---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-072046"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T11:20:26.505923+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Herbalife appoints John DeSimone as CFO; announces restructuring and 2024 guidance

## Summary
- John DeSimone appointed CFO effective March 17, 2024; Alex Amezquita remains with company.
- Board approved restructuring plan requiring at least $60M pre-tax expenses in 2024, primarily severance.
- Q1 2024 guidance: net sales +1-3% y-o-y; adjusted EBITDA $115-130M.
- FY 2024 guidance: net sales +0-5% y-o-y; adjusted EBITDA $540-580M; capex $125-175M.
- Expects at least $80M annual run-rate savings from restructuring beginning in 2025; targets gross leverage ratio 3.0x by end 2025.

## SEC filing metadata
- accession: 0001193125-24-072046
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000119312524072046/0001193125-24-072046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000119312524072046/d809540d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-072046
- JSON: https://secwatch.observer/filing/0001193125-24-072046.json
- Plain text: https://secwatch.observer/filing/0001193125-24-072046.txt

## Key facts
- Executive change
  Alex Amezquita departed as Chief Financial Officer at HERBALIFE LTD..
  - Action: ceased to serve
  - Role: Chief Financial Officer
  source text: On March 17, 2024, Alex Amezquita ceased to serve as the Company’s Chief Financial Officer but will continue to serve as an employee of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000119312524072046/0001193125-24-072046-index.htm
- Executive change
  John DeSimone was appointed as Chief Financial Officer at HERBALIFE LTD..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On March 17, 2024, John DeSimone was appointed as the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000119312524072046/0001193125-24-072046-index.htm
- Restructurings & Charges
  HERBALIFE LTD. announced a restructuring with charges of at least $60 million of pre-tax expenses.
  - Type: restructuring
  - Charge: at least $60 million of pre-tax expenses
  source text: The Company expects to recognize at least $60 million of pre-tax expenses in 2024 related to the restructuring, which is primarily related to severance costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000119312524072046/0001193125-24-072046-index.htm

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