What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Subsequent to a normal takeoff, reaching approximately 1000' AGL, the crew experiences a loud bang as the number two engine goes to autofeather and appears to seize in flight. As the tower then advises the crew of flames observed from the number two engine, the captain activates the number two engine fire suppression, and enters the downwind for an uneventful single engine landing. The aircraft exits the runway, remaining power is shut down, and the crew exited the aircraft. Other than minor indications of fire near the engine exhaust area, there is no other obvious signs of an engine fire.
As the FAA filed it
SUBSEQUENT TO A NORMAL TAKEOFF, REACHING APPROXIMATELY 1000' AGL, THE CREW EXPERIENCES A LOUD BANG AS THE NUMBER TWO ENGINE GOES TO AUTOFEATHER AND APPEARS TO SEIZE IN FLIGHT. AS THE TOWER THEN ADVISES THE CREW OF FLAMES OBSERVED FROM THE NUMBER TWO ENGINE, THE CAPTAIN ACTIVATES THE NUMBER TWO ENGINE FIRE SUPPRESSION, AND ENTERS THE DOWNWIND FOR AN UNEVENTFUL SINGLE ENGINE LANDING. THE AIRCRAFT EXITS THE RUNWAY, REMAINING POWER IS SHUT DOWN, AND THE CREW EXITED THE AIRCRAFT. OTHER THAN MINOR INDICATIONS OF FIRE NEAR THE ENGINE EXHAUST AREA, THERE IS NO OTHER OBVIOUS SIGNS OF AN ENGINE FIRE.