Mannatech Announces Executive and Director Changes
Ticker: MTEX · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1056358
| Field | Detail |
|---|---|
| Company | Mannatech Inc (MTEX) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $0.6 million, $0.4 million, $325,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation
TL;DR
Mannatech shakes up leadership and exec pay - new directors and officers appointed.
AI Summary
Mannatech, Inc. announced on March 13, 2024, changes in its executive and director positions. The company elected new directors and appointed new officers, alongside adjustments to compensatory arrangements for certain executives. Specific details regarding the individuals involved and the financial implications of these compensatory arrangements were not fully disclosed in this initial filing.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director roles can introduce uncertainty about future strategy and operational stability.
Key Players & Entities
- Mannatech, Inc. (company) — Registrant
- March 13, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors and appointed officers of Mannatech, Inc.?
The filing indicates the election of directors and appointment of officers but does not name the specific individuals in this section.
What specific changes were made to the compensatory arrangements for certain officers?
The filing states that compensatory arrangements of certain officers were adjusted, but the details of these arrangements are not provided in this initial report.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 13, 2024.
What is Mannatech, Inc.'s principal executive office address?
Mannatech, Inc.'s principal executive offices are located at 1410 Lakeside Parkway, Suite 200, Flower Mound, Texas 75028.
What is the SIC code for Mannatech, Inc.?
The Standard Industrial Classification (SIC) code for Mannatech, Inc. is 2833, which corresponds to Medicinal Chemicals & Botanical Products.
Filing Stats: 770 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-03-14 08:20:51
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share MTEX The Nasdaq Stock Market
- $0.6 million — t"), the Company made cash donations of $0.6 million to the M5M Foundation for the year ende
- $0.4 million — ny made cash donations of approximately $0.4 million to the M5M Foundation. Mr. Fredrick ser
- $325,000 — in Mr. Fredrick's annual base salary to $325,000 for 2024, effective as of his promotion
Filing Documents
- mtex-20240313.htm (8-K) — 26KB
- a991ceodeparture1q2024.htm (EX-99.1) — 13KB
- image0a03a.jpg (GRAPHIC) — 5KB
- 0001056358-24-000018.txt ( ) — 171KB
- mtex-20240313.xsd (EX-101.SCH) — 2KB
- mtex-20240313_lab.xml (EX-101.LAB) — 21KB
- mtex-20240313_pre.xml (EX-101.PRE) — 12KB
- mtex-20240313_htm.xml (XML) — 3KB
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. Date: March 13, 2024 MANNATECH, INCORPORATED By: /s/ Landen Fredrick Landen Fredrick COO/Interim CFO