PriceSmart Annual Meeting: Shareholders Re-Elect 11 Directors, OK Pay Plan and EY Auditor in Landslides

Core Viewpoint - PriceSmart held its 2026 virtual annual meeting where shareholders re-elected all 11 director nominees, approved the executive compensation plan, and ratified Ernst & Young as the independent auditor for fiscal 2026 with overwhelming support from shareholders [2][3][8]. Meeting Overview - The meeting was led by CEO David Price and conducted via a web portal and an 800-number dial-in line, addressing three proposals and other business matters [2]. - At least 95% of outstanding common shares (30,816,360 shares) were represented, exceeding the quorum requirement [3][4]. Voting Results - Proposal 1: All 11 director nominees received "considerably more" affirmative votes than required for election, indicating strong shareholder support [3][6]. - Proposal 2: The advisory vote on executive compensation passed with no less than 98% support from shares present and voting [3][8]. - Proposal 3: Ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending August 31, 2026, passed with no less than 99% support [3][8]. Adjournment and Communication - After the voting results, the meeting was adjourned, and no questions were received from shareholders during the allotted time [9]. - The company directed investors to its investor relations page for further information and communication [11]. Company Background - PriceSmart, Inc. is a U.S.-based retailer specializing in membership warehouse clubs, founded in 1993, offering bulk goods at discounted prices to members [12]. - The product assortment includes groceries, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items [13].