PriceSmart re-elects all 11 board nominees and declares $1.40 annual dividend
At its February 5, 2026 annual meeting, PriceSmart stockholders re-elected all 11 board nominees, approved on an advisory basis the pay of named executive officers for fiscal 2025, and ratified Ernst & Young LLP as auditor for the fiscal year ending August 31, 2026. The same day, the board declared an annual cash dividend of $1.40 per share, paid in two installments, which sets the income return for shareholders of record. The board said future dividends remain subject to its review of financial performance, capital needs and macroeconomic conditions.
Key points
- Eleven directors re-elected, including Robert E. Price and David N. Price; no nominee was rejected in the filing
- Say-on-pay proposal: 28,290,908 votes for and 413,826 against, with 10,453 abstentions and 793,761 broker non-votes
- Auditor ratification: 29,255,505 votes for, 245,750 against and 7,693 abstentions
- Dividend of $1.40 per share: $0.70 payable February 27, 2026 (record date February 17, 2026) and $0.70 payable August 31, 2026 (record date August 17, 2026)
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.