PetMeds Extends Existing Shareholder Rights Plan

Core Viewpoint - PetMed Express, Inc. has extended its shareholder rights plan for one year, reflecting the Board's belief that the company's shares do not currently represent its inherent value or long-term growth potential [1][2]. Summary by Sections Shareholder Rights Plan - The Board of Directors has unanimously approved an amendment to extend the expiration date of the Rights Plan from December 2, 2025, to December 2, 2026, with all other terms remaining unchanged [1][4]. - The Rights Plan aims to protect shareholders during a time of significant stock accumulation by certain shareholders, ensuring fair treatment and preventing control acquisition without appropriate compensation [2][3]. Company Background - PetMed Express, Inc. is a pioneer in the direct-to-consumer pet healthcare sector, offering a wide range of pet health solutions through its brands, including PetCareRx [5]. - The company is licensed across all 50 states and focuses on providing value, convenience, and care to pet owners [5].