{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-016908","form_type":"8-K","ticker":"NATR","cik":"0000275053","company_name":"NATURES SUNSHINE PRODUCTS INC","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.692120+00:00","generated_at":"2026-06-15T10:32:37.794029+00:00","sec_items":["2.02","5.07","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Nature's Sunshine Q1 net sales $108.6M (+2.4% constant currency); GAAP EPS $0.04; $5.8M criminal scheme charge","bullets":["Net sales $108.6M, down 1.7% reported, up 2.4% constant currency; Asia segment grew 9.1% constant currency.","GAAP net income $1.3M ($0.04/diluted) vs loss of $2.7M ($0.15 loss); adjusted EBITDA $9.1M, up 12%.","SG&A included $5.8M one-time charge from a criminal scheme targeting a subsidiary; operating income fell to $0.2M.","Gross margin improved to 70.8% from 68.8% due to prior-year inventory valuation reserves from Russia/Ukraine.","Cash $65.7M, debt $1.0M; repurchased 90k shares for $0.8M in Q1; all director nominees elected at annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-016908","json":"https://secwatch.observer/filing/0001628280-23-016908.json","markdown":"https://secwatch.observer/filing/0001628280-23-016908.md","text":"https://secwatch.observer/filing/0001628280-23-016908.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/natr-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:32:37.794029+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f183ddac3f67834bcf607bb00a4b694573a771ec","claim":"NATURES SUNSHINE PRODUCTS INC reported first quarter ended March 31, 2023 results: revenue $108.6 million, net income $1.3 million, EPS $0.04 per diluted common share.","evidence_excerpt":"Net sales were $108.6 million compared to $110.5 million (up 2% in constant currency). • GAAP net income was $1.3 million, or $0.04 per diluted common share, compared to a loss of $(2.7) million, or $(0.15) per diluted common share. • Adjusted EBITDA was $9.1 million compared to $8.2 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$108.6 million"},{"label":"Net income","value":"$1.3 million"},{"label":"EPS","value":"$0.04 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"31826f6461e3b39858514c52e72e4ad28f38b926","claim":"NATURES SUNSHINE PRODUCTS INC shareholders approved Election of Directors at the 2023-05-03 meeting.","evidence_excerpt":"The Company’s shareholders elected all persons nominated for election as directors as set forth in the Proxy Statement to serve until the next Annual Meeting of Shareholders.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"8dc29ee9b9c0cf724ef6859c4e96646eb56d8ef8","claim":"NATURES SUNSHINE PRODUCTS INC shareholders approved Ratification of appointment of independent registered public accounting firm at the 2023-05-03 meeting.","evidence_excerpt":"The Company’s shareholders voted upon and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for the year ending December 31, 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"922da7ae49a8e423340aeacbe3a90213b03f221c","claim":"NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Resolution on Executive Officer Compensation at the 2023-05-03 meeting.","evidence_excerpt":"The Company’s shareholders, on an advisory basis, voted to approve an advisory resolution of the compensation of the Company’s named executive officers as follows:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"},{"claim_id":"f397de29986d7359cf34faca2c49d54ec0b196c1","claim":"NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Vote on the Frequency of Future Shareholder Advisory Votes on Named Executive Officer Compensation at the 2023-05-03 meeting.","evidence_excerpt":"The Company’s shareholders voted to to hold the shareholder advisory vote on compensation of our named executive officers every year, with results as follows:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/275053/000162828023016908/0001628280-23-016908-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-03"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}