Shareholders approved all proposals
COPPELL, Texas--(BUSINESS WIRE)--May 29, 2015--
Mannatech,
Incorporated (NASDAQ: MTEX),
the founder of the M5MSM
(Mission 5 MillionSM) social entrepreneurial movement,
the pioneer of nutritional glycobiology and the global innovator of
naturally sourced supplements based on Real
Food Technology® solutions, announced that its
shareholders passed all proposals put to a vote at the company’s annual
shareholder meeting held Thursday, May 28, 2015.
Mannatech’s Chairman of the Board J. Stanley Fredrick chaired the
meeting and S. Mark Nicholls, Mannatech’s Chief Financial Officer, spoke
to the shareholders sharing the company’s financial results for 2014 and
the first quarter of 2015.
There were 2,679,411 outstanding shares of Mannatech’s common stock as
of March 31, 2015 entitled to vote and 2,084,587 shares, or 77.8%,
represented at the meeting, either in person or by proxy.
The following matters were submitted and voted upon at the meeting:
1. Mannatech shareholders voted to elect two individuals to the Board of
Directors as a Class I Director as set forth below:
Name
|
|
|
|
Number of shares For
|
|
|
|
Number of shares Withheld
|
|
|
|
Broker Non-Votes
|
Gerald E. Gilbert
|
|
|
|
1,120,920
|
|
|
|
65,541
|
|
|
|
898,126
|
Larry A. Jobe
|
|
|
|
1,120,853
|
|
|
|
65,608
|
|
|
|
898,126
|
Marlin Ray Robbins
|
|
|
|
1,119,188
|
|
|
|
67,273
|
|
|
|
898,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. Mannatech shareholders voted to ratify the appointment of BDO USA,
LLP as our independent registered public accounting firm for the fiscal
year ended December 31, 2015 as set forth below:
Number of shares For
|
|
|
|
Number of shares Against
|
|
|
|
Number of shares Abstaining
|
2,075,377
|
|
|
|
2,847
|
|
|
|
6,363
|
|
|
|
|
|
|
|
|
|
3. Mannatech shareholders approved, on an advisory basis, the
compensation of the company’s named executive officers as set forth
below:
Number of shares For
|
|
|
|
Number of shares Against
|
|
|
|
Number of shares Abstaining
|
|
|
|
Broker Non-Votes
|
1,162,973
|
|
|
|
20,446
|
|
|
|
3,042
|
|
|
|
898,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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. Mannatech is dedicated
to its platform of Social Entrepreneurship based on the foundation of
promoting, aiding and optimizing childhood nutrition where it is needed
most around the world. Mannatech’s 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, Estonia, Finland, the Republic of Ireland,
Czech Republic, the Republic of Korea, Mexico, Namibia, Spain and Hong
Kong. For more information, visit Mannatech.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 independent
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150529005090/en/
Source: Mannatech, Incorporated
Mannatech, Incorporated
Donna Giordano, 972-471-6512
Manager,
Executive Office Administration
ir@mannatech.com
www.mannatech.com