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
December 17, 1998
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Date of Report
(Date of earliest event reported)
SHURGARD STORAGE CENTERS, INC.
(Exact name of registrant as specified in its charter)
Washington 0-23466 91-1603837
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
1155 Valley Street
Suite 400
Seattle, Washington 98109-4426
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(Address of principal executive offices, including zip code)
(206) 624-8100
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(Registrant's telephone number, including area code)
<PAGE>
Exhibit Index on Page 4
Item 5. Other Events
On December 17, 1998, the Board of Directors of Shurgard Storage
Centers, Inc. (the "Company") amended Section 3.5.1 of the Company's
Bylaws, "Business at Annual Meetings." The complete text of Section
3.5.1 of the Company's Bylaws, as amended, is attached to this Form 8-K
as Exhibit 3.2.
In accordance with the Company's Bylaws, as amended, a
shareholder proposing to transact business at an annual meeting must
provide written notice of such proposal, in the manner provided by the
Bylaws, no later than 90 days prior to the date of such annual meeting
(or, if the annual meeting is not held on the second Tuesday of May
and the Company provides less than 90 days' notice of such meeting, no
later than 10 days after the date of the notice). Accordingly, any
shareholder proposal to transact business at the 1999 annual meeting
of shareholders must be received no later than February 10, 1999.
Item 7. Financial Statement, Pro Forma Financial Information
and Exhibits
Exhibit No. Description
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3.2 Section 3.5.1 of the Company's Bylaws, as
amended October 17, 1998
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
SHURGARD STORAGE CENTERS, INC.
Dated: December 21, 1998
By /s/ Harrell Beck
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Harrell Beck, Senior Vice President,
Chief Financial Officer and Treasurer
EXHIBIT INDEX
Exhibit No. Description Page
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3.2 Section 3.5.1 of the Company's Bylaws, as
amended October 17, 1998
Exhibit 3.2
SHURGARD STORAGE CENTERS, INC.
BYLAWS SECTION 3.5.1
AS AMENDED OCTOBER 17, 1998
3.5 Business for Shareholders' Meetings
3.5.1 Business at Annual Meetings
In addition to the election of Directors, other proper business may be
transacted at an annual meeting of Shareholders, provided that such
business is properly brought before such meeting. To be properly
brought before an annual meeting, business must be (a) brought by or
at the direction of the Board or (b) brought before the meeting by a
Shareholder pursuant to written notice thereof, in accordance with
Section 3.5.3 hereof, and received by the Secretary not fewer than
ninety (90) days prior to the date specified in Section 3.1 hereof for
such annual meeting (or if the annual meeting is not held on the
second Tuesday of May and if less than ninety (90) days' notice or
prior public disclosure of the date of the annual meeting is given or
made to the Shareholders, not later than the tenth (10) day following
the day on which the notice of the date of the annual meeting was
mailed or such public disclosure was made). Any Shareholder notice
shall set forth (i) the name and address of the Shareholder proposing
such business; (ii) a representation that the Shareholder is entitled
to vote at such meeting and a statement of the number of Shares of the
Corporation which are beneficially owned by the Shareholder; (iii) a
representation that the Shareholder intends to appear in person or by
proxy at the meeting to propose such business; and (iv) as to each
matter the Shareholder proposes to bring before the meeting, a brief
description of the business desired to be brought before the meeting,
the reasons for conducting such business at the meeting, the language
of the proposal (if appropriate) and any material interest of the
Shareholder in such business. No business shall be conducted at any
annual meeting of Shareholders except in accordance with this Section
3.5.1. If the facts warrant, the Board, or the chairman of an annual
meeting of Shareholders, may determine and declare that (a) a proposal
does not constitute proper business to be transacted at the meeting or
(b) business was not properly brought before the meeting in accordance
with the provisions of this Section 3.5.1, and, if, in either case, it
is so determined, any such business not properly brought before the
meeting shall not be transacted. In addition to the procedures set
forth in this Section 3.5.1, any Shareholder desiring to include a
proposal in the Company's proxy statement must also comply with the
requirements set forth in Rule 14a-8 under Section 14 of the
Securities Exchange Act of 1934, as amended, or any successor
provision.
