Kaitlin Curry
About Kaitlin Curry
Kaitlin Curry serves as Secretary of Franklin BSP Capital Corporation (FRBP) and is a director, associate regulatory counsel at Benefit Street Partners (BSP). She joined BSP in 2022 after nine years at J.P. Morgan in Risk Management and Compliance focused on privacy and data protection; previously, while attending law school she worked at the U.S. SEC and FINRA, and earlier held sales roles at AllianceBernstein and Citi. She holds a Bachelor of Science from Fairfield University and a J.D. from Seton Hall University School of Law; year of birth is 1985. FRBP’s proxy states executive officers are BSP employees and receive no compensation directly from the Company, with no executive compensation policy, discussion, or say‑on‑pay; consequently, there are no disclosed individual performance metrics (TSR, revenue, EBITDA) tied to her role.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| J.P. Morgan | Executive Director, Risk Management & Compliance (privacy/data protection) | Nine years | Led privacy and data protection compliance in a global financial institution; deep regulatory risk expertise supporting governance and controls. |
| U.S. Securities & Exchange Commission | Role during law school | Not disclosed | Regulatory training; exposure to federal securities oversight and enforcement frameworks. |
| FINRA | Role during law school | Not disclosed | Self-regulatory organization experience; strengthened understanding of broker-dealer compliance regimes. |
| AllianceBernstein | Sales | Not disclosed | Client-facing experience in asset management; commercial acumen. |
| Citi | Sales | Not disclosed | Client-facing experience in financial services; exposure to market products and distribution. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Benefit Street Partners (BSP) | Director, Associate Regulatory Counsel (based in New York) | Since 2022 | Advises on regulatory matters for adviser/affiliates; supports FRBP governance through Secretary role. |
Fixed Compensation
- FRBP has no employees; executive officers, including Ms. Curry, are BSP employees and receive no compensation directly from FRBP for their duties. The Board had not considered a compensation policy/program for executive officers, and the proxy omits a CD&A and say‑on‑pay.
Performance Compensation
- Not applicable. No Company-paid bonus, stock awards, options, performance metrics, vesting schedules, retention/sign‑on, severance, change‑of‑control, clawbacks, tax gross‑ups, deferred compensation, pension/SERP, or perquisites are disclosed for Ms. Curry because executives are not compensated directly by FRBP.
Equity Ownership & Alignment
| Name | Common Shares Beneficially Owned | % of Common Outstanding | Preferred Shares Beneficially Owned | % of Preferred Outstanding |
|---|---|---|---|---|
| Kaitlin Curry | — | — | — | — |
- Ownership baseline: As of the record date, Company reports 136,195,754 common shares and 77,500 preferred shares outstanding; Ms. Curry reported no beneficial ownership.
- Pledging/Hedging: No pledging disclosures for Ms. Curry are provided in the proxy; no hedging/pledging red flags identified in disclosed tables.
- Stock ownership guidelines: Not disclosed for executive officers; director compensation and governance matters are overseen by the Compensation Committee.
Employment Terms
- Secretary of the Company since January 2025; term of office is “Indefinite Length.” Principal occupation: Director at BSP; Secretary role performed concurrently.
- Communication/Secretary duties: Stockholder communications and nominations are addressed to the Secretary (Attention: Kaitlin Curry); she signs the proxy and meeting notices on behalf of FRBP.
- Employment agreement, severance, and change‑of‑control: Not disclosed for Ms. Curry; executives are BSP employees and FRBP does not provide direct executive compensation arrangements.
- Non‑compete/non‑solicit, garden leave, post‑termination consulting: Not disclosed.
Compensation Committee Analysis
- Scope of responsibilities: Reviews Administration Agreement with BSP, recommends director compensation, and performs additional Board‑assigned duties; operates under a written charter available upon request and on the Company’s website.
- Executive pay oversight: Not applicable; FRBP has no employees and does not pay executives directly or maintain an executive compensation program.
- Director independence and governance: Majority independent under the 1940 Act; independent directors meet in executive session with a lead independent director presiding.
Performance & Track Record
- Role framing: Ms. Curry’s position is corporate Secretary with regulatory counsel background; no Company‑specific performance metrics or program tie‑outs are disclosed for this role.
- Company initiatives/achievements tied to Ms. Curry: Not specifically attributed in the proxy; administrative and governance responsibilities are evidenced through Secretary functions and stockholder communication processes.
- Tenure marker: Since January 2025; principal responsibilities include governance and stockholder communications.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Benefit Street Partners (BSP) | Director, Associate Regulatory Counsel | Since 2022 | Regulatory counsel supporting adviser-level compliance; relevant to FRBP governance. |
| J.P. Morgan | Executive Director, Risk Management & Compliance | Nine years | Led privacy/data protection compliance; robust operational risk management experience. |
| U.S. SEC | Role during law school | Not disclosed | Training in federal securities regulation. |
| FINRA | Role during law school | Not disclosed | SRO compliance exposure. |
| AllianceBernstein | Sales | Not disclosed | Commercial functions in asset management. |
| Citi | Sales | Not disclosed | Commercial functions in financial services. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BSP | Director, Associate Regulatory Counsel | Since 2022 | Advisory/regulatory support; complements FRBP Secretary role. |
Investment Implications
- Alignment: Zero reported beneficial ownership as of the record date suggests limited direct economic alignment via equity exposure; absence of pledging is positive but ownership shortfall reduces “skin‑in‑the‑game” signaling.
- Compensation levers: With no Company‑paid executive compensation, there are no pay‑for‑performance triggers, vesting schedules, or severance/change‑of‑control economics to assess—limiting compensation‑based trading signals.
- Role influence: As Secretary with regulatory counsel expertise, Ms. Curry’s contribution is governance/compliance execution rather than revenue or EBITDA generation; performance signals should be derived from broader Company operations and adviser‑level execution rather than individual incentives.
- Governance quality: The Compensation Committee’s defined scope, independence standards under the 1940 Act, and use of executive sessions indicate established governance processes—reducing governance risk associated with the Secretary’s administrative remit.