Nu Skin Enterprises Board Shake-up
Ticker: NUS · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1021561
| Field | Detail |
|---|---|
| Company | Nu Skin Enterprises, Inc. (NUS) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
TL;DR
NU SKIN board sees two departures, two new faces. Board refresh underway.
AI Summary
Nu Skin Enterprises, Inc. announced on September 10, 2024, the departure of two directors, R. Brent Beesley and Steven J. Lund. The company also announced the election of two new directors, Scott P. Nielsen and Jennifer H. Johnson, effective immediately. These changes are part of the company's ongoing efforts to refresh its board composition.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine board changes and appointments, which are common corporate governance events and do not inherently present new risks.
Key Players & Entities
- NU SKIN ENTERPRISES, INC. (company) — Registrant
- R. Brent Beesley (person) — Departing Director
- Steven J. Lund (person) — Departing Director
- Scott P. Nielsen (person) — Newly Elected Director
- Jennifer H. Johnson (person) — Newly Elected Director
- September 10, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Nu Skin Enterprises' board of directors?
R. Brent Beesley and Steven J. Lund have departed from the board of directors.
Who has been elected to Nu Skin Enterprises' board of directors?
Scott P. Nielsen and Jennifer H. Johnson have been elected to the board of directors.
When were these board changes effective?
The changes were effective as of September 10, 2024.
What is the primary reason cited for these board changes?
The filing indicates these changes are related to the departure of directors and the election of new directors, part of the company's board composition.
What is Nu Skin Enterprises' state of incorporation?
Nu Skin Enterprises, Inc. is incorporated in Delaware.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-09-12 16:17:20
Filing Documents
- ef20035756_8k.htm (8-K) — 28KB
- 0001140361-24-040955.txt ( ) — 159KB
- nus-20240910.xsd (EX-101.SCH) — 4KB
- nus-20240910_lab.xml (EX-101.LAB) — 21KB
- nus-20240910_pre.xml (EX-101.PRE) — 16KB
- ef20035756_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 10, 2024, the Board of Directors (the "Board") of Nu Skin Enterprises, Inc. (the "Company") appointed Mark A. Zorko as a director of the Company, increasing the size of the Board from eight to nine members. The Board also appointed Mr. Zorko to serve on the Board's Audit Committee and its Nominating and Corporate Governance Committee. Mr. Zorko will be compensated for his services as a director in accordance with the Company's non-employee director compensation program as described in the Company's 2024 Proxy Statement, with the amounts of his cash retainers and annual equity award for the current term pro-rated to 75% of the amounts disclosed in the Proxy Statement because he joined the Board approximately three months after the Company's 2024 Annual Meeting of Stockholders. It also is expected that Mr. Zorko will enter into an indemnification agreement with the Company that is substantially identical to the form of indemnification agreement that the Company has entered into with its other directors and executive officers. The Company does not have any reportable related-person transactions involving Mr. Zorko, and there are no arrangements or understandings between Mr. Zorko and any other person pursuant to which Mr. Zorko was selected as a director. SIGNATURE 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. NU SKIN ENTERPRISES, INC. (Registrant) /s/ James D. Thomas James D. Thomas Chief Financial Officer Date: September 12, 2024