Form 8-K · Current report
Extra Space Storage 8-K, filed Aug 24, 2026
- Filed
- CIK
- 0001289490
- Accession no.
- 0001289490-26-000058
Summary
Extra Space Storage announced that CEO Joseph D. Margolis will retire effective December 31, 2026, and that President W. Noah Springer will succeed him as chief executive officer and join the board beginning January 1, 2027, with Margolis serving as an adviser to the board after his retirement. The transition was unanimously approved by the board following a long-term succession planning process.
Key points
- Margolis will continue as CEO through December 31, 2026, and remain a director until that date.
- Springer has been with Extra Space Storage since 2006, became Chief Strategy and Partnership Officer in 2020, and was promoted to President on January 1, 2026.
- Springer's annual base salary will be $850,000 as CEO, and he will receive no additional compensation for serving as a director.
- Margolis joined the board in 2005, became Chief Investment Officer in 2015 and CEO in 2017; during his tenure the company's market capitalization grew from about $9 billion to $30 billion and annual revenue from $1.1 billion to $3.5 billion.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 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. 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. Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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