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Form 8-K

sec.gov
BRSP The article reports on an amendment to the employment agreement for the CEO, extending his term and adjusting bonus and equity incentive targets. This is a routine corporate filing and does not inherently suggest a positive or negative outlook for the company's stock.

8-K — BrightSpire Capital, Inc.

Accession: 0001717547-26-000050

Filed: 2026-05-20

Period: 2026-05-19

CIK: 0001717547

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — brsp-20260519.htm (Primary)

EX-10.1 (brsp-8xk05192026exhibit101.htm)

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8-K

8-K (Primary)

Filename: brsp-20260519.htm · Sequence: 1

brsp-20260519

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UNITED STATES

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): May 19, 2026

BrightSpire Capital, Inc.

(Exact name of registrant as specified in its charter)

Maryland 001-38377 38-4046290

(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

590 Madison Avenue, 33rd Floor

New York, NY 10022

(Address of Principal Executive Offices, Including Zip Code)

Registrant’s telephone number, including area code: (212) 547-2631

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐             Soliciting material pursuant to Rule l4a-12 under the Exchange Act (17 CFR 240.14a-12)

☐             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐             Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A common stock, par value $0.01 per share BRSP New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02.            Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Compensatory Arrangements of Certain Officers.

Mazzei Employment Agreement

On February 16, 2024, the Company entered into a second amended and restated employment agreement with Michael Mazzei, Chief Executive Officer (the “Second Amended and Restated Employment Agreement”), pursuant to which Mr. Mazzei’s term of employment expires on March 31, 2027. Thereunder, Mr. Mazzei receives an annual base salary of $800,000, an annual target cash bonus opportunity (“Annual Cash Bonus”) of no less than $1,750,000, and an annual target long-term equity incentive opportunity (“Annual LTIP Award”) of no less than $3,000,000.

On May 19, 2026, the Company and Mr. Mazzei entered into a First Amendment (the “First Amendment”) to the Second Amended and Restated Employment Agreement, to extend the term of employment to March 31, 2030. In addition, Mr. Mazzei agreed to (A) reduce his Annual Cash Bonus opportunity for calendar years 2027 to 2029 to no less than: 2027 - $1,575,000; 2028 - $1,450,000; and 2029 - $1,375,000, and (B) reduce his target Annual LTIP Award for calendar years 2027 to 2029 to no less than: 2027 - $2,700,000; 2028 - $2,475,000; and 2029 - $2,375,000.

The foregoing description of certain terms of the Second Amended Employment Agreement and First Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of (i) the Second Amended Employment Agreement, which is filed as Exhibit 10.58 to the Company's Annual Report on Form 10-K on February 21, 2024, and (ii) the First Amendment, a copy of which is attached hereto as Exhibit 10.1.

Item 9.01.            Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are being furnished herewith to this Current Report on Form 8-K.

Exhibit No.

Description

10.1

First Amendment to the Second Amended Employment Agreement by and between Michael Mazzei and BrightSpire Capital US, LLC, dated as of May 19, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 20, 2026 BRIGHTSPIRE CAPITAL, INC.

By:

/s/ David A. Palamé

David A. Palamé

General Counsel and Secretary

EX-10.1

EX-10.1

Filename: brsp-8xk05192026exhibit101.htm · Sequence: 2

Document

Exhibit 10.1

FIRST AMENDMENT

TO THE

SECOND AMENDED EMPLOYMENT AGREEMENT

On February 16, 2024, BrightSpire Capital US, LLC, a Delaware limited liability company (“BRSP”) and Michael Mazzei (the “Executive”), entered into that certain SECOND AMENDED EMPLOYMENT AGREEMENT (the “Agreement”), which such parties hereto desire to amend as follows, effective as of May 19, 2026. Any capitalized terms not defined or amended herein shall have the meaning set forth in the Agreement.

1.Solely in respect of Section 1 regarding Employment Term, the Executive’s employment shall be extended from March 31, 2027 to and expire on March 31, 2030.

2.Solely in respect of Section 3(b) “Annual Cash Bonus”, the Executive’s target Annual Bonus specifically with regard to the following calendar years shall be reset from $1,750,000 as follows: 2027 - $1,575,000; 2028 - $1,450,000; and 2029 = $1,375,000.

3.Solely in respect of Section 3(c) “Equity Incentives and Related Awards”, the Executive’s annual Target LTIP Award specifically with regard to the following calendar years shall be reset from $3,000,000 as follows: 2027 - $2,700,000; 2028 - $2,475,000; and 2029 = $2,375,000.

4.Solely in respect of Section 4(c)(i) and 4(c)(ii), for all calculation purposes therein, (x) the Target Bonus Amount and Annual Bonus amount shall remain at $1,750,000, and (y) the Target LTIP Award shall remain at $3,000,000, in each case, notwithstanding the amendments to Sections 3(b) and 3(c) above, and the amendments to Sections 3(b) and 3(c) shall not be considered a reduction in the Target Bonus Amount or the Target LTIP Award for purposes of Section 4(c)(iii).

5.Except and only to the extent as set forth and amended above, the Agreement shall remain in full force and effect.

[signature page to follow on next page]

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to the Agreement to be executed this 19th day of May, 2026.

BRIGHTSPIRE CAPITAL US, LLC

By: /s/ David A. Palamé

Name: David A. Palamé

Title: Vice President

Executive

By: /s/ Michael Mazzei

Name: Michael Mazzei

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