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AI brief of an SEC Form 8-K · Extra Space Storage (EXR)

Extra Space Storage names President Noah Springer as next CEO; Margolis retires Dec. 31

Neutral Impact 4 of 5 leadership Written later

Extra Space Storage's board selected President W. Noah Springer to succeed Joseph D. Margolis as chief executive, effective January 1, 2027, when Margolis retires after serving through December 31, 2026. Margolis will then serve as an advisor to the board, and Springer will join the board on the same date.

Key points

  • Springer, 47, has been President since January 2026 and joined the company in 2006.
  • Springer's annual base salary will be $850,000, with continued eligibility for bonus and equity awards.
  • Margolis has served as CEO since 2017 and will remain a director until December 31, 2026.
  • The filing reports no financial results; the change is a leadership succession announced August 24, 2026.

The filing

CompanyExtra Space Storage (EXR)
Form8-K, current report
Filed with the SECAug 24, 2026, 6:34 AM ET
Accession number0001289490-26-000058

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 24, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.