PetMed Express Names New CFO, CFO Departs

TL;DR

New CFO at PetMed Express, Atwood out May 24th.

AI Summary

PetMed Express, Inc. announced on May 20, 2024, the departure of its Chief Financial Officer, Jeffrey W. Atwood, effective May 24, 2024. The company also announced the appointment of Peter J. Tonti as the new Chief Financial Officer, effective May 20, 2024. Tonti will receive an annual base salary of $300,000 and will be eligible for a discretionary annual bonus.

Why It Matters

A change in CFO can signal shifts in financial strategy or concerns about past performance, impacting investor confidence and the company's financial direction.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $300,000 — New CFO Salary (Annual base salary for Peter J. Tonti)

Key Players & Entities

• PetMed Express, Inc. (company) — Registrant
• Jeffrey W. Atwood (person) — Departing Chief Financial Officer
• May 24, 2024 (date) — Effective date of Atwood's departure
• Peter J. Tonti (person) — Appointed Chief Financial Officer
• May 20, 2024 (date) — Effective date of Tonti's appointment
• $300,000 (dollar_amount) — Peter J. Tonti's annual base salary

FAQ

Key Financial Figures

• $24 — ins with fiscal 2022 annual revenues of $24+ billion, and Mr. Mennen was responsibl
• $50,000 — will receive an annual cash retainer of $50,000, payable in arrears in equal quarterly
• $75,000 — rs, provided that such retainer will be $75,000 for the Chair of the Board beginning in
• $10,000 — mittees of the Board: Audit Committee - $10,000 (or $20,000 for chairperson), Compensat
• $20,000 — he Board: Audit Committee - $10,000 (or $20,000 for chairperson), Compensation and Huma
• $7,500 — tion and Human 2 Capital Committee - $7,500 (or $15,000 for chairperson), Corporate
• $15,000 — man 2 Capital Committee - $7,500 (or $15,000 for chairperson), Corporate Governance
• $5,000 — e Governance and Nominating Committee - $5,000 (or $10,000 for chairperson). Non-emp

Filing Documents

• pets-20240520.htm (8-K) — 39KB
• pets-20240520xexx101.htm (EX-10.1) — 20KB
• pets-20240520xexx991pressr.htm (EX-99.1) — 8KB
• 0001040130-24-000028.txt ( ) — 199KB
• pets-20240520.xsd (EX-101.SCH) — 2KB
• pets-20240520_lab.xml (EX-101.LAB) — 21KB
• pets-20240520_pre.xml (EX-101.PRE) — 12KB
• pets-20240520_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On May 20, 2024, the Company issued a press release announcing the appointment of Mr. Mennen as a member of the Board. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in this Item 7.01 and the related information in Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference in any filing made by the Company under the Securities Act or the Exchange Act except as set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Non-Employee Director Compensation Program, effective May 19 , 2024. 99.1 Press Release dated May 20, 2024 . 104 Cover Page Interactive Data File (formatted as Inline XBRL) * * * 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 20, 2024 PETMED EXPRESS, INC. By: /s/ Christine Chambers Name: Christine Chambers Title: Chief Financial Officer and Treasurer 4

View Full Filing

View this 8-K filing on SEC EDGAR