Business
PriceSmart Announces Election of New Directors; Voting Results from 2021 Annual Meeting of Stockholders and Declaration of Semi-Annual Dividend
SAN DIEGO, Feb. 5, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the election of two new members to the Board of Directors and other
About this update from Pricesmart, Inc.
[{"type":"text","content":"SAN DIEGO, Feb. 5, 2021 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the election of two new members to the Board of Directors and other results from the Company's 2021 annual meeting of stockholders held on February 4, 2021.\n\n \n \n \n \n \n \n\n \nJoining PriceSmart's Board of Directors are the following individuals:\nPatricia Márquez has served as Dean of the Joan B. Kroc School of Peace Studies at the University of San Diego since 2014, and in July 2020 she started her dual role as Associate Provost for Academic Planning and Innovation and Dean of the Joan B. Kroc School of Peace Studies. Her research has focused on the intersection of business and social value creation, with an emphasis on poverty alleviation through market mechanisms. Prior to joining USD, Dr. Márquez was a professor and dean at IESA, a School of Business in Caracas, Venezuela from 2003 to 2005. \nDavid Snyder has served as a senior counsel at Pillsbury Winthrop Shaw Pittman, LLP since 2018 and previously served as a partner from 1993 until 2017 in the firm's Corporate and Securities practice. During 25 years as a partner, Mr. Snyder also served as Pillsbury's executive vice-chair for two years and on the firm's managing board for 15 years. Mr. Snyder has been a practicing attorney for over 40 years, focusing on corporate finance and has significant experience representing and advising public companies and their boards. \n\"We are pleased to welcome two new directors who have experience that will especially strengthen our board in the area of environmental and social responsibility and on governance matters,\" said PriceSmart CEO Sherry Bahrambeygui. \"We look forward to Dr. Márquez's participation as a recognized expert in environmental and social responsibility matters. She will serve as the Chair of the new Environmental and Social Responsibility Committee of our Board of Directors. Dr. Márquez has dedicated her career to driving innovation for achieving prosperity, peace, justice, and social change. We also welcome Mr. Snyder, who has over 40 years of legal experience representing and advising public companies and their boards on governance and compliance matters in addition to broad experience in executive management.\"\nAt yesterday's annual meeting of stockholders, ten nominees were elected to the PriceSmart, Inc. Board of Direc...