{"schema_version":"secwatch.filing_event.v1","accession":"0001041803-25-000037","form_type":"8-K/A","ticker":"PSMT","cik":"0001041803","company_name":"PRICESMART INC","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.273229+00:00","generated_at":"2026-05-19T00:45:13.179643+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"PriceSmart sets CEO David Price's compensation: $1.5M salary, $500K cash target, $3M equity target","bullets":["Base salary set at $1,500,000; target annual cash incentive $500,000; target annual equity incentive $3,000,000 grant-date value.","Severance on qualifying termination: 1x base salary paid in 24 installments over 12 months, plus 12 months COBRA, pro-rata bonus, and accelerated vesting of shares vesting in next 12 months.","Employment agreement automatically renews each year unless either party provides 60 days' notice of non-renewal.","Company may terminate without cause on 30 days' notice; executive may resign for good reason on 45 days' notice with 30-day cure period."],"urls":{"canonical":"https://secwatch.observer/filing/0001041803-25-000037","json":"https://secwatch.observer/filing/0001041803-25-000037.json","markdown":"https://secwatch.observer/filing/0001041803-25-000037.md","text":"https://secwatch.observer/filing/0001041803-25-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1041803/000104180325000037/0001041803-25-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1041803/000104180325000037/psmt-20250228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:45:13.179643+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"554f363558","claim":"David Price changed role as Chief Executive Officer at PRICESMART INC.","evidence_excerpt":"PriceSmart previously announced that David Price will become Chief Executive Officer, effective September 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1041803/000104180325000037/0001041803-25-000037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}