8-K
filed May 4, 2023, 7:59 PM ET
ticker PSA
CIK 0001393311
other material
confidence high
sentiment neutral
materiality 0.15
Public Storage shareholders elect 13 trustees and approve advisory votes at 2023 annual meeting
Public Storage
- All 13 trustee nominees elected with majority votes; board size reduced to 13.
- Shareholders approved say-on-pay with 150.8 million votes for (97.1% of votes cast).
- Advisory vote on executive compensation frequency set to annual based on 149.4 million votes for 1 year.
- Ratification of Ernst & Young as auditor for FY2023 approved with 152.2 million votes for.
- Shareholder proposal on Scope 1-3 greenhouse gas reduction targets not approved (53.1M for, 99.8M against).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Public Storage shareholders rejected Shareholder proposal requesting the Board of Trustees issue short- and long-term Scope 1-3 greenhouse gas reduction targets aligned with the Paris Agreement at the 2023-05-02 meeting.
- Outcome
- failed
- Meeting
- 2023-05-02
Exact text from the filing
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:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Public Storage shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-02
Exact text from the filing
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:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Public Storage shareholders approved Advisory vote to approve the compensation of named executive officers at the 2023-05-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-02
Exact text from the filing
The shareholders approved the advisory vote to approve the compensation of named executive officers as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Public Storage shareholders approved Election of thirteen trustees to the Board of Trustees at the 2023-05-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-02
Exact text from the filing
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.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Public Storage shareholders approved Advisory vote on the frequency of future advisory votes to approve executive compensation at the 2023-05-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-02
Exact text from the filing
The shareholders voted to hold future advisory votes to approve executive compensation annually as follows:
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.