PriceSmart Files 8-K Amendment on Officer/Director Changes
Ticker: PSMT · Form: 8-K/A · Filed: Sep 5, 2025 · CIK: 1041803
| Field | Detail |
|---|---|
| Company | Pricesmart Inc (PSMT) |
| Form Type | 8-K/A |
| Filed Date | Sep 5, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1,500,000, $500,000, $3,000,000, $2,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, amendment
Related Tickers: PSMT
TL;DR
PriceSmart filed an 8-K amendment covering leadership changes and compensation details.
AI Summary
PriceSmart, Inc. filed an amendment (Amendment No. 2) to its Form 8-K on February 28, 2025. This filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This amendment provides updated information regarding the company's leadership and executive compensation, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — This is a routine amendment to a previous filing, primarily providing updated corporate governance and financial information.
Key Numbers
- 000-22793 — SEC File Number (Identifies the company's filing history with the SEC.)
- 33-0628530 — I.R.S. Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- PriceSmart, Inc. (company) — Registrant
- February 28, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- San Diego, CA (location) — Principal executive offices
FAQ
What specific officer or director changes are detailed in this 8-K/A amendment?
The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but the specific names and details are not provided in the provided text.
What is the primary purpose of this filing being an 8-K/A (Amendment No. 2)?
This is an amendment to a previous 8-K filing, suggesting corrections or additions to the originally reported information concerning corporate governance and financial matters.
What is the date of the earliest event reported in this amendment?
The earliest event reported is dated February 28, 2025.
What are the principal executive offices of PriceSmart, Inc.?
The principal executive offices are located at 9740 Scranton Road, San Diego, CA 92121.
Does this filing include any new financial statements?
Yes, the filing indicates that financial statements and exhibits are included as part of this amendment.
Filing Stats: 844 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-09-05 16:04:28
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value PSMT NASDAQ Global Select Mar
- $1,500,000 — xecutive Officer, including a salary of $1,500,000 per year, a target annual cash incentiv
- $500,000 — a target annual cash incentive award of $500,000 and targeted annual vesting of $3,000,0
- $3,000,000 — $500,000 and targeted annual vesting of $3,000,000 of equity incentive awards based on gra
- $2,000,000 — ompensation will consist of a salary of $2,000,000 per year, a target annual cash incentiv
- $2,500,000 — $500,000 and targeted annual vesting of $2,500,000 of equity incentive awards based on gra
Filing Documents
- psmt-20250228.htm (8-K/A) — 26KB
- davidpriceamendedandrestat.htm (EX-10.1) — 11KB
- 0001041803-25-000051.txt ( ) — 157KB
- psmt-20250228.xsd (EX-101.SCH) — 2KB
- psmt-20250228_lab.xml (EX-101.LAB) — 22KB
- psmt-20250228_pre.xml (EX-101.PRE) — 13KB
- psmt-20250228_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Amended and Restated Employment Agreement dated September 4, 2025 between David Price and the Company. 104 The cover page from this Current report on Form 8-K, formatted in Inline XBRL.
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. Date: September 5, 2025 /s/ FRANCISCO VELASCO Francisco Velasco Executive Vice President, Chief Legal Officer, Registered In-House Counsel, Chief Risk & Compliance Officer and Secretary