George Langa
About George B. Langa
Independent director of Global Self Storage, Inc. since 2016; currently chairs the Nominating & Governance Committee and serves on the Audit and Compensation Committees. Professional background in commercial and high-end residential real estate as a Luxury Collection Specialist and Senior Global Advisor at Berkshire Hathaway HomeServices in New York City and Houlihan Lawrence in Millbrook, NY; licensed New York real estate agent since 2004. Prior role as Executive Vice President at Millbrook Real Estate, LLC. Identified by the Board for expertise in commercial real estate transactions, marketing, and management, and designated an “audit committee financial expert.” Age and formal education not disclosed in the proxy statements.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Millbrook Real Estate, LLC | Executive Vice President | Prior to 2016 (exact dates not disclosed) | Commercial, development, land, and agricultural property expertise contributed to Board skills matrix |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Berkshire Hathaway HomeServices (NYC) | Luxury Collection Specialist, Senior Global Advisor | Since at least 2016 (licensed since 2004) | Focus on premium estates and commercial/land; licensed NY agent since 2004 |
| Houlihan Lawrence (Millbrook, NY) | Senior Global Advisor | Since at least 2016 (licensed since 2004) | Premium estates/development/land emphasis |
Board Governance
- Independence: The Board has repeatedly determined that Mr. Langa is independent under Nasdaq Listing Rules; he also meets SEC/Nasdaq standards for committee independence.
- Committees and chair roles (current):
- Nominating & Governance Committee: Chair.
- Audit Committee: Member; designated “audit committee financial expert.”
- Compensation Committee: Member.
- Committee activity (latest year):
- Audit Committee met 4 times in FY 2024; Compensation Committee met 2 times in FY 2024.
- Prior year (FY 2023): Audit 4 meetings; Compensation 2 meetings.
- Tenure: Director since 2016 (board declassified to annual elections; Langa elected annually).
- Declassification context: Board completed declassification by 2020; directors elected for one-year terms thereafter.
Fixed Compensation
Mr. Langa, as an independent director, is compensated via cash retainers and meeting fees; independent directors may elect to take cash fees in common stock under the 2017 Equity Incentive Plan (Mr. Langa did not do so in 2023–2024; other directors did).
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Fees earned in cash ($) | 20,500 | 20,000 | 21,250 | 23,250 | 26,250 | 27,750 |
| Total ($) | 20,500 | 20,000 | 21,250 | 23,250 | 26,250 | 27,750 |
Director fee schedule trend (for context):
- Regular semi-annual Board meeting fee increased over time: $7,000 (2018) → $7,500 (2019) → $8,000 (2020) → $9,000 (2021) → $10,000 (2022) → $10,500 (2023) → $11,000 (2024). Annual retainer remained $2,000; committee meeting $250; per-committee chair fee $500; annual meeting attendance $500; 2025 added $500 per Company education session.
Notes:
- In 2023 and 2024, other independent directors elected to receive a portion of cash compensation in immediately vested, unrestricted common shares; Mr. Langa received cash only.
Performance Compensation
| Year | Performance-Based Awards | Metrics/Structure |
|---|---|---|
| 2023 | None disclosed for independent directors | Compensation comprised cash fees; share elections by other directors vest immediately and are not performance-based. |
| 2024 | None disclosed for independent directors | Same structure; immediate vesting, unrestricted shares only when directors elect to receive cash in equity (Langa did not). |
Other Directorships & Interlocks
| Company | Type | Role | Notes |
|---|---|---|---|
| None disclosed | — | — | No current public company directorships or interlocks disclosed for Mr. Langa. |
Expertise & Qualifications
- Commercial real estate transactions, marketing, and management (Board-cited qualifications).
- Audit Committee Financial Expert designation (financial sophistication per SEC/Nasdaq).
Equity Ownership
| Metric | Latest Available |
|---|---|
| Shares beneficially owned | 3,547 (as of April 7, 2025) |
| Ownership as % of outstanding | <1% |
Additional notes:
- No director stock pledging disclosed; no director-specific stock ownership guidelines disclosed in SELF proxy statements. (table of contents referencing related-party section; no pledging disclosures found in the cited SELF documents)
Related Party Transactions and Conflicts
- Company-level related party context: No transactions >$120,000 in the last two fiscal years involving related persons, except a 2019 payment of $900,000 to Tuxis related to a 2016 property purchase; the Company notes potential conflicts from relationships among the Company and Winco-affiliated entities and has adopted policies to mitigate conflicts and allocate opportunities. No transactions involving Mr. Langa specifically are disclosed.
- Independence reaffirmed for Langa notwithstanding related-party context with other directors/officers (Winmill affiliates).
Insider Trades and Section 16 Compliance
| Item | Detail |
|---|---|
| Section 16(a) compliance (historical) | 2017 PRE 14A lists one late Form 4 filing for George B. Langa. No other exceptions disclosed in reviewed proxies. |
Governance Assessment
- Strengths
- Independent director with industry-relevant real estate expertise; chair of Nominating & Governance; serves on Audit and Compensation.
- Audit Committee Financial Expert designation enhances financial oversight credibility.
- Consistent committee activity; clear cadence of Audit (4) and Compensation (2) meetings in FY 2023–2024.
- Alignment and pay structure
- Modest, primarily cash-based director fees with optional share election; Langa did not elect equity, so exposure to stock price is via personal holdings (3,547 shares, <1%).
- Risk indicators and red flags
- Historical late Section 16 filing (one in 2017).
- Broader company-related-party context (Winco/Tuxis affiliates) presents potential perception of conflicts; Board discloses mitigation policies; no Langa-specific related transactions disclosed.