Mannatech, Incorporated (Nasdaq: MTEX) ("Mannatech"), a global
health and wellness company committed to transforming lives to make
a better world, announced that its shareholders passed all
proposals put to a vote at Mannatech’s annual shareholder meeting
(the "Meeting") held Tuesday, June 11, 2019.
Mannatech’s Chairman of the Board, J. Stanley Fredrick, chaired
the Meeting and David Johnson, Mannatech’s Chief Financial
Officer, spoke to the shareholders sharing the company’s financial
results for 2018 and the first quarter of 2019.
There were 2,395,655 outstanding shares of Mannatech’s common
stock as of April 12, 2019 entitled to vote and
2,014,190 shares, or approximately 84.1% represented at the
Meeting, either in person or by proxy.
The following matters were submitted and voted upon at the
Meeting:
1. Mannatech shareholders voted on the election of three
individuals to the Board of Directors as Class II Directors to hold
office until 2022 as set forth below:
Name Number of Shares
For
Number of Shares
Withheld
Broker
Non-Votes
J. Stanley Fredrick 1,068,575 326,135
619,480 Eric W. Schrier 1,263,033
131,677 619,480 Tyler Rameson
1,325,723 68,987 619,480
2. Mannatech shareholders voted to ratify the
appointment of BDO USA, LLP as our independent registered
public accounting firm for the fiscal year
ended December 31, 2019 as set forth below:
Number of Shares
For
Number of Shares
Against
Number of Shares
Abstaining
Broker Non-Votes 1,905,368 107,427
1,395 0
3. Mannatech shareholders approved, on an advisory
basis, the compensation of Mannatech’s named executive officers as
set forth below:
Number of Shares
For
Number of Shares
Against
Number of Shares
Abstaining
Broker
Non-Votes
1,326,156 67,897 657
619,480
4. Mannatech shareholders approved, on an advisory basis, an
annual frequency of shareholder advisory votes on compensation of
Mannatech's named executive officers as set forth below:
1 Year 2 Years 3
Years Abstain Number of Shares
For
1,259,421 2,242 130,540
2,507
5. Mannatech shareholders approved the amendment to the 2017
Stock Incentive Plan as set forth below:
Number of Shares
For
Number of Shares
Against
Number of Shares
Abstaining
Broker
Non-Votes
1,304,223 89,952 535
619,480
To begin improving your life and the lives of those around you,
please visit Mannatech.com.
About Mannatech
Mannatech, Incorporated, offers a full body wellness experience
that makes a difference in the lives of people across the world.
Through its innovative Glyconutrition products, Mannatech changes
lives, providing an unprecedented level of natural wellness,
freedom and purpose. With more than 20 years of experience and
operations in 26 markets^, Mannatech is committed to changing
lives. For more information, visit Mannatech.com.
^Mannatech operates in China under a cross-border e-commerce
platform that is separate from its network marketing model.
Please Note: This release contains “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally can be identified by use
of phrases or terminology such as “intend” or other similar words
or the negative of such terminology. Similarly, descriptions of
Mannatech’s objectives, strategies, plans, goals or targets
contained herein are also considered forward-looking statements.
Mannatech believes this release should be read in conjunction with
all of its filings with the United States Securities and Exchange
Commission and cautions its readers that these forward-looking
statements are subject to certain events, risks, uncertainties and
other factors. Some of these factors include, among others,
Mannatech’s inability to attract and retain associates and
preferred customers, increases in competition, litigation,
regulatory changes and its planned growth into new international
markets. Although Mannatech believes that the expectations,
statements and assumptions reflected in these forward-looking
statements are reasonable, it cautions readers to always consider
all of the risk factors and any other cautionary statements
carefully in evaluating each forward-looking statement in this
release, as well as those set forth in its latest Annual Report on
Form 10-K and Quarterly Report on Form 10-Q, and other filings
filed with the United States Securities and Exchange Commission,
including its current reports on Form 8-K. All of the
forward-looking statements contained herein speak only as of the
date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005909/en/
Donna Giordano972-471-6512ir@mannatech.com
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