8-K 1 sa8k_feb2010.htm sa8k_feb2010.htm
 
 
 

                                                                                                                                                            

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
washington, d.c. 20549

                        

FORM 8-K

                        

current report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

February 25, 2010
Date of Report (Date of Earliest Event Reported)

SOVRAN SELF STORAGE, INC.
(Exact Name of Registrant as Specified in Its Charter)

Maryland
(State of Other Jurisdiction
Of Incorporation)
1-13820
(Commission
File Number)
16-1194043
(I.R.S. Employer
Identification Number)


SOVRAN ACQUISITION LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State of Other Jurisdiction
Of Incorporation)
0-24071
(Commission
File Number)
16-1481551
(I.R.S. Employer
Identification Number)

6467 Main Street
Williamsville, New York 14221
(Address of Principal Executive Offices)
                        

(716) 633-1850
(Registrants' Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
 
    [   ]  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-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
                                                                                                                                                            

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 25, 2010, Sovran Self Storage, Inc. (the "Company") and Sovran Acquisition Limited Partnership, through action of the Compensation Committee of the Company's Board of Directors (the "Committee"), authorized annual incentive awards in respect of the year ended December 31, 2009 to the Company's Chief Executive Officer, Chief Operating Officer and Chief Financial Officer.  The awards are payable in shares of restricted stock under the terms of the Company's 2005 Award and Option Plan.  No cash awards were made.  The Committee also established the base salary for these executive officers for the year ending December 31, 2010, which is unchanged from the base salary for the year ended December 31, 2009.

Details of the Committee's actions are set forth below:

 
 
Officer
 
2010
Base Salary
 
    Restricted Stock
           Award         
 
Robert J. Attea,
Chief Executive Officer
 
 
$419,000
 
6,6421 shares
Kenneth F. Myszka,
Chief Operating Officer
 
$408,000
6,4681 shares
David L. Rogers,
Chief Financial Officer
 
$408,000
6,4681 shares

   
(1)
Vests after 1 year.
   
                                                                                                        


 
 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
 
Date:  February 26, 2010
SOVRAN SELF STORAGE, INC.
 
 
By  /s/ DAVID L. ROGERS       
       Name:    David L. Rogers
        Title:     Chief Financial Officer


 
 
 
Date:  February 26, 2010
SOVRAN ACQUISITION LIMITED PARTNERSHIP
 
By:  Sovran Holdings, Inc.
Its:   General Partner
 
By  /s/ DAVID L. ROGERS       
       Name:    David L. Rogers
        Title:     Chief Financial Officer


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