Item 5.02 Departure of Directors or Principal Officers; Election of Directors;

Appointment of Principal Officers; Compensatory Arrangements of Certain

Officers.

On October 25, 2022, Life Storage, Inc. (the "Company") announced that Andrew J. Gregoire, the Chief Financial Officer of the Company, will retire effective January 2, 2023, and that Alexander E. Gress, the Company's current Vice President, Finance, Corporate Planning, and Investor Relations, will succeed Mr. Gregoire as Chief Financial Officer of the Company effective upon Mr. Gregoire's retirement.

In connection with Mr. Gregoire's retirement as Chief Financial Officer of the Company, the Company and Mr. Gregoire entered into an Amendment to Employment Agreement and Retirement Agreement (the "Amendment and Agreement"). Pursuant to the Amendment and Agreement, the parties agreed that Mr. Gregoire will retire as of January 2, 2023 and will continue to receive his current salary and bonus, if any, through his retirement date. He will remain eligible for a bonus, if any, for 2022 service under the Company's annual incentive compensation plan and the performance metrics of such plan, vest in certain previously issued restricted stock upon his retirement and be entitled to receive performance shares under previously issued performance-based share awards as if he had remained in the employment of the Company through the end of the applicable performance period. The foregoing description of the Amendment and Agreement does not purport to be complete and is qualified in its entirety by reference to the full Amendment and Agreement which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

Mr. Gress, age 49, has served as Vice President, Finance, Corporate Planning, and Investor Relations of the Company since October 18, 2021. Prior to joining the Company, Mr. Gress served as Executive Vice President & Chief Financial Officer of the Hamister Group, LLC, a privately held real estate investment platform, and as a General Partner of Meritas Equity Partners, a private equity firm, from February 2020 through October 2021. Prior to that, Mr. Gress served in executive management and leadership positions for national and international banking institutions, as well as venture capital platforms, for over 20 years including JPMorgan Securities Inc. and Lehman Brothers Ltd. in London. Mr. Gress started his career at Price Waterhouse LLP in New York City in 1995.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits


Exhibit
  No.                                    Description

10.1          Amendment to Employment Agreement and Retirement Agreement by and
            Among Life Storage, Inc., Life Storage LP, and Andrew J. Gregoire,
            dated October 25, 2022

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document).

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