CubeSmart Files 8-K: Director Changes & Executive Compensation Updates
Ticker: CUBE · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1298675
| Field | Detail |
|---|---|
| Company | Cubesmart (CUBE) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $100,000, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
CubeSmart's board is shuffling, and exec pay is changing. Keep an eye on this.
AI Summary
On January 17, 2025, CubeSmart filed an 8-K detailing changes in its board of directors and executive compensation arrangements. The filing indicates a departure of directors and the election of new ones, alongside updates to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the document.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial priorities, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- CubeSmart (company) — Filer of the 8-K
- CubeSmart, L.P. (company) — Related entity filing
- U-Store-It Trust (company) — Former company name
- Acquiport Amsdell I L P (company) — Former company name
FAQ
What specific changes were made to the board of directors on January 17, 2025?
The filing indicates a departure of directors and the election of new directors, as detailed in the 'Departure of Directors or Certain Officers; Election of Directors' section.
What are the key updates regarding executive compensation arrangements?
The filing addresses 'Compensatory Arrangements of Certain Officers,' suggesting updates or modifications to how certain executives are compensated.
What is CubeSmart's Standard Industrial Classification (SIC) code?
CubeSmart's SIC code is 6798, which corresponds to Real Estate Investment Trusts.
What is the business address and phone number for CubeSmart?
The business address is 5 Old Lancaster Road, Malvern, PA 19355, and the business phone number is 610-535-5000.
When was CubeSmart incorporated?
CubeSmart was incorporated in Maryland (MD), with its fiscal year ending on December 31.
Filing Stats: 715 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2025-01-17 16:26:30
Key Financial Figures
- $0.01 — ge on Which Registered Common Shares, $0.01 par value per share, of CubeSmart CUB
- $100,000 — ent, Mr. Keaton will receive the sum of $100,000 per month for the period from May 1, 20
- $50,000 — y 1, 2025 through December 31, 2025 and $50,000 per month for the remaining term of the
Filing Documents
- cube-20250117x8k.htm (8-K) — 45KB
- 0001298675-25-000004.txt ( ) — 197KB
- cube-20250117.xsd (EX-101.SCH) — 4KB
- cube-20250117_def.xml (EX-101.DEF) — 13KB
- cube-20250117_lab.xml (EX-101.LAB) — 18KB
- cube-20250117_pre.xml (EX-101.PRE) — 12KB
- cube-20250117x8k_htm.xml (XML) — 9KB
SIGNATURES
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. CUBESMART By: /s/ Jeffrey P. Foster Name: Jeffrey P. Foster Title: Chief Legal Officer and Secretary Date: January 17, 2025 CUBESMART, L.P. By CUBESMART, its general partner By: /s/ Jeffrey P. Foster Name: Jeffrey P. Foster Title: Chief Legal Officer and Secretary Date: January 17, 2025 3 4