Public Storage amends bylaws to adopt universal proxy rule procedures

Public Storage

Amended bylaws supplement disclosure requirements for shareholder trustee nominations and proposals made outside Rule 14a-8.
Procedural mechanics for calling special meetings and operation of shareholder meetings modified.
Plurality voting standard clarified; emergency provisions added for when Board quorum cannot be obtained.
Bylaws effective November 8, 2023; additional ministerial and conforming changes made.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Public Storage: Amended and restated bylaws effective November 8, 2023, including updates to shareholder nomination procedures, special meeting mechanics, plurality voting standard clarification, and emergency provisions (effective 2023-11-08).

Change: bylaw amendment
Effective: 2023-11-08

Exact text from the filing

On November 8, 2023, the Board of Trustees (the “Board”) of Public Storage (the “Company”) adopted amended and restated bylaws of the Company (the “Amended and Restated Bylaws”), effective immediately.

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Source: SEC EDGAR

accession 0001193125-23-276005

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