Franklin Street Properties (FSP) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 14, 2026, with shareholders able to vote and submit questions online.

• Shareholders as of March 3, 2026, are entitled to vote on director elections, auditor ratification, and executive compensation.

• The company operates as a REIT focused on commercial office properties in the U.S. sunbelt and mountain west regions, seeking value-oriented investments and long-term growth.

Voting matters and shareholder proposals

• Shareholders will vote on electing five directors for one-year terms, ratifying Ernst & Young LLP as auditor for 2026, and approving executive compensation by advisory vote.

• The board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted between November 3 and December 3, 2026.

Board of directors and corporate governance

• The board will reduce to five members after the meeting, with four of five nominees being independent and two identifying as female.

• The board includes expertise in real estate, finance, and management, and emphasizes diversity and refreshment.

• Lead Independent Director coordinates independent director activities and succession planning is regularly reviewed.

• All board committees are composed of independent directors; annual board and committee evaluations are conducted.

• Stockholders have the power to amend bylaws by majority vote.