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|ITEM 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2022, the board of directors of Extra Space Storage Inc. (the “Company”) appointed Jefferson Shreve to the board, effective immediately, in connection with the Company’s acquisition of various entities doing business as Storage Express (“Storage Express”) for approximately $590.0 million (the “Acquisition”). Mr. Shreve has served as the Founder and Owner of Storage Express, which owns 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky, since its inception in 1993. Mr. Shreve currently serves as the Chairman of the Self-Storage Association (SSA) Board of Directors. He earned his Bachelor of Arts from Indiana University, his MBA from Purdue University’s Krannert School, and his Master of Arts from the University of London.
Other than the receipt of consideration by Mr. Shreve and entities affiliated with Mr. Shreve in connection with the Acquisition, there are no transactions in which the Company is or was a participant and in which Mr. Shreve or his immediate family members (within the meaning of Item 404 of Regulation S-K) had or will have a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.
Mr. Shreve will receive the standard compensation for the Company’s non-employee directors.
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.
|EXTRA SPACE STORAGE INC.|
|Date: September 16, 2022||By|
|Title:||Executive Vice President and Chief Legal Officer|