PriceSmart, Inc. (NASDAQ:PSMT) Files An 8-K Submission of Matters to a Vote of Security Holders
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 1, 2017 at the Companys
headquarters, 9740 Scranton Road, San Diego, CA, 92121. As of the
record date there were 30,406,433 shares outstanding and entitled
to vote.There were 27,442,841 shares voted in person or by
proxy.The results of the stockholder vote are set forth below.
|
1.To elect directors to serve until the next Annual |
||||
|
Votes For |
Votes Withheld |
|||
|
Sherry S. Bahrambeygui |
20,389,242 | 7,053,599 | ||
|
Gonzalo Barrutieta |
14,901,528 | 12,541,313 | ||
|
Gordon H. Hanson |
27,219,504 | 223,337 | ||
|
Leon C. Janks |
20,975,152 | 6,467,689 | ||
|
Jose Luis Laparte |
24,406,780 | 1,036,061 | ||
|
Mitchell G. Lynn |
26,339,838 | 1,103,003 | ||
|
Gary Malino |
27,139,921 | 302,920 | ||
|
Pierre Mignault |
14,888,008 | 12,554,833 | ||
|
Robert E. Price |
25,984,051 | 1,458,790 | ||
|
Edgar Zurcher |
14,897,786 | 12,545,055 | ||
Item 8.01. Other Events.
On February 1, 2017, the Companys Board of Directors declared a
cash dividend in the total amount of $0.70 per share, with $0.35
per share payable on February 28, 2017 to stockholders of record
as of close of business on February 15, 2017 and $0.35 per share
payable on August 31, 2017 to stockholders of record as of the
close of business on August 15, 2017.The Company anticipates the
ongoing payment of semi-annual dividends in subsequent periods,
although the actual declaration of future dividends, the amount
of such dividends, and the establishment of record and payment
dates is subject to final determination by the Board of Directors
in its discretion, after its review of the Companys financial
performance and anticipated capital requirements.
About PriceSmart, Inc. (NASDAQ:PSMT)
PriceSmart, Inc., through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia. The Company owns and operates the United States-style membership shopping warehouse clubs in Latin America and the Caribbean. It offers private label consumer goods to individuals and businesses. The Company offers three types of memberships, such as Business, Diamond and in Costa Rica Platinum memberships. It promotes Business membership through its marketing programs and offers certain merchandise targeted to businesses, such as restaurants, hotels, convenience stores, offices and institutions. The Diamond membership is focused on individuals and families. The Company offers Platinum memberships in Costa Rica. PriceSmart, Inc. (NASDAQ:PSMT) Recent Trading Information
PriceSmart, Inc. (NASDAQ:PSMT) closed its last trading session up +0.20 at 85.45 with 129,405 shares trading hands.
