Summary of PRICESMART INC - Yahoo! Finance

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Company's Annual Meeting of Stockholders was held on January 22, 2013 at the Company's headquarters, 9740 Scranton Road, San Diego, CA 92121. As of the record date there were 30,215,819 shares outstanding and entitled to vote, 24,079,417 shares were voted in person or by proxy. The results of the stockholder votes are set forth below:

1. To elect directors to serve until the next Annual Meeting of Stockholders or until their successors are elected and qualified:

                                                    Votes For                      Votes Withheld
                Sherry S. Bahrambeygui             23,776,064                             303,353
                    Gonzalo Barrutieta             23,807,753                             271,664
                  Katherine L. Hensley             22,377,756                           1,701,661
                         Leon C. Janks             22,880,623                           1,198,794
                     Jose Luis Laparte             23,350,577                             728,840
                      Mitchell G. Lynn             23,812,887                             266,530
                       Robert E. Price             15,810,979                           8,268,438
                      Edgar A. Zurcher             14,811,683                           9,267,734

2. To approve the PriceSmart, Inc. 2013 Equity Incentive Award Plan:

Votes For Votes Against Abstain Total Shares Voted 21,713,662 1,778,061 587,385