secwatch.observer — SEC 8-K summary
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Issuer:     PETMED EXPRESS INC (PETS)
CIK:        0001040130
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001437749-22-018636
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetMed Express hires Christine Chambers as CFO with $375K salary, $50K bonus
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- Annual base salary of $375,000; eligible for annual equity awards under 2016 Plan.
- One-time sign-on bonus of $50,000; pro-rata repayment if leaves within 12 months.
- Initial equity: 13,000 restricted shares + 3,000 performance restricted shares; vest over 3 years.
- Severance: 12 months base salary if terminated without cause; COBRA premium payment for 12 months.
- Remote work from Cabin John, MD, with travel to FL HQ as needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040130/000143774922018636/0001437749-22-018636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040130/000143774922018636/pets20220803_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-018636

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer