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)
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|
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[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
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[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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- 1 -
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
|
- 3 -