secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001437749-21-021120
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Express appoints Mathew Hulett as CEO and President effective Aug 30, 2021
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- Base salary $500k/year; 3-year employment agreement with automatic renewal.
- Granted 90k RSUs vesting pro rata over 3 years.
- Granted 510k PSUs with stock price hurdles ($40-$60) over 3 years.
- Prior role: Co-President of Rosetta Stone; will work remotely from Seattle with required Florida visits.
- Severance: 12 months base salary + 18 months health benefits if terminated without cause or for good reason after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000143774921021120/0001437749-21-021120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000143774921021120/pets20210830_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-021120

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