{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-089750","form_type":"8-K","ticker":null,"cik":"0001060224","company_name":"LIFE STORAGE LP","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.809785+00:00","generated_at":"2026-06-17T06:46:24.881269+00:00","sec_items":["1.01","5.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Life Storage agrees to be acquired by Extra Space Storage; 0.895x exchange ratio","bullets":["Exchange ratio of 0.895 Extra Space shares for each Life Storage share; all-stock transaction.","Merger expected to close in H2 2023; subject to approvals from both sets of stockholders and other conditions.","Termination fees: $371M payable by Life Storage, $761M payable by Extra Space under certain circumstances.","Life Storage will appoint three directors to Extra Space's board upon close.","Life Storage's regular quarterly dividend capped at $1.20 per share during interim period."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-089750","json":"https://secwatch.observer/filing/0001193125-23-089750.json","markdown":"https://secwatch.observer/filing/0001193125-23-089750.md","text":"https://secwatch.observer/filing/0001193125-23-089750.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1060224/000119312523089750/0001193125-23-089750-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/944314/000119312523089750/d419418d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:46:24.881269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"409f80af8758c6a9d6599ce0be9a25607a73c080","claim":"LIFE STORAGE LP: Amended and restated Bylaws to revise Sections 1.07, 7.01, and Article XI regarding director elections, indemnification, and exclusive forum for federal securities claims (effective 2023-04-02).","evidence_excerpt":"On April 2, 2023, Life Storage’s board of directors approved an amendment and restatement (the “Amendment and Restatement”) of the Bylaws of Life Storage (the “Bylaws”), which became effective immediately.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1060224/000119312523089750/0001193125-23-089750-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-04-02"}],"fact_type":"governance_change"},{"claim_id":"a5c80256c76afb1a8de91886ffd2f92c3c743517","claim":"LIFE STORAGE LP entered into Agreement and Plan of Merger with Extra Space Storage Inc., Extra Space Storage LP, Eros Merger Sub, LLC, Eros OP Merger Sub, LLC (effective 2023-04-02).","evidence_excerpt":"On April 2, 2023, Life Storage, Inc. (“Life Storage”) and Life Storage LP (“Life Storage OP” and, together with Life Storage, the “Life Storage Parties”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among Extra Space Storage Inc., a Maryland corporation (“Extra Space”), Extra Space Storage LP, a Delaware limited partnership (“Extra Space OP”), Eros Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Extra Space (“Eros Merger Sub”), and Eros OP Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Extra Space OP (“Eros OP Merger Sub” and, together with Extra Space, Extra Space OP and Eros Merger Sub, the “Extra Space Parties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1060224/000119312523089750/0001193125-23-089750-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Extra Space Storage Inc., Extra Space Storage LP, Eros Merger Sub, LLC, Eros OP Merger Sub, LLC"},{"label":"Effective","value":"2023-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}