---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-23-000026"
form_type: "8-K/A"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:08:47.694455+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PriceSmart finalizes amended employment agreement with President and COO Hildebrandt; salary $850k, equity $1.5M

## Summary
- John D. Hildebrandt appointed President and COO effective Dec 9, 2022; compensation set retroactively.
- Annual salary $850,000, target cash incentive $638,000, annual equity incentive $1.5 million.
- Severance: 1x base salary paid over 12 months, COBRA for 12 months, accelerated equity vesting if terminated without cause after Robert Price steps down as CEO.
- Agreement auto-renews annually unless either party provides 60-day notice.
- Compensation approved by Compensation Committee on Jan 26, 2023; agreement executed March 22, 2023.

## SEC filing metadata
- accession: 0001041803-23-000026
- form_type: 8-K/A
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000026/0001041803-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000026/psmt-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-23-000026
- JSON: https://secwatch.observer/filing/0001041803-23-000026.json
- Plain text: https://secwatch.observer/filing/0001041803-23-000026.txt

## Key facts
- Executive change
  John D. Hildebrandt was appointed as President and Chief Operating Officer at PRICESMART INC.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: John D. Hildebrandt had been appointed President and Chief Operating Officer, effective December 9, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180323000026/0001041803-23-000026-index.htm

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