---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-015314"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T10:40:13.317815+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Herbalife Q4 Adj EBITDA $150M beats guidance; Stephan Gratziani appointed CEO

## Summary
- Q4 net sales $1.2B, down 0.6% YoY but up 2.7% constant currency; at high end of guidance.
- Q4 adjusted EBITDA $150.0M, exceeding guidance; margin up 340 bps vs Q4'23.
- Full-year adjusted EBITDA $634.8M, above guidance; leverage ratio reduced to 3.2x.
- Stephan Gratziani appointed CEO effective May 1, 2025; Michael Johnson becomes Executive Chairman.
- Rob Levy named President, Worldwide Markets, succeeding Gratziani.

## SEC filing metadata
- accession: 0001213900-25-015314
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000121390025015314/0001213900-25-015314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000121390025015314/ea0231502-8k_herbalife.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-015314
- JSON: https://secwatch.observer/filing/0001213900-25-015314.json
- Plain text: https://secwatch.observer/filing/0001213900-25-015314.txt

## Source-grounded claims
- claim_id: 4e89d0366c
  claim: Stephan Paulo Gratziani was appointed as Chief Executive Officer at HERBALIFE LTD..
  evidence_excerpt: Stephan Paulo Gratziani, the Company’s current President, was appointed as the Company’s Chief Executive Officer, effective May 1, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000121390025015314/0001213900-25-015314-index.htm
- claim_id: a38c113c77
  claim: Rob Levy was appointed as President – Worldwide Markets at HERBALIFE LTD..
  evidence_excerpt: Rob Levy, the Company’s current Managing Director, International, will succeed Mr. Gratziani to serve as the Company’s President – Worldwide Markets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000121390025015314/0001213900-25-015314-index.htm
- claim_id: e416bb91b4
  claim: Michael O. Johnson changed role as Executive Chairman at HERBALIFE LTD..
  evidence_excerpt: succeeding Michael O. Johnson, the Company’s current Chairman and Chief Executive Officer, who will concurrently transition to serve as the Company’s Executive Chairman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1180262/000121390025015314/0001213900-25-015314-index.htm

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