- Current report filing (8-K)
September 14 2011 - 4:36PM
Edgar (US Regulatory)
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
September 14, 2011
Date of Report (Date of Earliest Event Reported)
SOVRAN SELF
STORAGE, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Maryland
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1-13820
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16-1194043
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(State of Other Jurisdiction
Of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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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):
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Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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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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Item 1.01. Entry into a Material Definitive Agreement.
On September 14, 2011, Sovran Self Storage, Inc. (the Company), Sovran Acquisition Limited Partnership (the
Operating Partnership), and Sovran Holdings, Inc. entered into an Equity Distribution Agreement (the Equity Distribution Agreement) with Wells Fargo Securities, LLC ( Wells Fargo), pursuant to which the Company
may sell from time to time, in a continuous equity offering program under its Registration Statement on Form S-3 (File No. 333-174668), up to $125,000,000 in aggregate offering price of shares of the Companys common stock, par value $0.01
per share (the Shares), through Wells Fargo, acting as the Companys agent and/or principal. Sales of the Shares made pursuant to the Equity Distribution Agreement, if any, may be made in negotiated transactions or transactions that
are deemed to be at the market offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange.
The Company made certain customary representations, warranties and covenants in the Equity Distribution Agreement and also agreed to
indemnify Wells Fargo against certain liabilities, including liabilities under the Securities Act of 1933, as amended.
This
Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. The Equity Distribution Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and the description of the material terms of the Equity Distribution Agreement in this
Item 1.01 are qualified in their entirety by reference to such Exhibit, which is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
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Exhibit No.
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Description
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1.1
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Equity Distribution Agreement, dated September 14, 2011, by and among Sovran Self Storage, Inc., Sovran Acquisition Limited Partnership, Sovran Holdings, Inc. and Wells Fargo
Securities, LLC, as Agent
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5.1
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Opinion of Phillips Lytle LLP regarding the legality of securities being registered
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5.2
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Opinion of Venable LLP regarding Maryland law
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8.1
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Opinion of Phillips Lytle LLP regarding certain tax matters
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23.1
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Consent of Phillips Lytle LLP (included in Exhibits 5.1 and 8.1)
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23.2
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Consent of Venable LLP (included in Exhibit 5.2)
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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.
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SOVRAN SELF STORAGE, INC.
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Date: September 14, 2011
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By
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/s/ D
AVID
L.
R
OGERS
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Name:
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David L. Rogers
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Title:
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Chief Financial Officer
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INDEX TO EXHIBITS
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Exhibit No.
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Description
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1.1
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Equity Distribution Agreement, dated September 14, 2011, by and among Sovran Self Storage, Inc., Sovran Acquisition Limited Partnership, Sovran Holdings, Inc. and Wells Fargo
Securities, LLC, as Agent
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5.1
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Opinion of Phillips Lytle LLP regarding the legality of securities being registered
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5.2
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Opinion of Venable LLP regarding Maryland law
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8.1
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Opinion of Phillips Lytle LLP regarding certain tax matters
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23.1
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Consent of Phillips Lytle LLP (included in Exhibits 5.1 and 8.1)
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23.2
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Consent of Venable LLP (included in Exhibit 5.2)
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