secwatch.observer — SEC 8-K summary
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Issuer:     PRICESMART INC (PSMT)
CIK:        0001041803
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001562762-22-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041803/000156276222000058/0001562762-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041803/000156276222000058/psmt-20220223x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-22-000058

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