---
schema_version: "secwatch.filing_event.v1"
accession: "0001056358-24-000038"
form_type: "8-K"
ticker: "MTEX"
cik: "0001056358"
company_name: "MANNATECH INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:21:14.500446+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mannatech borrows $3.6M from directors at 16% interest for working capital

## Summary
- Three unsecured promissory notes with directors J. Stanley Fredrick ($2.5M), Tyler Rameson/Jade Capital ($1.0M), and Kevin Robbins ($100K).
- 16% annual interest, quarterly payments starting June 30, 2024; principal due Sept 30, 2026.
- Proceeds for general working capital, international expansion, and technology/software upgrades.
- Fairness opinion from third party received April 15, 2024; loans prepayable without penalty.

## SEC filing metadata
- accession: 0001056358-24-000038
- form_type: 8-K
- ticker: MTEX
- cik: 0001056358
- company_name: MANNATECH INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000038/0001056358-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000038/mtex-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056358-24-000038
- JSON: https://secwatch.observer/filing/0001056358-24-000038.json
- Plain text: https://secwatch.observer/filing/0001056358-24-000038.txt

## Key facts
- Debt Financings
  MANNATECH INC incurred loan of $3,600,000 aggregate with J. Stanley Fredrick, Tyler Rameson (through Jade Capital, LLC), and Kevin Robbins at 16% per annum maturing September 30, 2026.
  - Instrument: loan
  - Principal: $3,600,000 aggregate
  - Counterparty: J. Stanley Fredrick, Tyler Rameson (through Jade Capital, LLC), and Kevin Robbins
  - Rate: 16% per annum
  - Maturity: September 30, 2026
  - Event: incurrence
  source text: On April 23, 2024 Mannatech Incorporated (the “Company”) entered into three separate unsecured Loan Agreement and Promissory Notes (“Promissory Notes”) with three related parties, who are all current members of the Company’s Board of Directors and stockholders of the Company, in an aggregate principal amount of $3.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056358/000105635824000038/0001056358-24-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.