Mannatech, Inc. Proxy Statement for 2024 Annual Meeting

TL;DR

<b>Mannatech, Inc. will hold its 2024 Annual Meeting on June 11, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

MANNATECH INC (MTEX) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Mannatech, Inc. is holding its Annual Meeting of Shareholders on June 11, 2024. Shareholders will vote on the election of two directors: Larry Jobe and Kevin Robbins. The appointment of BDO USA, P.C. as the independent registered public accounting firm for the year ending December 31, 2024, is subject to ratification. Shareholders will vote on an advisory basis regarding executive compensation ('Say-on-Pay'). Proxy materials, including the Notice and Proxy Statement and Annual Report, are available at www.proxyvote.com.

Why It Matters

For investors and stakeholders tracking MANNATECH INC, this filing contains several important signals. This filing is a proxy statement, which outlines the proposals and information shareholders need to vote on matters at the annual meeting. The 'Say-on-Pay' proposal allows shareholders to express their opinion on the company's executive compensation practices.

Risk Assessment

Risk Level: — MANNATECH INC shows moderate risk based on this filing. The filing is a routine proxy statement with no immediate financial or operational disclosures, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on director elections, auditor ratification, and executive compensation.

Key Numbers

• 2024-06-11 — Annual Meeting Date (Annual Meeting of Shareholders)
• 2024-12-31 — Fiscal Year End (Independent registered public accounting firm appointment)

Key Players & Entities

• MANNATECH INC (company) — Filer name
• Larry Jobe (person) — Director nominee
• Kevin Robbins (person) — Director nominee
• BDO USA, P.C. (company) — Independent registered public accounting firm
• John A. Seifrick (person) — Proxy
• Tyler Rameson (person) — Proxy

FAQ

Industry Context

Mannatech, Inc. operates in the health and wellness sector, focusing on nutritional supplements and personal care products.

Regulatory Implications

This filing is a standard DEF 14A (Definitive Proxy Statement) filed under the Securities Exchange Act of 1934, governing the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the nominees for the Board of Directors and vote accordingly.
2. Consider the ratification of BDO USA, P.C. as the independent auditor for FY2024.
3. Evaluate the executive compensation proposal and cast an advisory vote.

Key Dates

• 2024-06-11: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement typically filed annually to provide shareholders with information for voting at the annual meeting.

Key Financial Figures

• $0.0001 — outstanding shares of our common stock, $0.0001 par value per share, which is our only

Filing Documents

• mtex2024proxydef14aa.htm (DEF 14A) — 556KB
• def14aproxycard2024001.jpg (GRAPHIC) — 122KB
• def14aproxycard2024002.jpg (GRAPHIC) — 114KB
• revisedproxy2017draft_imag.jpg (GRAPHIC) — 15KB
• sig.jpg (GRAPHIC) — 21KB
• 0001056358-24-000032.txt (&nbsp;) — 925KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 24

Executive Compensation

Executive Compensation Summary Compensation Table 25 All Other Compensation Table 26 Executive Employment Agreements 26 Non-Equity Incentive Plan 26 401(k) Plan 27 2023 O utstanding Equity Awards at Fiscal Year End Table 27 Retirement Benefits and Non-Qualified Deferred Compensation 28 Potential Payments Upon Termination or Change in Control 28 Pay Versus Performance 29 Named Executive Officers Stock Ownership Guidelines 31 Compensation and Stock Option Plan Committee Interlocks and Insider Participation 31 Certain Relationships and Related Party Transactions 32 Report From Our Audit Committee 34 Other Matters 35 Additional Information Available 35

Forward-Looking Statements

Forward-Looking Statements 36 Appendix A – Frequently Asked Questions A-1 MANNATECH, INCORPORATED NOTICE OF OUR 2024 ANNUAL SHAREHOLDERS' MEETING TO BE HELD ON JUNE 11, 2024 TO THE SHAREHOLDERS OF MANNATECH, INCORPORATED, The 2024 Annual Shareholders' Meeting of Mannatech, Incorporated (the "Company") will be a virtual meeting, conducted via live webcast, on Tuesday, June 11, 2024, at 900 a.m., Central Daylight Time for the following purposes Proposal 1 – To elect Larry Jobe and Kevin Robbins as Class I directors Proposal 2 – To ratify the appointment of BDO USA, P.C. as our independent registered public accounting firm for the year ending December 31, 2024 Proposal 3 – To hold an advisory vote on executive compensation ("Say-on-Pay") and To act upon such other matters as may properly come before our annual meeting. Our 2024 Annual Shareholder's Meeting will be a virtual meeting conducted entirely via the live webcast over the internet. Shareholders may listen to the 2024 Annual Shareholders' Meeting, submit questions and vote online at www.virtualshareholdermeeting.comMTEX2024. The Company encourages shareholders to participate virtually. Further instructions for how to participate are posted at www.shareholdermeeting.comMTEX2024. If you are having difficulty accessing the webcast, please call 844-986-0822 or 303-562-9202 (International) to speak with a representative from Broadridge Financial Solutions, Inc., the vendor who is providing technical support for the webcast. You will need the control number printed on your proxy card in order to authenticate yourself as a shareholder and gain access to the meeting if you choose to participate virtually. Our Board of Directors has set the close of business on April 19, 2024 as the record date for the determination of shareholders entitled to receive notice of and to vote at our 2024 Annual Shareholders' Meeting or any adjournment(s) thereof. The Notice of Internet Availability of Proxy Materials is

View Full Filing

View this DEF 14A filing on SEC EDGAR