Smartstop Self Storage REIT, Inc. current report, 20 January 2017

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Business Context and Reporting Period

This Form 8-K was filed by Strategic Storage Trust II, Inc. on January 20, 2017. The registrant is a public non-traded REIT sponsored by SmartStop Asset Management, LLC, focusing on investments in self-storage facilities. The filing reports significant changes to the company's executive leadership.

Key Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel appointments.

Material Changes

The primary material change reported is the restructuring of the company's executive officer roles effective January 20, 2017:

  • Michael S. McClure was appointed President of the Registrant. He previously served as Executive Vice President, Chief Financial Officer, and Treasurer from January 2013 to January 2017. He also assumed the role of President at the Sponsor and affiliated entities, including Strategic Storage Advisor II, LLC, Strategic Storage Growth Trust, Inc., and Strategic Storage Trust IV, Inc.
  • H. Michael Schwartz will continue to serve as Chief Executive Officer and Chairman of the Board of Directors, relinquishing the title of President.
  • Matt F. Lopez was appointed Chief Financial Officer and Treasurer of the Registrant. He previously served as Controller for the Sponsor and was assigned to the Registrant's accounting and reporting functions. He also assumed CFO roles for the Advisor and other affiliated entities.

Guidance, Outlook, and Risks

The filing text does not provide a clear value for financial guidance, outlook, management commentary on performance, specific risks, contingencies, or unusual items. The document is limited to the announcement of officer appointments and their professional backgrounds.

Investor Verification Checklist

  • Confirm the effective date of the leadership transition (January 20, 2017).
  • Verify the new reporting structure where Michael S. McClure serves as President and Matt F. Lopez as CFO.
  • Review the professional backgrounds of the new officers, noting their prior experience with SmartStop Self Storage, Inc. and PricewaterhouseCoopers LLP.
  • Check for subsequent filings regarding the impact of these changes on the company's operational strategy or financial performance.