Mannatech CEO Alfredo Bala retiring Apr 1; Landen Fredrick promoted to President and CEO

MANNATECH INC

CEO Alfredo Bala retires effective April 1, 2024; will remain as advisor to the Company.
Landen Fredrick promoted to President and CEO effective April 1; continues as interim CFO until permanent hire.
Board approved increase in Fredrick's base salary to $325,000 per year, effective upon promotion.
Fredrick is son of Chairman J. Stanley Fredrick; served as President and COO since June 2023.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Landen Fredrick

President and Chief Executive Officer

MTEX · MANNATECH INC

Effective: 2024-04-01
Filed: March 14, 2024, 7:59 PM ET

the Company announced the promotion of Landen Fredrick to President and Chief Executive Officer (“CEO”) effective April 1, 2024

Departed

Alfredo (Al) Bala

Chief Executive Officer

MTEX · MANNATECH INC

Effective: 2024-04-01
Successor: Landen Fredrick
Filed: March 14, 2024, 7:59 PM ET

announcing the retirement of Alfredo (Al) Bala as the Company’s Chief Executive Officer effective April 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Landen Fredrick changed role as President and Chief Executive Officer at MANNATECH INC.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced the promotion of Landen Fredrick to President and Chief Executive Officer (“CEO”) effective April 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alfredo (Al) Bala retired as Chief Executive Officer at MANNATECH INC.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

announcing the retirement of Alfredo (Al) Bala as the Company’s Chief Executive Officer effective April 1, 2024

View on SEC.gov

MANNATECH INC filing history →

Source: SEC EDGAR

accession 0001056358-24-000018

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