Table search / Franklin Street Properties Corp. / "Lead Independent Director"

On February 27, 2024, Kathryn P. O’Neil, a member of our Board, notified us of her decision not to stand for re-election at the Annual Meeting. Consequently, Ms. O’Neil’s term as a director will expire at the Annual Meeting, and the size of our Board will decrease to seven members immediately after the conclusion of the Annual Meeting. Our Nominating and Corporate Governance Committee has recommended, and our Board has determined, to nominate all other current members of our Board for re-election at the Annual Meeting. We are asking our stockholders to vote “FOR” our nominees, George J. Carter, Georgia Murray, Brian N. Hansen, John N. Burke, Dennis J. McGillicuddy, Kenneth A. Hoxsie and Milton P. Wilkins, Jr., as directors for a one-year term expiring at our 2025 Annual Meeting of Stockholders. We understand the importance of having a Board comprised of the right people, with the highest integrity and the necessary skills and qualifications to oversee our business. The following table provides summary information about each of the director nominees, who have a diverse and balanced skill set including extensive real estate, financial, investment, corporate, securities, management, and investor relations experience. We encourage you to review the qualifications, skills and experience of our directors on pages 17-23. In addition, the graphs below the table show the composition of our Board by tenure, independence, and diversity (gender and ethnicity).

The following table provides certain information about each nominee for director.

The Compensation Committee of the Board is responsible for reviewing and recommending to the Board the form and amount of compensation for our non-employee directors. Since October 2019, we have had the following compensation program for non-employee directors: