Business Context and Reporting Period
This Form 8-K is a current report filed by U-Store-It Trust (Cubesmart) on February 19, 2009, regarding events occurring on February 16, 2009. The filing addresses a change in senior management.
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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Jeffrey P. Foster as Senior Vice President and Chief Legal Officer, effective February 16, 2009.
Management Commentary and Risks
Mr. Foster, age 39, brings significant experience from the real estate investment trust sector. Prior to this appointment, he served as Senior Vice President and Associate General Counsel for the Gramercy Realty division of Gramercy Capital Corp (NYSE:GKK) and its predecessor since April 2003. Before joining Gramercy, he was a member of the real estate practice group at Morgan, Lewis and Bockius, LLP. The filing includes a press release as Exhibit 99.1 but does not disclose specific risks, contingencies, or unusual items related to this appointment.
Investor Verification Points
- Confirm the effective date of Jeffrey P. Foster's appointment (February 16, 2009).
- Review the attached press release (Exhibit 99.1) for additional details on the executive's background.
- Verify that no other financial or operational changes were reported in this specific filing.