---
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"
generated_at: "2026-08-24T10:35:15.305994+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Extra Space CEO Margolis to retire Dec 31; President Springer to become CEO Jan 1, 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289490-26-000058
- JSON: https://secwatch.observer/filing/0001289490-26-000058.json
- Plain text: https://secwatch.observer/filing/0001289490-26-000058.txt

## Key facts
- Executive change
  W. Noah Springer changed role as Chief Executive Officer at Extra Space Storage Inc..
  - Action: selected to succeed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm
- Executive change
  W. Noah Springer was appointed as Director at Extra Space Storage Inc..
  - Action: join
  - Role: Director
  source text: Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm
- Executive change
  Joseph D. Margolis departed as Chief Executive Officer at Extra Space Storage Inc..
  - Action: retire
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm

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