secwatch.observer — SEC 8-K summary
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Issuer:     MANNATECH INC (MTEX)
CIK:        0001056358
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001056358-24-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000018/0001056358-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056358/000105635824000018/mtex-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001056358-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer