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    SEC Form 8-K filed by Public Storage

    5/11/26 6:10:28 AM ET
    $PSA
    Real Estate Investment Trusts
    Real Estate
    Get the next $PSA alert in real time by email
    8-K
    false 0001393311 0001393311 2026-05-06 2026-05-06 0001393311 us-gaap:CommonStockMember 2026-05-06 2026-05-06 0001393311 us-gaap:SeriesFPreferredStockMember 2026-05-06 2026-05-06 0001393311 us-gaap:SeriesGPreferredStockMember 2026-05-06 2026-05-06 0001393311 us-gaap:SeriesHPreferredStockMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.875CumPrefShareSeriesI0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.700CumPrefShareSeriesJ0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.750CumPrefShareSeriesK0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.625CumPrefShareSeriesL0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.125CumPrefShareSeriesM0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA3.875CumPrefShareSeriesN0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA3.900CumPrefShareSeriesO0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.000CumPrefShareSeriesP0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA3.950CumPrefShareSeriesQ0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.000CumPrefShareSeriesR0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:DepositarySharesEachRepresenting11000OfA4.100CumPrefShareSeriesS0.01ParValueMember 2026-05-06 2026-05-06 0001393311 psa:GuaranteeNotesDue2032Member 2026-05-06 2026-05-06 0001393311 psa:GuaranteeNotesDue2030Member 2026-05-06 2026-05-06 0001393311 psa:GuaranteeNotesDue2034Member 2026-05-06 2026-05-06
     
     

    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 6, 2026

     

     

    PUBLIC STORAGE

    (Exact name of registrant as specified in its charter)

     

     

     

    Maryland   001-33519   93-2834996

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification No.)

     

    2811 Internet Boulevard  
    Frisco, Texas   75034
    (Address of principal executive offices)   (Zip Code)

    (469) 649-9486

    (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
    Guarantee of 0.875% Senior Notes due 2032 issued by Public Storage Operating Company   PSA/32   New York Stock Exchange
    Guarantee of 0.500% Senior Notes due 2030 issued by Public Storage Operating Company   PSA/30   New York Stock Exchange
    Guarantee of 3.500% Senior Notes due 2034 issued by Public Storage Operating Company   PSA/34   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 6, 2026, Public Storage (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Three proposals were submitted to the Company’s shareholders for a vote at the Annual Meeting.

    The three proposals are described in detail in the Company’s proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 27, 2026. The final results for the votes for each proposal are set forth below.

     

    1.

    The shareholders elected twelve trustees to the Board of Trustees to hold office until the 2027 Annual Meeting of Shareholders or until their successors are duly qualified and elected. The votes for each nominee were as follows:

     

    Name

       Votes For    Votes Against    Abstain    Broker Non-Votes

    Shankh S. Mitra

       119,776,622    38,269,586    602,176    5,685,946

    H. Thomas Boyle

       157,834,132    387,152    427,100    5,685,946

    Tamara Hughes Gustavson

       155,288,212    2,935,549    424,623    5,685,946

    Ronald L. Havner, Jr.

       154,723,194    3,486,377    438,813    5,685,946

    Maria R. Hawthorne

       155,152,627    2,865,615    630,142    5,685,946

    Rebecca Owen

       155,529,729    2,489,593    629,062    5,685,946

    Luke Petherbridge

       156,581,640    1,637,709    429,035    5,685,946

    Kristy M. Pipes

       151,715,145    6,508,371    424,868    5,685,946

    Avedick B. Poladian

       148,849,890    9,365,973    432,521    5,685,946

    Tariq M. Shaukat

       155,984,647    2,234,570    429,167    5,685,946

    Ronald P. Spogli

       153,037,264    5,178,852    432,268    5,685,946

    Paul S. Williams

       155,260,513    2,755,506    632,365    5,685,946

     

    2.

    The shareholders approved the advisory vote to approve the compensation of named executive officers as follows:

     

    Votes For

      

    Votes Against

      

    Abstain

      

    Broker Non-Votes

    153,511,123    4,450,802    686,459    5,685,946

     

    3.

    The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 as follows:

     

    Votes For

      

    Votes Against

      

    Abstain

      

    Broker Non-Votes

    153,317,363    10,957,104    59,863    — 

     

    Item 8.01

    Other Events

    Subsequent to the Annual Meeting, the Board of Trustees approved the following committee assignments, effective May 6, 2026:

     

    Audit Committee

     

    Compensation and Human

    Capital Committee

     

    Nominating, Governance and

    Sustainability Committee

    Luke Petherbridge (Chair)   Avedick B. Poladian (Chair)   Kristy M. Pipes (Chair)
    Maria R. Hawthorne   Rebecca Owen   Maria R. Hawthorne
    Kristy M. Pipes   Ronald P. Spogli   Rebecca Owen
    Avedick B. Poladian   Paul S. Williams   Paul S. Williams
    Tariq M. Shaukat    

    Additionally, the Board of Trustees re-appointed Mr. Mitra to serve as the Chairman of the Board of Trustees.

     


    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
         

    /s/ Nathaniel A. Vitan

          Nathaniel A. Vitan
    Date: May 11, 2026       Chief Legal Officer & Corporate Secretary
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