Submission of Matters to a Vote of Security Holders Form 8 K

Item 5.07 - Submission of Matters to a Vote of Security Holders

Annual Meeting of Stockholders

On June 21, 2024, Franklin BSP Capital Corporation (the "Company") held its reconvened annual meeting of stockholders (the "Reconvened Annual Meeting") and submitted one matter to the vote of stockholders. Stockholders considered Proposal No. 1 contained in the Company's proxy statement filed on April 19, 2024 and adjourned the meeting until July 2, 2024 in order to solicit additional votes for Proposal No. 2. As of April 4, 2024, the record date, approximately 136,328,054 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 matter voted upon by the stockholders is set forth below.

Proposal - Election of Directors. The Company's common stockholders and preferred stockholders, on an as-converted basis, elected Richard J. Byrne to serve as a Class I director until the 2027 Annual Meeting and until his successor is duly elected and qualifies. Additionally, the preferred stockholders elected Lee S. Hillman to serve as a Class I director until the 2027 Annual Meeting and until his successor is duly elected and qualifies.

The vote on the proposal was as follows: