PetMed Express Inc.
09/12/2025 | Press release | Distributed by Public on 09/12/2025 14:20
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 8, 2025, the Board of Directors (the "Board") of PetMed Express, Inc. (the "Company") approved an initial annual base salary of $550,000 for Leslie C.G. Campbell, who began serving as the Company's Interim Chief Executive Officer and President on August 11, 2025. Ms. Campbell's initial annual base salary will be paid for the period beginning on August 11, 2025, and continuing through such time as the Board and Ms. Campbell enter into a formal employment agreement. The Board also approved that Ms. Campbell would receive the same health and other benefits that the Company provides to its other senior level executives.
Also on September 8, 2025, the Board approved a restricted stock award in the amount of 10,000 restricted shares to Douglas Krulik, the Company's Chief Accounting Officer and Interim Principal Financial Officer, under the Company's 2024 Omnibus Incentive Plan (the "Plan"). The award was granted on September 9, 2025. The award will vest in its entirety on the date that is 6 months after the date of grant, subject to Mr. Krulik's continued employment with the Company through such date, or if earlier, upon the termination of Mr. Krulik's employment without "cause" within the meaning of the Plan.
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