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
Date of Report (Date of earliest event reported): April 21, 2006
PUBLIC STORAGE INC.
PS 401(k) Profit Sharing Plan
(Exact Name of Registrant as Specified in its Charter)
California 1-8389 95-3551121
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
701 Western Avenue, Glendale, California 91201-2349
(Address of Principal Executive Offices) (Zip Code)
(818) 244-8080
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| Written communication pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencements communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
RETIREMENT PLAN CERTIFYING ACCOUNTANT
ITEM 4.01 CHANGES IN RETIREMENT PLAN'S CERTIFYING ACCOUNTANT
On April 21, 2006, PS 401(k) Profit Sharing Plan (the "Plan") dismissed
Link, Murrel & Company as the independent accountants of the Plan.
The reports of Link, Murrel & Company on the Plan's financial statements
for the years ended December 31, 2004 and 2003 did not contain an adverse
opinion or a disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principle.
During the years ended December 31, 2004 and 2003, and through April 21,
2006, there were no disagreements between the Plan and Link, Murrel & Company on
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of Link, Murrel & Company, would have caused Link, Murrel & Company
to make reference to such disagreements in its reports on the financial
statements of the Plan for such years. During the years ended December 31, 2004
and 2003, and through April 21, 2006, there were no "reportable events" (as
defined in Item 304(a)(1)(v) of Regulation S-K) with respect to the Plan.
The Plan requested Link, Murrel & Company to furnish a letter addressed to
the Securities and Exchange Commission stating whether it agrees with the above
statements. A copy of such letter is filed as Exhibit 16.1 to this Current
Report on Form 8-K.
The Plan expects to engage another independent accounting firm shortly.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit
Number Description
--------
16.1 Letter from Link, Murrel & Company, dated April 26, 2006, regarding
change in independent registered public accounting firm of the PS
401(k) Profit Sharing Plan.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
Date: April 26, 2006
PS 401(k) Profit Sharing Plan
By: /s/ John s. Baumann
-------------------
John S. Baumann
On behalf of the Administrative Committee