secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001628280-24-037397
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

NSA director Mark Van Mourick resigns; Warren Allan elected to board and audit committee
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- Van Mourick resigned Aug 15, 2024, effective immediately; no dispute with the company.
- Board elected Warren Allan (66), former President of Optivest, to fill vacancy and serve on Audit Committee.
- Allan received ~$2.9M cash and 209,333 OP units (~$8.4M value) from Optivest asset acquisition.
- Supervisory & admin fees paid to Optivest: $4.8M (2023), $2.7M (Jan-Jul 2024); expense reimbursements $7.2M and $4.3M.
- Allan's share of those fees: ~$1.7M (2023) and ~$1.0M (2024); expense reimbursements $2.5M and $1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024037397/0001628280-24-037397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024037397/nsa-20240815.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037397

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