---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-22-000025"
form_type: "8-K/A"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:36:47.895702+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001041803-22-000025
- form_type: 8-K/A
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000025/0001041803-22-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000025/psmt-20220223x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-22-000025
- JSON: https://secwatch.observer/filing/0001041803-22-000025.json
- Plain text: https://secwatch.observer/filing/0001041803-22-000025.txt

## Key facts
- Executive change
  John D. Hildebrandt changed role as Chief Operating Officer at PRICESMART INC.
  - Action: promoted
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180322000025/0001041803-22-000025-index.htm

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