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Section 1: 8-K (8-K)

8-K
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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): April 21, 2020

 

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,

Glendale, California

91201-2349

(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 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 5.375% Cum Pref Share, Series V, $0.01 par value

 

PSAPrV

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 5.200% Cum Pref Share, Series W, $0.01 par value

 

PSAPrW

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 5.200% Cum Pref Share, Series X, $0.01 par value

 

PSAPrX

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 5.400% Cum Pref Share, Series B, $0.01 par value

 

PSAPrB

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 5.125% Cum Pref Share, Series C, $0.01 par value

 

PSAPrC

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 4.950% Cum Pref Share, Series D, $0.01 par value

 

PSAPrD

 

New York Stock Exchange

Depositary Shares Each Representing 1/1,000 of a 4.900% Cum Pref Share, Series E, $0.01 par value

 

PSAPrE

 

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

0.875% Senior Notes due 2032

 

PSA32

 

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 12-2 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

Three proposals were submitted to Public Storage shareholders for a vote at the 2020 Annual Meeting of Shareholders held on April 21, 2020. The proposals are described in detail in our proxy statement for the 2020 Annual Meeting filed with the Securities and Exchange Commission on March 12, 2020. The final results for the votes for each proposal are set forth below:

  1. Our shareholders elected twelve trustees to the Board of Trustees of Public Storage, to hold office until the 2021 Annual Meeting of Shareholders or until their successors are duly qualified and elected. The votes for each nominee were as follows:

Name

 

For

   

Against

   

Abstain

   

Broker Non-Votes

   

Uncast

 

Ronald L. Havner, Jr.

   

130,505,347

     

16,095,167

     

5,041,208

     

7,100,688

     

0

 

Tamara Hughes Gustavson

   

146,306,320

     

5,224,937

     

110,465

     

7,100,688

     

0

 

Uri P. Harkham

   

146,286,113

     

5,231,107

     

124,502

     

7,100,688

     

0

 

Leslie S. Heisz

   

146,992,074

     

4,532,241

     

117,407

     

7,100,688

     

0

 

B. Wayne Hughes, Jr.

   

146,058,015

     

5,468,207

     

115,500

     

7,100,688

     

0

 

Avedick B. Poladian

   

140,289,269

     

11,226,148

     

126,305

     

7,100,688

     

0

 

Gary E. Pruitt

   

143,152,551

     

8,365,375

     

123,796

     

7,100,688

     

0

 

John Reyes

   

138,662,433

     

12,863,642

     

115,647

     

7,100,688

     

0

 

Joseph D. Russell, Jr.

   

147,544,370

     

3,983,084

     

114,268

     

7,100,688

     

0

 

Tariq M. Shaukat

   

150,597,878

     

921,759

     

122,085

     

7,100,688

     

0

 

Ronald P. Spogli

   

144,981,907

     

6,538,106

     

121,709

     

7,100,688

     

0

 

Daniel C. Staton

   

144,840,980

     

6,679,049

     

121,693

     

7,100,688

     

0

 

  2. Our shareholders approved the advisory vote to approve the compensation of our named executive officers. The votes were as follows:

For

 

Against

   

Abstain

   

Broker Non-Votes

   

Uncast

 

140,287,500

   

11,138,636

     

215,586

     

7,100,688

     

0

 

3. Our shareholders ratified the appointment of Ernst & Young LLP as Public Storage’s independent registered public accounting firm for the fiscal year ending December 31, 2020. The votes were as follows:

For

 

Against

   

Abstain

   

Broker Non-Votes

   

Uncast

 

153,786,834

   

4,838,544

     

117,032

     

0

     

0

 


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.

 

 

PUBLIC STORAGE

             

 

 

By:

 

/s/ Nathaniel A. Vitan

Date: April 22, 2020

 

 

 

Nathaniel A. Vitan

Senior Vice President, Chief Legal Officer & Corporate Secretary

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