Franklin Street Properties Corp. announced the election of Kathryn P. O'Neil and Kenneth Hoxsie to the company's board of directors, effective as of January 1, 2016, to fill vacancies created on the Board as a result of the retirement of Barbara J. Fournier and Barry Silverstein on May 14, 2015. Ms. O'Neil and Mr. Hoxsie were elected to serve as Class II directors with terms expiring at the Company's 2018 annual meeting of stockholders.

The Board has determined that each of Ms. O'Neil and Mr. Hoxsie is an independent director as defined under the rules of the NYSE MKT. In addition, the Board appointed Ms. O'Neil to serve as a member of the Compensation Committee and the Nominating and Corporate Governance Committee and Mr. Hoxsie to serve as a member of the Audit Committee and the Nominating and Corporate Governance Committee. With the additions of Ms. O'Neil and Mr. Hoxsie to the Board effective as of January 1, 2016, the Board will be comprised of eight directors, six of whom will be independent.

Ms. O'Neil was a Director at Bain Capital in the Investor Relations area where she focused on Private Equity and had oversight of the Investment Advisory Community from 2011 until her retirement in 2014.