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Subsequent Events
9 Months Ended
Dec. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events
Note 9: Subsequent Events
 
On January 25, 2013 our Board of Directors declared a quarterly dividend of $0.15 per share. The Board established a February 8, 2013 record date and a February 22, 2013 payment date. Based on the outstanding share balance as of January 28, 2013 the Company estimates the dividend payable to be approximately $3.0 million.
 
On January 25, 2013, PetMed Express, Inc. (the “Company”), based on the Compensation Committee recommendation and the Board of Directors’ approval that the Company amend the existing executive employment agreement (the “Executive Employment Agreement”) of Menderes Akdag, the Company’s President and Chief Executive Officer, entered into Amendment No. 4 to Executive Employment Agreement with Mr. Akdag (“Agreement”). The Agreement amends certain provisions of the Executive Employment Agreement as follows: the term of the Agreement will be for three years, commencing on March 16, 2013; Mr. Akdag’s salary will remain at $550,000 per year throughout the term of the Agreement, and Mr. Akdag shall be granted 108,000 shares of restricted stock. The restricted stock will be granted on March 16, 2013, in accordance with the Company’s 2006 Restricted Stock Plan and the restrictions shall lapse ratably over a three-year period.