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
Date of
report (Date of earliest event reported): February 25, 2010
MANNATECH,
INCORPORATED
(Exact
Name of Registrant as Specified in its Charter)
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Texas
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000-24657
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75-2508900
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(State
or other Jurisdiction of Incorporation or Organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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600
S. Royal Lane, Suite 200
Coppell,
Texas 75019
(Address
of Principal Executive Offices, including Zip Code)
Registrant’s
Telephone Number, including Area Code: (972) 471-7400
_________________________________________________
(Former
name or former address, if change 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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01. Other Events.
Effective
February 25, 2010, Mannatech, Incorporated (“Mannatech”) promoted Natalie Clark
to senior vice president, North America and Gary Spinell to senior vice
president, finance and administration.
Mrs.
Clark has been with Mannatech since 1995 and has more than 15 years experience
in the direct selling industry. She has overseen the implementation
of Mannatech’s strategic business plan, compliance department, call center,
distribution center and development of the company’s award-winning global
compensation plan. Mrs. Clark will now report directly to Dr. Rob
Sinnott, co-Chief Executive Officer and Chief Science Officer.
Mr.
Spinell has provided four years of service to Mannatech and will continue to
oversee human resource functions, investor relations, risk management activities
and serve as treasurer.
A copy of
the Company’s press release announcing these promotions is attached as Exhibit
99.1 to this Current Report on Form 8-K and incorporated by reference into this
Item 8.01.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
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Exhibit Number
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Exhibit
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99.1*
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Press
Release dated February 26, 2010 entitled “Mannatech Promotes Key
Executives, Supports International
Expansion”
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*Filed herewith.
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.
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MANNATECH,
INCORPORATED
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|||
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Dated:
February 26, 2010
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By:
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/s/
Stephen D. Fenstermacher
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Stephen
D. Fenstermacher
Co-Chief
Executive Officer and Chief Financial
Officer
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EXHIBIT
INDEX
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Exhibit Number
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Exhibit
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99.1*
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Press
Release dated February 26, 2010 entitled “Mannatech Promotes Key
Executives, Supports International Expansion”
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*Filed herewith.
Exhibit
99.1
MEDIA CONTACT:
Allison
Lowe
(972)
499-6631
allison.lowe@hck2.com
Mannatech
Promotes Key Executives, Supports International Expansion
Advances
sales, finance, human resources and international expansion roles
(COPPELL, Texas) February 26,
2010 – Mannatech,
Incorporated (NASDAQ: MTEX - News), a global
pioneer in the development of high-quality health, weight and fitness
and skin care
solutions based on nutritional science,
announced the promotions of Natalie Clark to senior vice
president, North America; Gary
Spinell to senior vice president, finance and administration; Landen Fredrick to vice
president, North American sales; Sandra McLean, PHR, to vice
president, human resources; and Matt Rumpsa to vice president,
international expansion, as part of an ongoing effort to support global
expansion initiatives.
“Each
promotion recognizes the individual contributions these talented people have
provided to Mannatech and advances the company's management team development and
executive leadership for the future of the company," said Dr.
Robert A. Sinnott, MNS,
PhD, co-chief executive officer and chief science officer of Mannatech.
“This team is equipped to help guide our organization to the next level
of excellence through international expansion and providing our high-quality,
scientifically backed wellness products to consumers around the
world.”
The newly
promoted executives include:
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·
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Natalie
Clark, Senior Vice President, North
America
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Clark has
been with Mannatech since 1995 and has more than 15 years experience in the
direct selling industry. She has overseen the implementation of
Mannatech’s strategic business plan, compliance department, call center,
distribution center and development of the company’s award-winning global
compensation plan. Clark will now report directly to Dr. Robert Sinnott,
co-CEO and CSO.
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·
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Gary
Spinell, Senior Vice President, Finance and
Administration
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Spinell
has provided four years of service to Mannatech and will continue to oversee
human resource functions, investor relations, risk management activities and
serve as treasurer. Prior to Mannatech, Spinell was treasurer for Expedia and
Hotels.com as well as vice president at Blockbuster.
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·
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Landen
Fredrick, Vice President, North American
Sales
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Fredrick
has been with Mannatech for four years serving as senior director of tools and
training. He now reports directly to Natalie Clark. Previously, he served as a
consultant to Mannatech, providing guidance on web development. Prior to
Mannatech, Fredrick founded and served as president of Kilian Fredrick
advertising.
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·
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Sandra
McLean, PHR, Vice President, Human
Resources
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McLean
has been with Mannatech for five years. She is a certified professional in human
resources (PHR), an industry certification awarded by the HR Certification
Institute for individuals working in the human resource management
profession. Previously, she worked as an HR consultant for Thompson DBM and has
held HR management positions in the manufacturing, healthcare and non-profit
arenas. McLean’s background also includes management training for the University
of Texas-Pan American continuing education system and she was recently nominated
as HR Professional of the Year by the North Dallas Chamber of
Commerce.
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·
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Matt
Rumpsa, Vice President, International
Expansion
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Rumpsa
joined Mannatech in 2008 and has more than 20 years experience in the direct
selling industry. With his promotion, Rumpsa now reports to Randy Bancino,
president of global business operations and expansion, and will focus on the
development of global expansion initiatives. Prior to Mannatech, Rumpsa served
as director of business relations and support services for Amway.
“I’m
excited that we are enhancing our international team, especially in the area of
global expansion,” said Randy
Bancino, president of global business operations and expansion at
Mannatech. “These moves further position Mannatech to take advantage of a
wide range of opportunities internationally.”
Many of
Mannatech’s products are based on Real Food
TechnologySM
solutions, which provide consumers with products that contain standardized
levels of natural and plant-sourced nutrients at nutritionally effective levels.
Food-sourced ingredients are chosen from those scientifically proven to most
benefit the human body. Mannatech offers the best alternative to synthetic
vitamin and mineral products and so-called “super-juice” products.
Individuals
interested in Mannatech’s products or in exploring its business opportunity can
learn more at www.mannatech.com.
About
Mannatech
Mannatech,
Incorporated develops high-quality health, weight and fitness, and skin care
products that are based on the solid foundation of nutritional science and
development standards. These proprietary products are available through
independent sales Associates around the globe including the United States,
Canada, South Africa, Australia, New Zealand, Austria, Denmark, Germany, Norway,
Sweden, the Netherlands, the United Kingdom, Japan, Taiwan, Singapore and the
Republic of Korea. For more information, please visit www.AllAboutMannatech.com.
Please
Note: This release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995. These forward-looking statements generally can be
identified by use of phrases or terminology such as “intend” or other similar
words or the negative of such terminology. Similarly, descriptions of
Mannatech’s objectives, strategies, plans, goals or targets contained herein are
also considered forward-looking statements. Mannatech believes this release
should be read in conjunction with all of its filings with the United States
Securities and Exchange Commission and cautions its readers that these
forward-looking statements are subject to certain events, risks, uncertainties,
and other factors. Some of these factors include, among others, Mannatech’s
inability to attract and retain associates and members, increases in
competition, litigation, regulatory changes, and its planned growth into
new international
markets. Although Mannatech believes that the expectations, statements, and
assumptions
reflected
in these forward-looking statements are reasonable, it cautions readers to
always consider all of the risk factors and any other cautionary statements
carefully in evaluating each forward-looking statement in this release, as well
as those set forth in its latest Annual Report on Form 10-K and Quarterly Report
on Form 10-Q, and other filings filed with the United States Securities and
Exchange Commission, including its current reports on Form 8-K. All of the
forward-looking statements contained herein speak only as of the date of this
release.