Form 8-K_Departure and Appointment of Certain Officers_ALB



Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 10, 2018

PriceSmart, Inc.

(Exact name of registrant as specified in its charter)









(State or Other Jurisdiction of


(Commission File Number)

(I.R.S. Employer

Identification No.)


9740 Scranton Road, San Diego, CA 92121

(Address of Principal Executive Offices, including Zip Code)

Registrant's telephone number, including area code: (858) 404-8800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2)(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      



ITEM 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On July 6, 2018, PriceSmart, Inc., a Delaware corporation (the “Company”) announced that Executive Vice President and Chief Merchandising Officer Jesus Von Chong will be taking a different position within the Company, effective August 1, 2018.  Mr. Von Chong will continue to be a key senior executive with responsibility for running the local/regional foods & non-foods teams for Central America, the Caribbean and Colombia.

Ana Luisa Bianchi will take over Mr. Von Chong’s responsibilities as Executive Vice President and Chief Merchandising Officer for the Company effective August 1, 2018.  Mrs. Bianchi currently serves as the Senior Vice President of Merchandising for all of Latin America Local Foods.  She led the opening and staffing of the new Colombia buying office and was instrumental in growing our Colombia business from a start up to the $400 million business we have today.  Ms. Bianchi has been with the Company for 20 years.




Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.





Date: July 10, 2018






Maarten O. Jager




Executive Vice President and Chief Financial Officer




(Principal Financial Officer and




Principal Accounting Officer)