Hi Bobby:
Reformatting is a given. The best I would hope for it not to have to retype the text. If it were me I would try .doc or .pdf (and then export the text out of Acrobat). And I thought I Ventura could export to .rtf (Rich Text Format) but it's been a very long time since I used Ventura so maybe I'm making that up. RTF would attempt to bring formatting along with it, as would Ventura to .pdf and export to .rtf.
In either case, there will be clean-up time spent in Word, and then you can import the text into FrameMaker and format it with Fm paragraph, character and table tags.
~Barb