---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022941"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:24:52.595093+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Public Storage shareholders elect 13 trustees and approve advisory votes at 2023 annual meeting

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-23-022941
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/brhc20052390_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022941
- JSON: https://secwatch.observer/filing/0001140361-23-022941.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022941.txt

## Key facts
- Shareholder Votes
  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
  source text: 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:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm
- Shareholder Votes
  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
  source text: 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:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm
- Shareholder Votes
  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
  source text: The shareholders approved the advisory vote to approve the compensation of named executive officers as follows:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm
- Shareholder Votes
  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
  source text: The shareholders voted to hold future advisory votes to approve executive compensation annually as follows:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000114036123022941/0001140361-23-022941-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.