---
schema_version: "secwatch.filing_event.v1"
accession: "0001040130-24-000122"
form_type: "8-K"
ticker: "PETS"
cik: "0001040130"
company_name: "PETMED EXPRESS INC"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:24:41.413012+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PetMed Express adopts limited-duration shareholder rights plan (poison pill) with 12.5% trigger

## Summary
- Board cites recent significant stock accumulations by certain shareholders; stock not reflecting intrinsic value.
- Rights dividend for holders of record Dec. 16, 2024; exercisable if a 12.5%+ owner is not Board-approved.
- Upon trigger, non-acquiring holders can buy shares at 50% discount; rights expire Dec. 2, 2025.
- Rights plan includes derivative securities in beneficial ownership definition; Board can redeem at $0.001 per right.
- Plan does not prevent Board-approved transactions and allows exempt persons and existing holders to avoid trigger.

## SEC filing metadata
- accession: 0001040130-24-000122
- form_type: 8-K
- ticker: PETS
- cik: 0001040130
- company_name: PETMED EXPRESS INC
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040130/000104013024000122/0001040130-24-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040130/000104013024000122/pets-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040130-24-000122
- JSON: https://secwatch.observer/filing/0001040130-24-000122.json
- Plain text: https://secwatch.observer/filing/0001040130-24-000122.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.