SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 20, 2002
Franklin Street Properties Corp.
(formerly known as Franklin Street Partners Limited Partnership)
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(Exact Name of Registrant as Specified in Charter)
Maryland
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State or Other Jurisdiction of Incorporation)
000-32615 04-3578653
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(Commission File Number) (I.R.S. Employer Identification No.)
401 Edgewater Place
Suite 200
Wakefield, MA 01880-6210
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(Address of Principal Executive Offices) (Zip Code)
(781) 557-1300
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(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
Director Resignations and Appointment of New Directors
On May 20, 2002, William W. Gribbell resigned as a director of Franklin
Street Properties Corp. (the "Company"). Mr. Gribbell's resignation was not a
result of a disagreement with the Company on any matter relating to the
Company's operations, policies or practices. The Board of Directors of the
Company has elected Barry Silverstein as a Class II director of the Company, to
fill the vacancy created by Mr. Gribbell's resignation and to serve until the
2003 Annual Meeting of Stockholders and until his successor is duly elected and
qualified.
Also on May 20, 2002, R. Scott MacPhee resigned as a director of Franklin
Street Properties Corp. Mr. MacPhee's resignation was not a result of a
disagreement with the Company on any matter relating to the Company's
operations, policies or practices. The Board of Directors of the Company has
elected Dennis McGillicuddy as a Class I director of the Company, to fill the
vacancy created by Mr. MacPhee's resignation and to serve until the 2004 Annual
Meeting of Stockholders and until his successor is duly elected and qualified.
SIGNATURE
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 STREET PROPERTIES CORP.
Date: May 23, 2002 By: /s/ George J. Carter
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George J. Carter
President and Chief Executive Officer