PriceSmart CTO Biehl resigns; transition agreement through June 1, 2023

PRICESMART INC

Juan Ignacio Biehl, EVP and CTO, resigned effective Feb 3, 2023; entered transition agreement on March 10, 2023.
He will remain employed through June 1, 2023: normal duties until March 31, then consulting on transition.
No severance beyond accrued wages, pro-rated Costa Rica '13th month' bonus, and accrued vacation pay.
Biehl retains already vested equity; no bonus for current year.
Subject to two-year non-solicit and confidentiality covenants post-separation.

item 5.02 item 9.01

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Departed

Juan Ignacio Biehl

Executive Vice President and Chief Technology Officer

PSMT · PRICESMART INC

Effective: 2023-02-03
Filed: March 10, 2023, 6:59 PM ET

As previously announced, on February 3, 2023, Juan Ignacio Biehl, Executive Vice President and Chief Technology Officer of the Company, informed the Company’s Interim Chief Executive Officer that he plans to resign to pursue other opportunities.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Juan Ignacio Biehl resigned as Executive Vice President and Chief Technology Officer at PRICESMART INC.

Action: resigned
Role: Executive Vice President and Chief Technology Officer

Exact text from the filing

As previously announced, on February 3, 2023, Juan Ignacio Biehl, Executive Vice President and Chief Technology Officer of the Company, informed the Company’s Interim Chief Executive Officer that he plans to resign to pursue other opportunities.

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Source: SEC EDGAR

accession 0001041803-23-000023

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