MANNATECH (MTEX) SEC Filings

MANNATECH, INCORPORATED dismissed BDO USA, P.C. as its independent registered public accounting firm effective October 15, 2026, and engaged CBIZ CPAs P.C. for fiscal 2026. CBIZ’s work begins with its review of Mannatech’s condensed consolidated financial statements for the quarter ended September 30, 2026.

BDO’s reports for fiscal 2024 and 2025 contained no adverse or disclaimer opinions; the 2025 report included an explanatory paragraph about substantial doubt regarding Mannatech’s ability to continue as a going concern. Mannatech reported no disagreements or reportable events with BDO during the stated periods. It said it will file BDO’s response letter by amendment.

Mannatech, Incorporated (MTEX) entered into a share purchase agreement to acquire 100% direct ownership of Mannatech Swiss Holdings GmbH, previously held indirectly through Mannatech (Gibraltar) Holdings Limited. Based on a ruling from the Swiss Federal Tax Administration, the transaction and resulting direct ownership qualify distributions from Swiss Holdings for a 5% withholding tax rate under the income tax treaty between the United States and Switzerland, replacing higher rates previously applicable to certain unremitted foreign earnings.

Nasdaq notified Mannatech on April 20, 2026, that it did not meet the $2.5 million minimum stockholders’ equity requirement for continued listing. Stockholders’ equity, as reported for June 30, 2026, was negative $4.970 million. Management believes it has regained compliance based on the transaction and a pro forma, jurisdiction-by-jurisdiction reassessment of the deferred tax liability related to unremitted foreign earnings. The independent registered public accounting firm will review the adjustment in connection with the third-quarter report, expected on or before November 16, 2026. Nasdaq will continue monitoring compliance; the company may face delisting if its 2026 annual report does not evidence compliance, and management says Nasdaq may not agree with its assessment.

Mannatech, Inc. (MTEX) announced a planned board leadership transition. J. Stanley Fredrick notified the Board of his intent to retire as director and Chairman of the Board for personal reasons, effective September 1, 2026, with no disagreement reported with the company.

The Board appointed Robert Toth, currently Vice Chairman and a Class III director, to become Chairman effective the same date. As a non‑employee director, he will receive standard director compensation plus, in his first year as chairman, an additional $50,000 and an equity component valued at $50,000, with the equity grant deferred until additional shares are approved under an incentive plan. In his second and third years as chairman, he will receive standard director compensation plus an additional $100,000 fee each year. As part of the transition, the Board agreed to continue Mr. Fredrick’s director retainer through December 31, 2026.

MANNATECH INC (MTEX) received an amended Schedule 13G/A (Amendment No. 2) reporting the equity holdings of Terry LaCore. LaCore reports beneficial ownership of 159,585 shares of Mannatech common stock, representing 8.27% of the class, with sole voting and dispositive power over all of these shares and no shared power.

The reported ownership percentage is calculated using 1,929,670 shares outstanding as of August 5, 2026, as disclosed by Mannatech in its Form 10-Q filed August 12, 2026. This amendment is described as correcting prior cover-page omissions in Amendment No. 1 rather than changing the underlying ownership position.

MANNATECH INC (MTEX) reports that investor Terry LaCore has filed Amendment No. 1 to a Schedule 13G regarding ownership of its common stock. LaCore reports beneficial ownership of 159,585 shares of Mannatech common stock, representing 8.27% of the class as of June 30, 2026.

LaCore reports sole power to votesole power to dispose of

Mannatech, Incorporated reported improved results for the quarter and six months ended June 30, 2026. Second-quarter 2026 net sales were $26.7 million, up from $25.7 million a year earlier, with constant-currency net sales rising 5.1%. Gross profit increased to $20.5 million, and constant-currency gross profit grew 10.1%.

The company generated income from operations of $1.0 million in the quarter, compared with a loss from operations of $1.4 million in 2025. Net income was $1.0 million, versus a net loss of $4.3 million a year earlier. For the first six months of 2026, net income was $2.0 million, compared with a net loss of $5.8 million in the prior-year period, while net sales were $51.6 million versus $52.2 million.

As of June 30, 2026, total assets were $27.5 million and total liabilities were $32.4 million, resulting in a shareholders’ deficit of $5.0 million. The company also presented non-GAAP constant dollar measures to highlight the impact of foreign currency on net sales, gross profit, and income from operations.

Mannatech, Incorporated reported improved results for the three and six months ended June 30, 2026 but continues to face liquidity pressure and a shareholders’ deficit. Net sales were $26.7 million for the quarter (up 3.8%) and $51.6 million for the first half (down 1.3%), with Asia/Pacific contributing about 60% of sales. Gross margin expanded to 76.9% in the quarter as cost of sales declined.

The company generated net income of $1.0 million in Q2 and $2.0 million year-to-date, compared with losses in 2025, aided by $1.7 million in net foreign currency gains over six months. Cash and cash equivalents were $6.0 million and working capital was $2.5 million, while total liabilities of $32.4 million exceeded total assets of $27.5 million, leaving a shareholders’ deficit of $5.0 million. Management disclosed that prior sales declines, operating losses and cost structure misalignment raise substantial doubt about the ability to continue as a going concern and outlined cost cuts, capital discipline, pricing and margin initiatives, and revenue stabilization efforts.

MANNATECH INC Chief Financial Officer Yasir Haider received a grant of 4,000 stock options on June 3, 2026. These options give him the right to purchase 4,000 shares of common stock at an exercise price of $5.77 per share until June 3, 2036.

According to the vesting terms, one-third of the options vest on the grant date, another one-third vests on the first anniversary, and the final one-third vests on the second anniversary of the grant. After this award, he holds 4,000 derivative securities directly.

Mannatech Inc filed an initial ownership report on Form 3 for Haider Yasir, who serves as Chief Financial Officer. The filing does not show any reportable holdings or transactions yet; it simply establishes his status as an officer subject to insider reporting rules going forward.