8-K

PRICESMART INC (PSMT)

8-K 2026-02-06 For: 2026-02-05
View Original
Added on April 09, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 5, 2026

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PriceSmart, Inc.

(Exact name of registrant as specified in its charter)

Delaware 000-22793 33-0628530
(State or Other Jurisdiction of<br><br>Incorporation) (Commission File Number) (I.R.S. Employer<br><br>Identification No.)

9797 Aero Drive, Suite 100

San Diego, CA 92123

(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (858) 404-8800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2)(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class Trading Symbol Name of each exchange on which registered
Common Stock, $0.0001 par value PSMT NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The information set forth under Item 5.07 below is incorporated by reference in this Item 5.02.

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders of PriceSmart, Inc. (the "Company") was held on February 5, 2026 through a virtual meeting platform. As of the record date, there were 30,816,360 shares outstanding and entitled to vote. There were 29,508,948 shares voted during the meeting or by proxy. Directors are elected by a plurality of the votes of the shares present during the meeting or represented by proxy at the Annual Meeting and entitled to vote on the election of directors. Each of the nominees of the Board of Directors (the "Board") received such a plurality and was re-elected to the Board. Stockholders also approved, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2025 and ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2026.

  1. To elect directors to serve until the next Annual Meeting of Stockholders or until their successors are elected and qualified:
Votes For Votes Withheld Broker Non-Votes
Sherry S. Bahrambeygui 27,584,486 1,130,701 793,761
Jeffrey R. Fisher 28,681,631 33,556 793,761
Gordon H. Hanson 28,338,930 376,257 793,761
Beatriz V. Infante 28,681,769 33,418 793,761
Leon C. Janks 27,302,521 1,412,666 793,761
Patricia Márquez 28,417,001 298,186 793,761
David N. Price 28,429,802 285,385 793,761
Robert E. Price 27,555,050 1,160,137 793,761
David R. Snyder 28,396,490 318,697 793,761
John D. Thelan 28,683,648 31,539 793,761
Edgar Zurcher 26,039,049 2,676,138 793,761
  1. To approve, on an advisory basis, the compensation of the Company's named executive officers for fiscal year 2025:
Votes For Votes Against Abstain Broker Non-Votes
Total Shares Voted 28,290,908 413,826 10,453 793,761
  1. To ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2026:
Votes For Votes Against Abstain
Total Shares Voted 29,255,505 245,750 7,693

Item 8.01. Other Events.

On February 5, 2026, the Company’s Board of Directors declared the Company’s annual cash dividend in the total amount of $1.40 per share, with $0.70 per share payable on February 27, 2026 to stockholders of record as of February 17, 2026 and $0.70 per share payable on August 31, 2026 to stockholders of record as of August 17, 2026. PriceSmart anticipates the ongoing payment of annual dividends in subsequent periods, although the actual declaration of future dividends, if any, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors at its discretion after its review of the Company’s financial performance and anticipated capital requirements, taking into account the uncertain macroeconomic conditions on our results of operations and cash flows.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit <br>No. Description
104 The cover page from this Current report on Form 8-K, formatted in Inline XBRL.

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: February 6, 2026 /s/ FRANCISCO VELASCO
Francisco Velasco    <br>Executive Vice President, Chief Legal Officer, Chief Risk & Compliance Officer, and Registered In-House Counsel