secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2026-09-17T13:08:51+00:00
Accession:  0001040130-26-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Express appoints Jeff Willard as CEO, effective Sept. 28; Leslie Campbell retires as Chair
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- Jeff Willard named CEO & President effective Sept. 28, 2026; succeeds Leslie Campbell, who retires as Chair & interim CEO; Justin Mennen becomes Board Chair.
- Willard gets $550k base salary, $120k signing bonus, $50k relocation, target bonus 75% of salary, plus 250k RSAs and up to 250k PSUs.
- Future annual LTI target $750k; initial PSUs vest on 3-yr TSR vs S&P 600 Specialty Retail Index.
- Campbell to remain Strategic Advisor for 60 days; Mennen becomes Chair, Batushansky takes over governance committee chair.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000104013026000045/0001040130-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000104013026000045/pets-20260917.htm
  HTML page:      https://secwatch.observer/filing/0001040130-26-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer