---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-23-000023"
form_type: "8-K/A"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:13:10.837319+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001041803-23-000023
- form_type: 8-K/A
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000023/0001041803-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000023/psmt-20230203x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-23-000023
- JSON: https://secwatch.observer/filing/0001041803-23-000023.json
- Plain text: https://secwatch.observer/filing/0001041803-23-000023.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000023/0001041803-23-000023-index.htm

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