SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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): June 1, 2004 --------------- Franklin Street Properties Corp. (formerly known as Franklin Street Partners Limited Partnership) ---------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Maryland ---------------------------------------------- (State or Other Jurisdiction of Incorporation) 000-32615 04-3578653 ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) 401 Edgewater Place, Suite 200, Wakefield, MA 01880-6210 --------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (781) 557-1300 ---------------------------------------------------- (Registrant's Telephone Number, Including Area Code) Not Applicable ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) 1 Item 5. Other Events and Required FD Disclosure On June 1, 2004 the Board of Directors of Franklin Street Properties Corp. (the "Company") elected John Burke as a Class II director and appointed Mr. Burke as chairperson of the Company's Audit Committee of the Board. Following Mr. Burke's appointment, the Company's Audit Committee is comprised of Mr. Burke, Ms. Barbara J. Corinha and Ms. Janet P. Notopoulos. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 1, 2004 REGISTRANT FRANKLIN STREET PROPERTIES CORP. By: /s/ George J. Carter --------------------- George J. Carter President and Chief Executive Officer 3