secwatch / observer
8-K filed May 1, 2024, 7:59 PM ET ticker HLF CIK 0001180262
earnings confidence high sentiment positive materiality 0.75

Herbalife Q1 net sales $1.3B (+1% YoY); raises full-year adjusted EBITDA guidance

HERBALIFE LTD.

2024-Q1 EPS reported $0.24 revenue$1,264,300,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HERBALIFE LTD. reported first quarter ended March 31, 2024 results: revenue $1.3 billion, net income $24.3 million, EPS $0.24. Guidance reaffirmed.

Period
first quarter ended March 31, 2024
Revenue
$1.3 billion
Net income
$24.3 million
EPS
$0.24
Guidance
reaffirmed
Result
reported results
Exact text from the filing
the first quarter ended March 31, 2024: Highlights First Quarter 2024 • Achieved year-over-year net sales growth on both reported and constant currency basis 2 ○ Net sales of $1.3 billion, up 1.0% vs. 1Q ’23, in-line with guidance; on constant currency basis 2 up 2.4% • Net income of $24.3 million • Adjusted EBITDA 1 of $138.3 million exceeds guidance; adjusted
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HERBALIFE LTD. shareholders approved Election of Directors at the 2024-04-25 meeting.

Proposal
director election
Outcome
passed
Meeting
2024-04-25
Exact text from the filing
Proposal 1: Election of Directors. Ten board nominees for director were elected by a majority of the votes cast with respect to each nominee to serve until the 2025 annual general meeting of shareholders of the Company or until their successors are duly elected and qualified. The voting results are as follows: For Against Abstain Broker Non-votes Michael O. Johnson 66,079,357 582,448 19,226 9,921,498 Richard H. Carmona 65,747,055 915,113 18,863 9,921,498 Celine Del Genes 57,068,905 385,052 9,227,074 9,921,498 Sophie L’Hélias 66,183,554 474,934 22,543 9,921,498 Alan W. LeFevre 66,131,815 525,590 23,626 9,921,498 Michael J. Levitt 66,377,766 281,423 21,842 9,921,498 Rodica Macadrai 66,113,949 543,286 23,796 9,921,498 Juan Miguel Mendoza 66,129,687 527,738 23,606 9,921,498 Don Mulligan 56,978,797 474,785 9,227,449 9,921,498 Maria Otero 56,877,207 577,611 9,226,213 9,921,498
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HERBALIFE LTD. shareholders approved Ratify, on an advisory basis, the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2024-04-25 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2024-04-25
Exact text from the filing
Proposal 4: Ratify, on an advisory basis, the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024 was ratified. The voting results are as follows: For Against Abstain Broker Non-votes 75,553,956 1,040,485 8,088 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HERBALIFE LTD. shareholders approved Approve an amendment and restatement of the Company’s 2023 Stock Incentive Plan to increase the number of Common Shares available for issuance under such plan at the 2024-04-25 meeting.

Proposal
equity plan
Outcome
passed
Meeting
2024-04-25
Exact text from the filing
Proposal 3: Approve an amendment and restatement of the Company’s 2023 Stock Incentive Plan to increase the number of Common Shares available for issuance under such plan. The amendment and restatement of the Company’s 2023 Stock Incentive Plan to increase the number of Common Shares available for issuance under such plan was approved. The voting results are as follows: For Against Abstain Broker Non-votes 35,401,164 31,266,178 13,689 9,921,498
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HERBALIFE LTD. shareholders approved Approve, on an advisory basis, the compensation of the Company’s named executive officers at the 2024-04-25 meeting.

Proposal
say on pay
Outcome
passed
Meeting
2024-04-25
Exact text from the filing
Proposal 2: Approve, on an advisory basis, the compensation of the Company’s named executive officers. The advisory resolution to approve the compensation of the named executive officers was approved. The voting results are as follows: For Against Abstain Broker Non-votes 55,103,969 2,345,635 9,231,427 9,921,498
View on SEC.gov

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HERBALIFE LTD. filing history →

Source: SEC EDGAR
accession 0001193125-24-127561
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