secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K/A
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001041803-22-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000025/0001041803-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180322000025/psmt-20220223x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001041803-22-000025

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