Summary
This 8-K filing from Public Storage (PSA) reports a key leadership change within its legal department. Lily Y. Hughes has resigned as Senior Vice President, Chief Legal Officer, and Corporate Secretary to pursue a role at another company. While Ms. Hughes' departure may raise questions about continuity, the company has acted swiftly to ensure a smooth transition.
Key Highlights
- 1Lily Y. Hughes resigned as Senior Vice President, Chief Legal Officer, and Corporate Secretary, effective April 15, 2019.
- 2The reason cited for Ms. Hughes' resignation is to accept a position closer to her family.
- 3Nathaniel A. Vitan has been promoted to Senior Vice President, Chief Legal Officer, and Corporate Secretary, effective April 20, 2019.
- 4Mr. Vitan's prior role was Vice President & Chief Counsel—Litigation & Operations since June 2016.
- 5Ms. Hughes will work with Mr. Vitan to facilitate a transition through May 31, 2019.
- 6The company issued a press release regarding these changes, filed as Exhibit 99.1.