---
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"
generated_at: "2026-05-19T00:45:13.179643+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PriceSmart sets CEO David Price's compensation: $1.5M salary, $500K cash target, $3M equity target

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001041803-25-000037
- JSON: https://secwatch.observer/filing/0001041803-25-000037.json
- Plain text: https://secwatch.observer/filing/0001041803-25-000037.txt

## Key facts
- Executive change
  David Price changed role as Chief Executive Officer at PRICESMART INC.
  - Action: promoted
  - Role: Chief Executive Officer
  source text: PriceSmart previously announced that David Price will become Chief Executive Officer, effective September 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000104180325000037/0001041803-25-000037-index.htm

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