{"schema_version":"secwatch.filing_event.v1","accession":"0001289490-26-000058","form_type":"8-K","ticker":"EXR","cik":"0001289490","company_name":"Extra Space Storage Inc.","filed_at":"2026-08-24T10:34:28+00:00","discovered_at":"2026-08-24T10:35:07.997126+00:00","generated_at":"2026-08-24T10:35:15.305994+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Extra Space CEO Margolis to retire Dec 31; President Springer to become CEO Jan 1, 2027","bullets":["Joseph Margolis retires as CEO effective Dec 31, 2026; remains as advisor to the board.","Noah Springer, current President, becomes CEO and joins board Jan 1, 2027; base salary $850,000.","Springer, with EXR since 2006, led Management Plus platform (~2,000 locations) and promoted President Jan 2026.","Under Margolis, revenue tripled from $1.1B to $3.5B; market cap rose $9B to $30B; stores 1,400 to 4,400+.","Transition unanimously approved by Board after long-term succession planning; Margolis stays CEO through year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001289490-26-000058","json":"https://secwatch.observer/filing/0001289490-26-000058.json","markdown":"https://secwatch.observer/filing/0001289490-26-000058.md","text":"https://secwatch.observer/filing/0001289490-26-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/exr-20260824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-24T10:35:15.305994+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":"24109bcd66","claim":"W. Noah Springer changed role as Chief Executive Officer at Extra Space Storage Inc..","evidence_excerpt":"The Company also announced that, in connection with Mr. Margolis’ planned retirement, the Company’s board of directors selected W. Noah Springer, the Company’s current President, to succeed Mr. Margolis as Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"selected to succeed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"beff660d23","claim":"W. Noah Springer was appointed as Director at Extra Space Storage Inc..","evidence_excerpt":"Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"join"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e37f36df03","claim":"Joseph D. Margolis departed as Chief Executive Officer at Extra Space Storage Inc..","evidence_excerpt":"On August 24, 2026, Extra Space Storage Inc. (the “Company”) announced that Joseph D. Margolis, the Company’s Chief Executive Officer, will retire effective as of December 31, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}