Herbalife Shuffles CFO, Adds Directors
Ticker: HLF · Form: 8-K · Filed: Mar 7, 2024 · CIK: 1180262
| Field | Detail |
|---|---|
| Company | Herbalife LTD. (HLF) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0005 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, cfo-departure
TL;DR
Herbalife's CFO is out, interim CFO in, and two new directors join the board.
AI Summary
Herbalife Ltd. announced on March 1, 2024, the departure of its Chief Financial Officer, Alex A. Y. Chow, effective March 1, 2024. The company also announced the appointment of Stephen W. R. Smith as interim Chief Financial Officer. Additionally, the company elected two new directors, Patrick L. Graham and David L. Katz, to its board of directors, effective March 1, 2024.
Why It Matters
Changes in key financial and board leadership can signal strategic shifts or governance adjustments within a company, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in CFO and board composition can introduce uncertainty regarding future financial strategy and governance.
Key Players & Entities
- Herbalife Ltd. (company) — Registrant
- Alex A. Y. Chow (person) — Departing Chief Financial Officer
- Stephen W. R. Smith (person) — Interim Chief Financial Officer
- Patrick L. Graham (person) — Newly Elected Director
- David L. Katz (person) — Newly Elected Director
- March 1, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the interim Chief Financial Officer of Herbalife Ltd.?
Stephen W. R. Smith has been appointed as the interim Chief Financial Officer of Herbalife Ltd.
When was Alex A. Y. Chow's departure as CFO effective?
Alex A. Y. Chow's departure as CFO was effective March 1, 2024.
How many new directors were elected to Herbalife's board?
Two new directors, Patrick L. Graham and David L. Katz, were elected to Herbalife's board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is March 1, 2024.
What is the company's Standard Industrial Classification code?
The company's Standard Industrial Classification code is 5122, for Wholesale-Drugs Proprietaries & Druggists' Sundries.
Filing Stats: 621 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-03-07 09:14:53
Key Financial Figures
- $0.0005 — ch registered Common Shares, par value $0.0005 per share HLF New York Stock Exchan
Filing Documents
- d692830d8k.htm (8-K) — 24KB
- 0001193125-24-061556.txt ( ) — 147KB
- hlf-20240301.xsd (EX-101.SCH) — 3KB
- hlf-20240301_lab.xml (EX-101.LAB) — 18KB
- hlf-20240301_pre.xml (EX-101.PRE) — 11KB
- d692830d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. Herbalife Ltd. March 7, 2024 By: /s/ HENRY C. WANG Name: Henry C. Wang Title: EVP, General Counsel and Corporate Secretary