---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-22-000058"
form_type: "8-K"
ticker: "PSMT"
cik: "0001041803"
company_name: "PRICESMART INC"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:23:48.623317+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001562762-22-000058
- form_type: 8-K
- ticker: PSMT
- cik: 0001041803
- company_name: PRICESMART INC
- filed_at: 2022-02-28T23:59:59+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/1041803/000156276222000058/0001562762-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041803/000156276222000058/psmt-20220223x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-22-000058
- JSON: https://secwatch.observer/filing/0001562762-22-000058.json
- Plain text: https://secwatch.observer/filing/0001562762-22-000058.txt

## Key facts
- Executive change
  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
  source text: the resignation by mutual agreement of its Executive Vice President and Chief Operating Officer, William J. Naylon, effective February 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000156276222000058/0001562762-22-000058-index.htm
- Executive change
  John D. Hildebrandt was appointed as Acting Chief Operating Officer at PRICESMART INC.
  - Action: appointed
  - Role: Acting Chief Operating Officer
  source text: Upon Mr. Naylon’s resignation, John D. Hildebrant will become Acting Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041803/000156276222000058/0001562762-22-000058-index.htm

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