secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K/A
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001041803-23-000013
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PriceSmart boosts President & COO Hildebrandt's salary to $850k, target bonus $638k, equity $1.5M
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- John D. Hildebrandt's compensation increased retroactive to Dec. 9, 2022 promotion to President & COO.
- Salary raised to $850,000 per year; target cash incentive $638,000; annual equity incentive $1,500,000.
- Company plans to amend and restate Hildebrandt's employment agreement to reflect new terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000013/0001041803-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000013/psmt-20221208x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001041803-23-000013

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