Franklin Street Properties Corp. Announces Retirement of Janet P. Notopoulos
February 09 2016 - 04:01PM
Business Wire
Franklin Street Properties Corp. (the “Company”, “FSP”, “its”,
“our” or “we”) (NYSE MKT: FSP), a real estate investment trust
(REIT), announced today that Janet P. Notopoulos has decided that,
effective as of the close of business on May 12, 2016, she will
retire from FSP and resign from her position as the Company’s
Executive Vice President. In addition, Ms. Notopoulos has decided
that she will not stand for re-election to the Board of Directors
at the Company’s 2016 Annual Meeting of Stockholders (the “2016
Annual Meeting”) and will resign from the Board upon the conclusion
of her term as a Class I director, effective as of the 2016 Annual
Meeting. Ms. Notopoulos has served on the Board of Directors since
2002. In addition, the Board has approved a decrease in the number
of directors constituting the entire Board from eight members to
seven and the number of Class I directors from three to two,
effective as of the 2016 Annual Meeting. With this decrease, the
Board will be comprised of seven directors, six of whom will be
independent.
George J. Carter, Chairman and Chief Executive Officer, said,
“Since joining FSP in 1997, Janet has been the architect of the
property management platform that helped us achieve our many
successes. Her advice and counsel will be greatly missed. On behalf
of the entire FSP team, I would like to thank Janet for her
enduring dedication and contributions to the Company over the
years. We will miss Janet and wish her nothing but the best in the
future.”
This press release, along with other news about FSP, is
available on the Internet at www.franklinstreetproperties.com. We
routinely post information that may be important to investors in
the Investor Relations section of our website. We encourage
investors to consult that section of our website regularly for
important information about us and, if they are interested in
automatically receiving news and information as soon as it is
posted, to sign up for E-mail Alerts.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield,
Massachusetts, is focused on investing in institutional-quality
office properties in the U.S. FSP’s strategy is to invest in select
urban infill and central business district (CBD) properties, with
primary emphasis on our top five markets of Atlanta, Dallas,
Denver, Houston, and Minneapolis. FSP seeks value-oriented
investments with an eye towards long-term growth and appreciation,
as well as current income. FSP is a Maryland corporation that
operates in a manner intended to qualify as a real estate
investment trust (REIT) for federal income tax purposes. To learn
more about FSP please visit our website at
www.franklinstreetproperties.com.
Forward-Looking Statements
Statements made in this press release that state FSP’s or
management’s intentions, beliefs, expectations, or predictions for
the future may be forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. This press
release may also contain forward-looking statements based on
current judgments and current knowledge of management, which are
subject to certain risks, trends and uncertainties that could cause
actual results to differ materially from those indicated in such
forward-looking statements. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements. Investors
are cautioned that our forward-looking statements involve risks and
uncertainty, including without limitation, economic conditions in
the United States, disruptions in the debt markets, economic
conditions in the markets in which we own properties, risks of a
lessening of demand for the types of real estate owned by us,
changes in government regulations and regulatory uncertainty,
uncertainty about governmental fiscal policy, geopolitical events
and expenditures that cannot be anticipated such as utility rate
and usage increases, unanticipated repairs, additional staffing,
insurance increases and real estate tax valuation reassessments.
See the “Risk Factors” set forth in Part I, Item 1A of our Annual
Report on Form 10-K for the year ended December 31, 2014, as the
same may be updated from time to time in subsequent filings with
the United States Securities and Exchange Commission. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. We will not update
any of the forward-looking statements after the date of this press
release to conform them to actual results or to changes in our
expectations that occur after such date, other than as required by
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160209006648/en/
For Franklin Street Properties Corp.Georgia Touma,
877-686-9496
Franklin Street Properties (AMEX:FSP)
Historical Stock Chart
From Feb 2024 to Mar 2024
Franklin Street Properties (AMEX:FSP)
Historical Stock Chart
From Mar 2023 to Mar 2024