PriceSmart Announces Voting Results from 2020 Annual Meeting of Stockholders and Declares Semi-Annual Dividend

About this update from Pricesmart, Inc.

[{"type":"text","content":"SAN DIEGO, Feb. 7, 2020 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT) today announced the results from the Company's 2020 annual meeting of stockholders held on February 6, 2020 in San Diego.\n\n \n \n\n \nAt yesterday's annual meeting of stockholders, nine nominees were elected to the PriceSmart, Inc. Board of Directors. Each director elected will continue to hold office until the next annual meeting of stockholders of PriceSmart, or until the director resigns or a successor is elected or appointed. The following directors were elected yesterday: Sherry S. Bahrambeygui, Jeffrey Fisher, Gordon H. Hanson, Beatriz V. Infante, Leon C. Janks, Mitchell G. Lynn, Gary Malino, Robert E. Price and Edgar Zurcher.\nStockholders also approved, on an advisory basis, the compensation of the Company's executive officers for fiscal year 2019 and ratified the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2020. A final report on voting results will be filed with U.S. Securities and Exchange Commission within four business days following the date of the annual meeting of stockholders.\nOn February 6, 2020, the Company's Board of Directors declared an annual cash dividend in the total amount of $0.70 per share, with $0.35 per share payable on February 28, 2020 to stockholders of record as of February 15, 2020 and $0.35 per share payable on August 31, 2020 to stockholders of record as of August 15, 2020. Future dividends and the establishment of record and payment dates is subject to determination by the Board of Directors in its discretion, after its review of the Company's financial performance and anticipated capital requirements.\nAbout PriceSmart \nPriceSmart, headquartered in San Diego, owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, selling high quality merchandise and services at low prices to PriceSmart members. PriceSmart operates 45 warehouse clubs in 12 countries and one U.S. territory (seven each in Colombia, Costa Rica, and Panama; five in the Dominican Republic, four in Trinidad and Guatemala; three in Honduras; two each in El Salvador and Nicaragua; and one each in Aruba, Barbados, Jamaica and the United States Virgin Islands). The Company expects to open additional warehouse clubs in the follow...

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