Highest-materiality recent filing
NAII CFO Michael Fortin resigns, President Ken Wolf to serve as interim CFO
CFO Michael Fortin resigned effective May 15, 2026, to become CFO at another company.
NAII CEO LeDoux takes base pay cut to $255k; adds Swiss managing director role with CHF 170k salary
CEO Mark LeDoux's NAI base salary reduced from $475k to $255k/year effective May 1, 2026.
NAI obtains Wells Fargo waiver for loan covenant defaults after Q1 net loss exceeded $250K cap
Q1 FY2026 breached maximum net loss covenant (actual loss >$250K) and fixed charge coverage ratio (<1.0x).
NAII shareholders elect director, approve equity plan amendment, say-on-pay
Alan G. Dunn elected Class II director with 3,096,094 votes for, 132,700 withheld.
NAI enters new multi-year manufacturing agreement with Juice Plus+ covering 24 countries
Agreement effective July 16, 2025, with initial term through July 16, 2027.
Natural Alternatives increases CFO Fortin's base salary to $365,000 effective July 1, 2025
CFO Michael Fortin's annual base salary raised to $365,000 from prior amount, effective July 1, 2025.
NAI extends Wells Fargo credit facility to Dec 2026, reduces borrowing base to $10M
Amended credit facility with Wells Fargo extended to December 31, 2026.
Annual meeting elects two Class I directors and ratifies auditor
Guru Ramanathan elected with 3,144,668 votes for; 547,647 withheld; 1,237,675 broker non-votes.
NAII shareholders elect director Matherly, ratify auditor Haskell & White
Laura Kay Matherly elected as Class III director with 3,226,134 votes for, 150,888 withheld.
Temporary closure of new high-speed powder blending plant in Carlsbad, CA due to large customer ceasing purchases.
NAI extends Vista, CA manufacturing lease through Aug 2034; plans $2.3M solar system
Fourth Amendment extends lease 125 months (10 yrs 5 mos) from Apr 1, 2024 to Aug 31, 2034.
NAI Board authorizes additional $1M share buyback; total program now $19M
Board authorized $1.0M increase to stock repurchase plan, bringing total authorized to $19.0M.
Extends existing $20M revolving credit facility maturity to May 23, 2025.
Natural Alternatives Q4 net sales up 18% to $52.5M; guides FY2023 sales growth 10-15%
Q4 net sales $52.5M (+18.3% YoY); net income $3.1M ($0.52 diluted EPS) vs $3.0M ($0.47) in Q4 FY2021.
NAI Q3 net income up 30.7% to $2.5M; Q4 sales outlook +18-21%
Q3 net sales $42.4M (-8.5% YoY); private-label manufacturing down 10.8% due to 40% drop from largest customer.
NAI Q2 FY2022 net sales down 21.5% YoY to $37.7M; diluted EPS $0.30 vs $0.57
Net income $1.8M ($0.30 diluted EPS) vs $3.6M ($0.57) in prior-year quarter; private-label sales fell 25.7% to $33.7M.
NAI increases stock repurchase plan by $3M to $18M
Board authorized $3.0M increase to stock repurchase plan, bringing total to $18M.
Mark A. LeDoux received 3,437,208 votes for and 39,984 withheld; Guru Ramanathan received 3,438,212 for and 38,980 withheld.
NAI reports record FY2021 sales $178.5M, net income $10.8M; guides FY2022 sales up 5-10%
Q4 net sales $44.4M (+26.5% YoY); diluted EPS $0.47 vs $0.27 prior year.
NAI buys 54,154 sq ft Carlsbad manufacturing/warehouse facility for $17.5M
Purchased on August 20, 2021 for $17.5 million from an unrelated third party.
NAII boosts CEO, President, CFO salaries by $50K; enhances severance terms
CEO LeDoux salary raised to $475,000; added one-year group health insurance to severance.
Kenneth E. Wolf the President of the Company who was formerly the Company's Chief Financial Officer, will act as the Company's Principal Financial and Principal Accounting Officer.
Michael E. Fortin has given his notice of resignation as the Chief Financial Officer of the Company effective May 15, 2026.
The Board appointed Dr. Guru Ramanathan to complete the remaining term of the deceased director.
Max materiality 0.85 · Median 0.50 · Most common event other_material