Mannatech Announces Director Changes and Officer Compensation Updates
Ticker: MTEX · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1056358
| Field | Detail |
|---|---|
| Company | Mannatech Inc (MTEX) |
| Form Type | 8-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation, governance
Related Tickers: MTX
TL;DR
Mannatech board shake-up and pay changes filed. Watch for new strategy.
AI Summary
Mannatech, Incorporated announced on November 26, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of directors and the election of new directors, alongside updates to the compensatory arrangements for certain officers. The filing details these changes as required by SEC regulations.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect future performance and stability.
Key Players & Entities
- Mannatech, Incorporated (company) — Registrant
- November 26, 2024 (date) — Date of report and earliest event
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of directors and the election of new directors, though specific names are not detailed in the provided text.
What is the nature of the updates to executive compensation?
The filing states there are updates to the compensatory arrangements of certain officers, but the specifics of these arrangements are not elaborated in the provided text.
What is the company's principal executive office address?
The principal executive offices are located at 1410 Lakeside Parkway, Suite 200, Flower Mound, Texas 75028.
What is Mannatech's state of incorporation and IRS number?
Mannatech, Incorporated is incorporated in Texas and has an IRS Employer Identification Number of 75-2508900.
What SEC Act does this filing fall under?
This Form 8-K filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 640 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-11-26 16:30:14
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share MTEX The Nasdaq Stock Market
- $30,000 — ceive additional annual compensation of $30,000 as compensation for serving as Vice Cha
Filing Documents
- mtex-20241126.htm (8-K) — 26KB
- a991newdirector4q2024.htm (EX-99.1) — 12KB
- 0001056358-24-000091.txt ( ) — 162KB
- mtex-20241126.xsd (EX-101.SCH) — 2KB
- mtex-20241126_lab.xml (EX-101.LAB) — 21KB
- mtex-20241126_pre.xml (EX-101.PRE) — 12KB
- mtex-20241126_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit Number Description 99.1 * Press Release, dated November 26, 2024 titled ''Mannatech Announces Appointment of Robert A. Toth as Vice Chairman of the Board of Directors'' *Furnished herewith.
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: November 26, 2024 MANNATECH, INCORPORATED By: /s/ James Clavijo James Clavijo Chief Financial Officer