{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-211436","form_type":"8-K12B","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.769833+00:00","generated_at":"2026-06-11T10:28:26.485120+00:00","sec_items":["1.01","3.01","3.03","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Public Storage completes UPREIT reorganization; common shares trade unchanged on NYSE","bullets":["Old PSA renamed Public Storage Operating Co; New PSA inherits 'Public Storage' name.","Each old common share converted 1:1 into new common share; same ticker (PSA) and CUSIP.","Board of trustees and executive officers unchanged after the Merger.","New PSA guarantees Old PSA's $1.5B credit facility and unsecured notes.","Reorganization qualifies as tax-free reorganization under Section 368(a); no gain/loss for shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-211436","json":"https://secwatch.observer/filing/0001193125-23-211436.json","markdown":"https://secwatch.observer/filing/0001193125-23-211436.md","text":"https://secwatch.observer/filing/0001193125-23-211436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/0001193125-23-211436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/d542893d8k12b.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T10:28:26.485120+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":"313519d3d849b20f173b6c66b1f17366d871c09d","claim":"Public Storage: Effective upon the merger, New PSA's Amended and Restated Bylaws became effective, reflecting the name change to 'Public Storage' and non-substantive revisions related to the Reorganization (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, after the Effective Time, the Amended and Restated Declaration of Trust and Amended and Restated Bylaws of New PSA became effective.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/0001193125-23-211436-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"governance_change"},{"claim_id":"aee60b2a9a2270b59f90bb885d93f7b6db8f4613","claim":"Public Storage: Effective upon the merger, New PSA's Amended and Restated Declaration of Trust became effective, with changes only for the name change to 'Public Storage' and non-substantive revisions related to the Reorganization (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, after the Effective Time, the Amended and Restated Declaration of Trust and Amended and Restated Bylaws of New PSA became effective.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/0001193125-23-211436-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"governance_change"},{"claim_id":"af30e921a3ffb3d6e76d6d353026b0c848f17f0e","claim":"Public Storage entered into Sixteenth Supplemental Indenture with Computershare Trust Company, N.A. (effective 2023-08-14).","evidence_excerpt":"on August 14, 2023, Old PSA and New PSA entered into a supplemental indenture (the \"Sixteenth Supplemental Indenture\") with Computershare Trust Company, N.A.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/0001193125-23-211436-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Effective","value":"2023-08-14"}],"fact_type":"material_agreement"},{"claim_id":"d124360b48dc57b713afd223b677dd8cac5afdc2","claim":"Public Storage entered into Merger Agreement.","evidence_excerpt":"Merger Agreement As disclosed above, the Merger became effective at the Effective Time. The Merger was approved by Old PSA’s board of trustees.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523211436/0001193125-23-211436-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}