---
schema_version: "secwatch.filing_event.v1"
accession: "0001041803-25-000014"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T16:43:47.631519+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001041803-25-000014
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041803/000104180325000014/0001041803-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000104180325000014/psmt-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-25-000014
- JSON: https://secwatch.observer/filing/0001041803-25-000014.json
- Plain text: https://secwatch.observer/filing/0001041803-25-000014.txt

## Key facts
- Executive change
  Robert Price changed role as Executive Chairman at PRICESMART INC.
  - Action: will become
  - Role: Executive Chairman
  source text: Robert Price will become Executive Chairman of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180325000014/0001041803-25-000014-index.htm
- Executive change
  David Price changed role as Chief Executive Officer at PRICESMART INC.
  - Action: will become
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180325000014/0001041803-25-000014-index.htm

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