Nu Skin Enterprises Board Shake-up
Ticker: NUS · Form: 8-K · Filed: 2024-09-12T00:00:00.000Z
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.
From the Filing
0001140361-24-040955.txt : 20240912 0001140361-24-040955.hdr.sgml : 20240912 20240912161720 ACCESSION NUMBER: 0001140361-24-040955 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240910 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240912 DATE AS OF CHANGE: 20240912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NU SKIN ENTERPRISES, INC. CENTRAL INDEX KEY: 0001021561 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 870565309 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12421 FILM NUMBER: 241295164 BUSINESS ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 BUSINESS PHONE: 801-345-1000 MAIL ADDRESS: STREET 1: 75 WEST CENTER ST STREET 2: ATTN: GREGORY BELLISTON CITY: PROVO STATE: UT ZIP: 84601 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ENTERPRISES INC DATE OF NAME CHANGE: 19980909 FORMER COMPANY: FORMER CONFORMED NAME: NU SKIN ASIA PACIFIC INC DATE OF NAME CHANGE: 19960919 8-K 1 ef20035756_8k.htm 8-K false 0001021561 0001021561 2024-09-10 2024-09-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   September 10, 2024     Date of Report (Date of earliest event reported)       NU SKIN ENTERPRISES, INC.     (Exact name of registrant as specified in its charter)     Delaware   001-12421   87-0565309 (State or other jurisdiction of incorporation)   (Commission File Number)     (IRS Employer Identification Number)   75 West Center Street Provo , Utah 84601     (Address of principal executive offices and zip code)       ( 801 ) 345-1000     (Registrant’s telephone number, including area code)       N/A     (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $.001 par value NUS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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