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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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FRANKLIN STREET PROPERTIES CORP /MA/ (Name of Issuer) |
Common Stock (Title of Class of Securities) |
(CUSIP Number) |
R. Adam Lindsay Powell Anderson Capital Partners LLC, 5532 Lillehammer Lane, Suite 206 Park City, UT, 84098 (801) 824-9444 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
10/28/2026 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Powell Anderson Capital Partners LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
8,294,084.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
8.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IA |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
PACP Acadia LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
7,232,085.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
7.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Powell Anderson Capital LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,061,999.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
1.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
R. Adam Lindsay | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC, PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
8,294,084.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
8.0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock |
| (b) | Name of Issuer:
FRANKLIN STREET PROPERTIES CORP /MA/ |
| (c) | Address of Issuer's Principal Executive Offices:
401 EDGEWATER PLACE, STE 200, Wakefield,
MASSACHUSETTS
, 01880. |
| Item 3. | Source and Amount of Funds or Other Consideration |
Item 3. Is hereby amended to read as follows: The total cost for purchases of Common Stock by Reporting Persons, excluding brokerage commissions, was approximately $3,401,582. The source of funds for PACP Acadia LLC was cash capital contributions from R. Adam Lindsay, Joel B. Wittenberg, Beam Capital Holdings, LLC, Element Investments, LLC, and ERA Insurance Company, Inc. The source of funds for Powell Anderson Capital LP was working capital. The source of funds for the Common Stock owned directly by R. Adam Lindsay was personal funds. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Item 5(a) is hereby amended to read as follows: The following disclosure is based upon 104,011,708 outstanding Shares as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October, 27, 2026 |
| (b) | Item 5(b) is hereby amended to read as follows: Powell Anderson Capital Partners LLC: 8,294,084 shares or 8.0%; a limited liability company organized in Delaware and Managing Member of PACP Acadia LLC and Investment Manager of Powell Anderson Capital LP with power to vote and dispose of shares held by each PACP Acadia LLC: 7,232,085 shares or 7.0%; limited liability company organized in Delaware Powell Anderson Capital LP: 1,061,999 shares or 1.0%; limited partnership organized in Delaware R. Adam Lindsay: 8,304,084 shares or 8.0%; managing member of Powell Anderson Capital Partners LLC with power to vote and dispose of the 8,294,084 shares held by PACP Acadia LLC and Powell Anderson Capital LP and the 10,000 shares held personally. |
| (c) | See Schedule A |
| Item 7. | Material to be Filed as Exhibits. |
Exhibit 99.2 Schedule A |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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