardo a Franklin Street Properties Corp. (FSP). Converium riporta la proprietà effettiva di 6.506.414 azioni ordinarie, pari al 6,3% della classe, con potere di voto e di disposition condivisi e nessun potere esclusivo.

La presentazione evidenzia un aggiornamento di governance: a seguito delle dimissioni di Bruce Schanzer dal Consiglio, Converium e la società hanno concordato di nominare Jennifer Bitterman come Direttore Sostituto nell’ambito di un Accordo di Cooperazione esistente. Un Accordo di Lettera datato 15 ottobre 2025 enuncia i termini della sua nomina ed è incorporato per riferimento come Esibizione 99.3.

Converium Capital Inc. ha presentado la Enmienda No. 2 a su Schedule 13D respecto a Franklin Street Properties Corp. (FSP). Converium informa una titularidad beneficiosa de 6,506,414 acciones de acciones ordinarias, que representan el 6,3% de la clase, con poder compartido de voto y de disposición y sin poder exclusivo.

La presentación señala una actualización de gobernanza: tras la renuncia de Bruce Schanzer del Consejo, Converium y la empresa acordaron nombrar a Jennifer Bitterman como Directora de Reemplazo bajo un Acuerdo de Cooperación existente. Un Acuerdo de Carta fechado el 15 de octubre de 2025 establece los términos de su nombramiento y está incorporado por referencia como el Anexo 99.3.

Converium Capital Inc.Franklin Street Properties Corp. (FSP)에 관한 Schedule 13D 제2 수정서를 제출했습니다. Converium 은 6,506,414주의 보통주를 유익 소유하고 있으며, 이는 클래스의 6.3%에 해당하고 공동 의결 및 처분 권한이 있으며 단독 권한은 없습니다.

제출서는 거버넌스 업데이트를 언급합니다: 이사회에서 Bruce Schanzer의 사임 후, Converium 및 회사는 기존 협력 계약에 따라 Jennifer Bitterman를 대체 이사로 임명하기로 합의했습니다. 2025년 10월 15일자 서신 계약은 임명의 조건을 명시하며 Exhibit 99.3으로 참조에 포함되어 있습니다.

Converium Capital Inc. a déposé l’amendement n° 2 à son Schedule 13D concernant Franklin Street Properties Corp. (FSP). Converium indique une propriété bénéficiaire de 6 506 414 actions ordinaires, représentant 6,3% de la catégorie, avec un pouvoir de vote et de disposition partagé et sans pouvoir exclusif.

Le dépôt note une mise à jour de la gouvernance : suite à la démission de Bruce Schanzer du Conseil, Converium et la société ont convenu de nommer Jennifer Bitterman comme Directrice suppléante dans le cadre d’un accord de coopération existant. Un Accord de lettre daté du 15 octobre 2025 énonce les termes de sa nomination et est incorporé par référence en tant qu’Annexe 99.3.

Converium Capital Inc. hat Amendment Nr. 2 zu seinem Schedule 13D in Bezug auf Franklin Street Properties Corp. (FSP) eingereicht. Converium meldet eine wirtschaftliche Eigentümerschaft an 6.506.414 Stammaktien, was 6,3% der Klasse entspricht, mit geteilten Stimm- und Verfügungsmacht und keiner Alleinmacht.

Die Einreichung vermerkt ein Governance-Update: Nach dem Rücktritt von Bruce Schanzer aus dem Vorstand haben sich Converium und das Unternehmen darauf geeinigt, Jennifer Bitterman als Replacement Director gemäß einer bestehenden Kooperationsvereinbarung zu berufen. Ein Letter Agreement datiert auf den 15. Oktober 2025 legt die Bedingungen ihrer Ernennung fest und ist als Exhibit 99.3 entsprechend referenziert.

Converium Capital Inc. قدمت التعديل رقم 2 على Schedule 13D فيما يتعلق بـ Franklin Street Properties Corp. (FSP). تقر Converium بملكية مادية لـ 6,506,414 سهماً من الأسهم العادية، تمثل حوالي 6.3% من الفئة، مع سلطة تصويت وتصرّف مشتركة ولا سلطة حصرية.

تشير الملفات إلى تحديث في الحوكمة: عقب استقالة بروم شانزر من المجلس، اتفقت Converium والشركة على تعيين Jennifer Bitterman كمدير بديل وفقاً لاتفاق تعاون قائم. اتفاق رسالة مؤرخة في 15 أكتوبر 2025 يوضح شروط تعيينها ويُدرج كمرجع كملاحظة المعرض 99.3.

Converium Capital Inc. 已就 Franklin Street Properties Corp. (FSP) 提交了 Schedule 13D 的第2号修订。Converium 报告对普通股拥有的受益所有权为 6,506,414 股,占该类股的 6.3% ,具有共同投票和处置权,且没有单独权力。

申报中提到治理更新:在董事会成员 Bruce Schanzer 辞任后,Converium 与公司同意依据现有合作协议任命 Jennifer Bitterman 为替代董事。日期为 2025 年 10 月 15 日的 致函协议 规定了任命的条款,并作为 Exhibit 99.3 纳入并引用。

Positive
  • None.
Negative
  • None.

Insights

Neutral update: ownership reaffirmed; board seat filled per agreement.

Converium discloses beneficial ownership of 6,506,414 shares, or 6.3%, with shared voting and dispositive power. This maintains visibility into a significant holder in FSP without changing the reported percentage.

The board change—appointing Jennifer Bitterman after Bruce Schanzer's resignation—follows a Cooperation Agreement, formalized via a Letter Agreement dated October 15, 2025. The filing lists the agreement as an exhibit, indicating a structured transition.

Actual impact depends on board dynamics and any future disclosures tied to the Cooperation Agreement’s terms. Subsequent company filings may provide detail on committees or governance scope.

Converium Capital Inc. ha presentato la modifica n. 2 al suo Schedule 13D riguardo a Franklin Street Properties Corp. (FSP). Converium riporta la proprietà effettiva di 6.506.414 azioni ordinarie, pari al 6,3% della classe, con potere di voto e di disposition condivisi e nessun potere esclusivo.

La presentazione evidenzia un aggiornamento di governance: a seguito delle dimissioni di Bruce Schanzer dal Consiglio, Converium e la società hanno concordato di nominare Jennifer Bitterman come Direttore Sostituto nell’ambito di un Accordo di Cooperazione esistente. Un Accordo di Lettera datato 15 ottobre 2025 enuncia i termini della sua nomina ed è incorporato per riferimento come Esibizione 99.3.

Converium Capital Inc. ha presentado la Enmienda No. 2 a su Schedule 13D respecto a Franklin Street Properties Corp. (FSP). Converium informa una titularidad beneficiosa de 6,506,414 acciones de acciones ordinarias, que representan el 6,3% de la clase, con poder compartido de voto y de disposición y sin poder exclusivo.

La presentación señala una actualización de gobernanza: tras la renuncia de Bruce Schanzer del Consejo, Converium y la empresa acordaron nombrar a Jennifer Bitterman como Directora de Reemplazo bajo un Acuerdo de Cooperación existente. Un Acuerdo de Carta fechado el 15 de octubre de 2025 establece los términos de su nombramiento y está incorporado por referencia como el Anexo 99.3.

Converium Capital Inc.Franklin Street Properties Corp. (FSP)에 관한 Schedule 13D 제2 수정서를 제출했습니다. Converium 은 6,506,414주의 보통주를 유익 소유하고 있으며, 이는 클래스의 6.3%에 해당하고 공동 의결 및 처분 권한이 있으며 단독 권한은 없습니다.

제출서는 거버넌스 업데이트를 언급합니다: 이사회에서 Bruce Schanzer의 사임 후, Converium 및 회사는 기존 협력 계약에 따라 Jennifer Bitterman를 대체 이사로 임명하기로 합의했습니다. 2025년 10월 15일자 서신 계약은 임명의 조건을 명시하며 Exhibit 99.3으로 참조에 포함되어 있습니다.

Converium Capital Inc. a déposé l’amendement n° 2 à son Schedule 13D concernant Franklin Street Properties Corp. (FSP). Converium indique une propriété bénéficiaire de 6 506 414 actions ordinaires, représentant 6,3% de la catégorie, avec un pouvoir de vote et de disposition partagé et sans pouvoir exclusif.

Le dépôt note une mise à jour de la gouvernance : suite à la démission de Bruce Schanzer du Conseil, Converium et la société ont convenu de nommer Jennifer Bitterman comme Directrice suppléante dans le cadre d’un accord de coopération existant. Un Accord de lettre daté du 15 octobre 2025 énonce les termes de sa nomination et est incorporé par référence en tant qu’Annexe 99.3.

Converium Capital Inc. hat Amendment Nr. 2 zu seinem Schedule 13D in Bezug auf Franklin Street Properties Corp. (FSP) eingereicht. Converium meldet eine wirtschaftliche Eigentümerschaft an 6.506.414 Stammaktien, was 6,3% der Klasse entspricht, mit geteilten Stimm- und Verfügungsmacht und keiner Alleinmacht.

Die Einreichung vermerkt ein Governance-Update: Nach dem Rücktritt von Bruce Schanzer aus dem Vorstand haben sich Converium und das Unternehmen darauf geeinigt, Jennifer Bitterman als Replacement Director gemäß einer bestehenden Kooperationsvereinbarung zu berufen. Ein Letter Agreement datiert auf den 15. Oktober 2025 legt die Bedingungen ihrer Ernennung fest und ist als Exhibit 99.3 entsprechend referenziert.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Converium Capital Inc.
Signature:/s/ Michael Rapps
Name/Title:Michael Rapps, Managing Partner
Date:10/15/2025
Aaron Stern
Signature:/s/ Aaron Stern
Name/Title:Aaron Stern, individually
Date:10/15/2025

FAQ

What ownership did Converium Capital report in FSP?

Converium reported beneficial ownership of 6,506,414 FSP shares, representing 6.3% of the common stock.

Does Converium have sole or shared voting power over FSP shares?

Converium reported 0 sole voting power and 6,506,414 shares with shared voting and dispositive power.

What governance change at FSP is disclosed?

Following Bruce Schanzer's resignation, Jennifer Bitterman was appointed to the Board as a Replacement Director under a Cooperation Agreement.

What agreement covers the new director appointment at FSP (FSP)?

A Letter Agreement dated October 15, 2025 sets the terms of Ms. Bitterman’s appointment and is incorporated as Exhibit 99.3.

Who are the reporting persons on this Schedule 13D/A for FSP?

Converium Capital Inc. and Aaron Stern are reporting persons; both report the same 6,506,414 shares at 6.3%.

What is the class of securities involved for FSP?

The filing covers Common Stock, par value $0.0001 per share of Franklin Street Properties Corp.
Franklin St Prop

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