---
schema_version: "secwatch.filing_event.v1"
accession: "0001040130-26-000057"
form_type: "8-K"
ticker: "PETS"
cik: "0001040130"
company_name: "PETMED EXPRESS INC"
filed_at: "2026-09-28T20:27:25+00:00"
generated_at: "2026-10-12T13:36:17.169934+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# PetMed adds 500,000 shares to inducement plan for new CEO Willard's equity awards

## Summary
- Board approved an amendment to the 2024 Inducement Incentive Plan on September 27, 2026, raising shares reserved by 500,000 to an aggregate 850,000 shares.
- The 500,000-share increase equals the 250,000 restricted shares plus 250,000 performance share units the company agreed to grant new CEO Jeffrey Allen Willard.
- Willard's start date as Chief Executive Officer is September 28, 2026, per the employment agreement disclosed in the company's September 17, 2026 Form 8-K.
- No other changes were made to the plan; awards may only go to individuals not previously employees or directors, per the Nasdaq inducement award exception.
- Amended and restated plan permits restricted stock, RSUs, performance stock units, non-statutory options and stock appreciation rights.

## SEC filing metadata
- accession: 0001040130-26-000057
- form_type: 8-K
- ticker: PETS
- cik: 0001040130
- company_name: PETMED EXPRESS INC
- filed_at: 2026-09-28T20:27:25+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040130/000104013026000057/0001040130-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040130/000104013026000057/pets-20260927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040130-26-000057
- JSON: https://secwatch.observer/filing/0001040130-26-000057.json
- Plain text: https://secwatch.observer/filing/0001040130-26-000057.txt

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