UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 25, 2008
PUBLIC STORAGE
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-33519 95-3551121
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
701 Western Avenue, Glendale, California 91201-2349
(Address of Principal Executive Offices) (Zip Code)
(818) 244-8080
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| 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-commencements communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Effective November 25, 2008, the Public Storage Board of Trustees appointed
Tamara Hughes Gustavson to the Board. With the appointment of Ms. Gustavson, the
Public Storage Board now has eleven trustees.
Ms. Gustavson, 47, was previously employed by Public Storage from 1978 to 2003,
serving most recently as Vice President, Administration, and currently is the
beneficial holder of approximately 22.3 million, or 13.1% of Public Storage's
outstanding common shares. She also serves on the Board of Directors of the
USC-CHLA Institute for Pediatric Clinical Research. Ms. Gustavson is the
daughter of B. Wayne Hughes, Chairman of the Board and the sister of B.Wayne
Hughes, Jr., also a member of the Board of Trustees. The Hughes family,
including Ms. Gustavson, collectively owns approximately 23.2% of Public
Storage's common shares outstanding as of November 24, 2008. Disclosure of
transactions between Public Storage and the Hughes family has been previously
reported in Public Storage's proxy statement and other Exchange Act reports.
A copy of the press release Public Storage issued on November 25, 2008
announcing the appointment of Ms. Gustavson to the Public Storage Board of
Trustees is being furnished with this Current Report on Form 8-K as Exhibit
99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
The following exhibit is being furnished with this Report:
Exhibit 99.1--Press Release dated November 25, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 26, 2008
PUBLIC STORAGE
By: /s/ Stephanie Heim
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Stephanie Heim
Vice President
EXHIBIT INDEX
The following exhibit is being furnished with this Report:
Exhibit 99.1--Press Release dated November 25, 2008. Filed herewith.