Current Report Filing (8-k)
04 Mai 2023 - 10:02PM
Edgar (US Regulatory)
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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 2, 2023
PUBLIC STORAGE
(Exact name of registrant as specified in its charter)
|
Maryland
|
001-33519
|
95-3551121
|
|
(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
701 Western Avenue,
|
|
91201-2349
|
| Glendale, California |
|
|
|
(Address of
principal executive offices)
|
|
(Zip
Code)
|
(818) 244-8080
(Registrant’s telephone number, including area code)
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 communication pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-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
Class
|
|
Trading
Symbol
|
|
Name of
exchange
on which
registered
|
|
Common Shares, $0.10 par
value
|
|
PSA
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series
F, $0.01 par value
|
|
PSAPrF
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series
G, $0.01 par value
|
|
PSAPrG
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series
H, $0.01 par value
|
|
PSAPrH
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series
I, $0.01 par value
|
|
PSAPrI
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series
J, $0.01 par value
|
|
PSAPrJ
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series
K, $0.01 par value
|
|
PSAPrK
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.625% Cum Pref Share, Series
L, $0.01 par value
|
|
PSAPrL
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.125% Cum Pref Share, Series
M, $0.01 par value
|
|
PSAPrM
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 3.875% Cum Pref Share, Series
N, $0.01 par value
|
|
PSAPrN
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 3.900% Cum Pref Share, Series
O, $0.01 par value
|
|
PSAPrO
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series
P, $0.01 par value
|
|
PSAPrP
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 3.950% Cum Pref Share, Series
Q, $0.01 par value
|
|
PSAPrQ
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series
R, $0.01 par value
|
|
PSAPrR
|
|
New York Stock Exchange
|
|
Depositary
Shares Each Representing 1/1,000 of a 4.100% Cum Pref Share, Series
S, $0.01 par value
|
|
PSAPrS
|
|
New York Stock Exchange
|
|
0.875% Senior
Notes due 2032
|
|
PSA32
|
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New York Stock Exchange
|
|
0.500% Senior
Notes due 2030
|
|
PSA30
|
|
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 pursuant to Section 13(a) of the Exchange Act.
☐
|
Item 5.07 |
Submission of Matters to a Vote of
Security Holders
|
On May 2, 2023, Public Storage (the “Company”) held its 2023 Annual
Meeting of Shareholders (the “Annual Meeting”). Five proposals were
submitted to the Company’s shareholders for a vote at the Annual
Meeting.
The five proposals are described in detail in the Company’s proxy
statement for the Annual Meeting filed with the Securities and
Exchange Commission on March 22, 2023. The final results for the
votes for each proposal are set forth below.
|
1. |
The shareholders elected thirteen
trustees to the Board of Trustees to hold office until the 2024
Annual Meeting or until their successors are duly qualified and
elected, and the size of the Board of Trustees concurrently was
reduced to thirteen. The votes for each nominee were as
follows:
|
|
Name
|
|
Votes
For
|
|
Votes
Against
|
|
Abstain
|
|
Broker Non-Votes
|
|
Ronald L.
Havner, Jr.
|
|
145,627,367
|
|
5,435,568
|
|
2,568,013
|
|
7,372,840
|
|
Tamara Hughes
Gustavson
|
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151,470,659
|
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1,882,017
|
|
278,272
|
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7,372,840
|
|
Leslie S. Heisz
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|
143,212,687
|
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10,142,388
|
|
275,873
|
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7,372,840
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Shankh S.
Mitra
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152,146,697
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1,151,204
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333,047
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|
7,372,840
|
|
David J.
Neithercut
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151,905,295
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1,393,115
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332,538
|
|
7,372,840
|
|
Rebecca
Owen
|
|
152,459,305
|
|
842,746
|
|
328,897
|
|
7,372,840
|
|
Kristy M.
Pipes
|
|
148,590,761
|
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4,710,436
|
|
329,751
|
|
7,372,840
|
|
Avedick B.
Poladian
|
|
148,543,975
|
|
4,803,617
|
|
283,356
|
|
7,372,840
|
|
John Reyes
|
|
151,799,827
|
|
1,556,009
|
|
275,112
|
|
7,372,840
|
|
Joseph D. Russell, Jr.
|
|
152,191,588
|
|
1,145,130
|
|
294,230
|
|
7,372,840
|
|
Tariq M. Shaukat
|
|
151,954,040
|
|
1,397,122
|
|
279,786
|
|
7,372,840
|
|
Ronald P. Spogli
|
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147,990,953
|
|
5,357,873
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|
282,122
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|
7,372,840
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Paul S. Williams
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145,872,795
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7,421,146
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337,007
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7,372,840
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|
2. |
The shareholders approved the
advisory vote to approve the compensation of named executive
officers as follows:
|
|
|
|
|
|
|
|
|
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Votes For
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Votes
Against
|
|
Abstain
|
|
Broker
Non-Votes
|
|
150,785,791
|
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2,506,867
|
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338,290
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|
7,372,840
|
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3. |
The shareholders voted to hold
future advisory votes to approve executive compensation annually as
follows:
|
|
|
|
|
|
|
|
|
|
|
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Votes For 1
Year
|
|
Votes For 2
Years
|
|
Votes for 3
Years
|
|
Abstain
|
|
Broker
Non-Votes
|
|
149,449,001
|
|
95,918
|
|
3,802,692
|
|
283,337
|
|
7,372,840
|
After considering the voting results for this proposal, the
Company’s Board of Trustees determined to continue to hold the
advisory vote on the compensation of the Company’s named executive
officers on an annual basis.
|
4. |
The shareholders ratified the
appointment of Ernst & Young LLP as the Company’s independent
registered public accounting firm for the fiscal year ending
December 31, 2023 as follows:
|
|
|
|
|
|
|
|
|
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Votes For
|
|
Votes
Against
|
|
Abstain
|
|
Broker
Non-Votes
|
|
152,225,230
|
|
8,687,849
|
|
90,709
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|
—
|
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5. |
The shareholders did not approve
the shareholder proposal requesting that the Company’s Board of
Trustees issue short- and long-term Scope 1-3 greenhouse gas
reduction targets aligned with the Paris Agreement as
follows:
|
|
|
|
|
|
|
|
|
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Votes For
|
|
Votes
Against
|
|
Abstain
|
|
Broker
Non-Votes
|
|
53,062,151
|
|
99,813,029
|
|
755,768
|
|
7,372,840
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
|
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PUBLIC STORAGE
|
|
|
|
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|
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By:
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/s/ Nathaniel A. Vitan
|
|
|
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Nathaniel A. Vitan
|
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Date: May 4, 2023
|
|
Senior Vice President, Chief Legal Officer & Corporate
Secretary
|
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