secwatch.observer — SEC 8-K summary
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Issuer:     USANA HEALTH SCIENCES INC (USNA)
CIK:        0000896264
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001157523-21-000957
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USANA adopts nonqualified deferred compensation plan for key employees and named executive officers
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- Compensation Committee approved Deferred Compensation Plan on July 26, 2021 for key employees including named executive officers.
- Participants may defer compensation; Company may make matching contributions (3-year graded vesting) or non-elective contributions (immediate vesting).
- Distributions occur upon separation from service, death, or disability; bookkeeping entries credited/debited based on hypothetical investment elections.
- Plan is unfunded and unsecured; Company retains discretion to terminate or amend the plan at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896264/000115752321000957/0001157523-21-000957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896264/000115752321000957/a52469211.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-000957

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