false00009443140001060224 0000944314 2022-01-01 2022-01-01 0000944314 lsi:LifeStorageLpMember 2022-01-01 2022-01-01
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
January 1, 2022
Date of Report (Date of Earliest Event Reported)
 
 
LIFE STORAGE, INC.
LIFE STORAGE LP
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
         
Maryland
(Life Storage, Inc.)
 
1-13820
 
16-1194043
     
Delaware
(Life Storage LP)
 
0-24071
 
16-1481551
(State or Other Jurisdiction
Of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
6467 Main Street
Williamsville, New York 14221
(Address of Principal Executive Offices)
(716)
633-1850
(Registrants’ Telephone Number, Including Area Code)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (
see
General Instruction A.2. below):
 
 
Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Life Storage, Inc.:
 
         
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, $.01 par value
 
LSI
 
New York Stock Exchange
Life Storage LP:
 
         
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
    
  
    
  
    
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of
the Securities Exchange Act of
1934 (§240.12b-2 of
this chapter).
Life Storage, Inc.:
Emerging growth company  
Life Storage LP:
Emerging growth company  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Life Storage, Inc.  ☐
Life Storage LP  ☐
 
 
 
 

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 1, 2022, David Dodman formally succeeded Edward Killeen as Chief Operating Officer of Life Storage, Inc. (the “Company”). Mr. Killeen’s previously announced retirement with the Company became effective on December 31, 2021. Mr. Dodman, age 48, has served as Senior Vice President, Strategic Planning and Investor Relations with the Company since June 2018. Prior to joining the Company, Mr. Dodman held various corporate strategy, mergers and acquisitions, and operational roles at KeyCorp, First Niagara Financial Group, Inc. and Lockheed Martin Corporation. He also worked in the Corporate Finance/Investment Banking departments of Legg Mason, Inc. and Stifel Financial Corp. after earning an MBA from the University of Maryland and BA from Loyola University Maryland.
In connection with his appointment as Chief Operating Officer, Mr. Dodman entered into an amended and restated employment agreement with the Company. Pursuant to such employment agreement, Mr. Dodman will have an annual salary of $350,000. The employment agreement also provides for severance payments in the event Mr. Dodman is terminated without cause by the Company or for good reason by Mr. Dodman and includes other terms generally consistent with the existing employment agreements for the Company’s Chief Executive Officer and Chief Financial Officer. The employment agreement is included herein as Exhibit 10.1, which exhibit is incorporated by reference.
 

Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
 
     
Exhibit No.
  
Description
   
10.1    Amended and Restated Employment Agreement by and among Life Storage, Inc., Life Storage LP and David Dodman, dated January 1, 2022
   
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).
 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrants have duly caused this Report to be signed on their behalf by the undersigned, thereunto duly authorized.
 
             
   
LIFE STORAGE, INC.
       
Date: January 3, 2022            
    By  
/s/ Andrew J. Gregoire
        Name:   Andrew J. Gregoire
        Title:   Chief Financial Officer
   
   
LIFE STORAGE LP
     
Date: January 3, 2022   By:   LIFE STORAGE HOLDINGS, INC., as General Partner
     
    By  
/s/ Andrew J. Gregoire
        Name:   Andrew J. Gregoire
        Title:   Chief Financial Officer