secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001041803-23-000016
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

PriceSmart declares $0.92 annual dividend; say-on-pay vote fails
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- Board declares $0.92/share annual dividend: $0.46 payable Feb 28 (record Feb 16) and $0.46 on Aug 31 (record Aug 15).
- Advisory vote on 2022 executive compensation failed: 13.85M for, 14.58M against (52.3% opposed).
- John D. Thelan, retired Costco SVP of Depots and Traffic, elected to board effective Feb 3, 2023.
- Shareholders approved amendment to 2013 Equity Plan adding 750,000 shares (26.9M for, 1.5M against).
- All 10 director nominees reelected; Ernst & Young ratified as auditor for FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000016/0001041803-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000104180323000016/psmt-20230203x8k.htm
  HTML page:      https://secwatch.observer/filing/0001041803-23-000016

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