Mannatech Announces Results of Annual Shareholders’ Meeting
30 June 2020 - 7:30AM
Business Wire
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 23, 2020.
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 2019 and the first quarter of 2020.
There were 2,389,206 outstanding shares of Mannatech’s common
stock as of April 24, 2020 entitled to vote and 1,871,531 shares,
or approximately 78.3% 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 one
individual to the Board of Directors as a Class III Director to
hold office until 2023 as set forth below:
Name
Number of Shares For
Number of Shares Withheld
Broker Non-Votes
Robert A. Toth
910,988
212,643
747,900
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, 2020 as set forth below:
Number of Shares For
Number of Shares Against
Number of Shares Abstaining
Broker Non-Votes
1,749,124
117,112
5,295
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
1,015,761
104,061
3,809
747,900
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 25 years of experience and
operations in 25 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, the
outbreak of the novel coronavirus ("COVID-19") pandemic,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200629005838/en/
Donna Giordano 972-471-6512 ir@mannatech.com
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