secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001040130-23-000040
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Express amends equity plans to add RSUs/PSUs, grants 19,750 equity awards to CFO, adopts AIP
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- Board amended 2022 Employee Plan to add RSUs and PSUs; similarly amended 2015 Outside Director Plan to add RSUs.
- CFO Christine Chambers received 11,750 RSUs (3-year graded vesting) and 8,000 PSUs tied to TSR vs S&P 600 Specialty Retail index over FY2024-2026.
- Annual Incentive Plan adopted for CEO and CFO; FY2024 target: 100% CEO/50% CFO base salary, weighted 40% revenue, 60% adjusted EBITDA.
- Maximum shares available under employee plan remains 1,000,000 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000104013023000040/0001040130-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000104013023000040/pets-20230615.htm
  HTML page:      https://secwatch.observer/filing/0001040130-23-000040

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