PriceSmart (PSMT) AGM 2025 summary

Opening remarks and agenda

• The meeting was formally called to order by the Chairman and Interim CEO, with stockholders attending virtually and in person.

• The agenda included electing directors, an advisory vote on executive compensation, amending the equity incentive plan, and ratifying the independent auditor.

Corporate governance

• Eleven nominees for the Board of Directors were introduced, with information provided in the proxy statement.

• Ernst & Young LLP was present as the independent auditor.

Overview of voting outcomes

• A quorum was confirmed, with at least 94% of shares represented.

• All 11 director nominees were elected with a plurality of votes.

• Executive compensation was approved by at least 99% of shares present and voting.

• The amendment to the equity incentive plan was approved by at least 92% of shares present and voting.

• Ratification of Ernst & Young LLP as auditor was approved by at least 98% of shares present and voting.