PriceSmart names David Price CEO effective Sept 1; Robert Price becomes Executive Chairman

PRICESMART INC

Robert Price steps down as Interim CEO effective Aug 31, 2025; becomes Executive Chairman.
David Price, son of Robert Price, becomes CEO effective Sept 1; currently EVP & Chief Transformation Officer.
David Price has been with PriceSmart since 2017; appointed to Board in 2022.
Related-party transactions disclosed: ~$336K supplies to Price Philanthropies, $150K contribution to PriceSmart Foundation.
CEO compensation to be determined; independent directors unanimously approved appointment.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert Price

Executive Chairman

PSMT · PRICESMART INC

Successor: David Price
Filed: March 3, 2025, 6:59 PM ET

Robert Price will become Executive Chairman of the Board of Directors.

Role change

David Price

Chief Executive Officer

PSMT · PRICESMART INC

Effective: 2025-09-01
Filed: March 3, 2025, 6:59 PM ET

David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Price changed role as Executive Chairman at PRICESMART INC.

Action: will become
Role: Executive Chairman

Exact text from the filing

Robert Price will become Executive Chairman of the Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Price changed role as Chief Executive Officer at PRICESMART INC.

Action: will become
Role: Chief Executive Officer

Exact text from the filing

David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025.

View on SEC.gov

PRICESMART INC filing history →

Source: SEC EDGAR

accession 0001041803-25-000014

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