PriceSmart appoints John D. Hildebrandt permanent COO; salary raised to $625K

PRICESMART INC

Compensation Committee approved Hildebrandt as COO (ongoing) retroactive to May 1, 2022.
Salary increased to $625,000/year; target annual cash incentive: $250,000.
Annual equity incentive award set at $650,000.
One-time $30,000 cash bonus for acting COO period (Mar 1 – Apr 30, 2022).

item 5.02 item 9.01

Executive movements

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Role change

John D. Hildebrandt

Chief Operating Officer

PSMT · PRICESMART INC

Effective: 2022-05-01
Filed: May 26, 2022, 7:59 PM ET

On May 23, 2022, the Compensation Committee of the Board of Directors of the Company approved Mr. Hildebrandt’s appointment as Chief Operating Officer in an ongoing, as opposed to acting, capacity.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Hildebrandt changed role as Chief Operating Officer at PRICESMART INC.

Action: promoted
Role: Chief Operating Officer

Exact text from the filing

On May 23, 2022, the Compensation Committee of the Board of Directors of the Company approved Mr. Hildebrandt’s appointment as Chief Operating Officer in an ongoing, as opposed to acting, capacity.

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PRICESMART INC filing history →

Source: SEC EDGAR

accession 0001041803-22-000025

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