PriceSmart COO William J. Naylon resigns; John D. Hildebrandt named Acting COO

PRICESMART INC

COO William J. Naylon resigns by mutual agreement effective Feb 28, 2022; receives severance of $650k plus potential bonus up to $260k and $200k one-time payment.
John D. Hildebrandt, EVP Operations since Feb 2010, appointed Acting COO.
Naylon retains equity vesting on 8,580 shares of common stock through applicable vesting dates.
Separation agreement includes non-compete for 1 year and up to 100 hours transition support.

item 5.02 item 9.01

Executive movements

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Departed

William J. Naylon

Executive Vice President and Chief Operating Officer

PSMT · PRICESMART INC

Effective: 2022-02-28
Successor: John D. Hildebrandt
Filed: February 28, 2022, 6:59 PM ET

the resignation by mutual agreement of its Executive Vice President and Chief Operating Officer, William J. Naylon, effective February 28, 2022.

Appointed (interim)

John D. Hildebrandt

Acting Chief Operating Officer

PSMT · PRICESMART INC

Effective: 2022-02-28
Filed: February 28, 2022, 6:59 PM ET

Upon Mr. Naylon’s resignation, John D. Hildebrant will become Acting Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William J. Naylon resigned as Executive Vice President and Chief Operating Officer at PRICESMART INC.

Action: resigned
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

the resignation by mutual agreement of its Executive Vice President and Chief Operating Officer, William J. Naylon, effective February 28, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Hildebrandt was appointed as Acting Chief Operating Officer at PRICESMART INC.

Action: appointed
Role: Acting Chief Operating Officer

Exact text from the filing

Upon Mr. Naylon’s resignation, John D. Hildebrant will become Acting Chief Operating Officer.

View on SEC.gov

PRICESMART INC filing history →

Source: SEC EDGAR

accession 0001562762-22-000058

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