UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
Annual Meeting of Stockholders
On June 23, 2025, Franklin BSP Capital Corporation (the “Company”) held its reconvened annual meeting of stockholders (the “Reconvened Annual Meeting”) and submitted two matters to the vote of stockholders. Stockholders considered Proposals No. 1 and No. 2 contained in the Company’s proxy statement filed on April 29, 2025 (the “Proxy Statement”). As of April 7, 2025, the record date, approximately 136,195,754 shares of the common stock, par value $0.001 per share (“Common Stock”) and 77,500 shares of the Series A preferred stock, par value $0.001 per share (“Preferred Stock”) were issued and outstanding and entitled to vote at the Reconvened Annual Meeting. A summary of the matters voted upon by the stockholders is set forth below.
Proposal - Election of Directors. The holders of the Common Stock and Preferred Stock, on an as-converted basis, elected Edward G. Rendell to serve as a Class II director until the 2028 Annual Meeting and until his successor is duly elected and qualifies. Additionally, the holders of the Preferred Stock elected Dennis M. Schaney to serve as a Class II director until the 2028 Annual Meeting and until his successor is duly elected and qualifies.
The vote on the proposal was as follows:
| Nominee | Votes For | Votes Against | Abstain | |||||||||
| Edward G. Rendell | 65,913,611 | 2,858,131 | 2,899,096 | |||||||||
| Dennis M. Schaney | 5,109,830 | 0 | 0 | |||||||||
Proposal - Sales of Common Stock Below NAV. The holders of the Common Stock and Preferred Stock approved the proposal to authorize the Company to sell or otherwise issue shares of its Common Stock at a price below its then-current net asset value per share in one or more offerings, in each case subject to the approval of its board of directors and subject to certain conditions as set forth in the Proxy Statement (including that the number of shares issued does not exceed 25% of the Company’s then-outstanding Common Stock immediately prior to each such offering), by the vote shown below.
The vote on the proposal, including affiliated and unaffiliated shares, was as follows:
| Votes For | Votes Against | Abstentions | ||
| 49,778,168 | 18,360,692 | 3,531,978 |
The vote on the proposal, adjusted to exclude 341,579 affiliated shares, was as follows:
| Votes For | Votes Against | Abstentions | ||
| 49,436,589 | 18,360,692 | 3,531,978 |
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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 CAPITAL CORPORATION | |||
| (Registrant) | |||
| Date: June 26, 2025 | By: | /s/ Nina K. Baryski | |
| Name: | Nina K. Baryski | ||
| Title: | Chief Financial Officer and Treasurer | ||
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