Mannatech (NASDAQ: MTEX) to end CFO Clavijo contract, names controller as interim

Rhea-AI Filing Summary

Mannatech, Incorporated reported a planned leadership change in its finance organization. After a mutual discussion, the company notified Chief Financial Officer James Clavijo on March 19, 2026 that his employment agreement will not be renewed when it expires on June 30, 2026. Under his agreement, he will continue to receive base salary for three months after the term ends, providing a short transition period.

To maintain continuity in financial oversight, the Board appointed Yasir Haider, the company’s Controller, as Interim CFO effective March 20, 2026. Haider joined Mannatech on January 6, 2025 and brings prior experience as a Chief Financial Officer and Financial Controller, with responsibilities over global financial operations, multi-entity consolidations, SEC reporting, mergers and acquisitions, and capital planning. He also holds an MBA from West Texas A&M University.

Positive

• None.

Negative

• Chief Financial Officer transition introduces leadership uncertainty as Mannatech will not renew CFO James Clavijo’s employment agreement beyond June 30, 2026, with an interim CFO stepping in while the longer-term finance leadership structure is still being finalized.

Insights

Corporate governance analyst

Planned CFO exit with internal interim successor suggests orderly transition but adds near‑term leadership risk.

The company has chosen not to renew CFO James Clavijo’s contract beyond June 30, 2026, while providing three months of post-term salary. This points to a structured, rather than abrupt, separation and gives a defined window for transition.

Appointing existing Controller Yasir Haider as Interim CFO from March 20, 2026 keeps financial leadership in-house. His background in global finance, SEC reporting, M&A, and scalable infrastructure is relevant to a public company’s needs, though the interim title indicates the long-term CFO structure is still being determined.

For investors, this represents a notable management change in a key role. The impact will depend on how quickly the organization confirms a permanent CFO and how effectively Haider manages financial reporting and strategic finance responsibilities during and after the handover period.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 19, 2026

MANNATECH, INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

Texas	000-24657	75-2508900
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1410 Lakeside Parkway, Suite 200

Flower Mound, Texas 75028

(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code: (972) 471-7400

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)	Name of each exchange on which registered
Common Stock,	par value $0.0001 per share	MTEX	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

☐ Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Following a discussion and mutual agreement between Mannatech, Incorporated (the "Company") and James Clavijo, the Company's Chief Financial Officer ("CFO"), on March 19, 2026, the "Company formally notified James Clavijo that it would not be renewing his employment agreement, which will expire on June 30, 2026. Under the terms of the agreement, Mr. Clavijo is entitled to receive his base salary for a period of three months following the expiration of the current term.

To facilitate the transition of Mr. Clavijo’s duties, on March 20, 2026, the Board appointed Yasir Haider, the Company’s Controller, to serve as the Company’s Interim CFO. Mr. Haider joined the Company on January 6, 2025. Prior to joining the Company, Mr. Haider held senior finance leadership roles, including Chief Financial Officer and Financial Controller, where he was responsible for global financial operations, multi-entity consolidations, financial reporting, and capital planning across complex organizations. His experience includes SEC reporting, mergers and acquisitions, and the development of scalable financial infrastructure to support operational growth. Mr. Haider began his career in public accounting and holds an MBA from West Texas A&M University.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 24, 2026

MANNATECH, INCORPORATED
By:	/s/ Landen Fredrick
	Landen Fredrick
	Chief Executive Officer

FAQ

What leadership change did Mannatech (MTEX) disclose in this 8-K filing?

Mannatech disclosed that Chief Financial Officer James Clavijo will leave when his employment agreement expires on June 30, 2026. Following mutual discussions, the company decided not to renew his contract and outlined a short transition period with continued base salary.

When will Mannatech CFO James Clavijo’s employment agreement end?

CFO James Clavijo has an employment agreement set to expire on June 30, 2026. Mannatech has notified him it will not renew the agreement, and under its terms he will receive base salary for three months after the current term ends.

Who did Mannatech appoint as Interim CFO and when is it effective?

Mannatech appointed Yasir Haider, previously the company’s Controller, as Interim CFO effective March 20, 2026. This internal appointment is intended to facilitate a smooth transition of CFO responsibilities following the planned departure of James Clavijo.

What is the background of Mannatech’s Interim CFO, Yasir Haider?

Yasir Haider joined Mannatech on January 6, 2025 and has held senior finance roles including Chief Financial Officer and Financial Controller. His experience covers global financial operations, multi-entity consolidations, SEC reporting, M&A, capital planning, and he holds an MBA from West Texas A&M University.

How is Mannatech handling the transition after CFO James Clavijo’s departure?

Mannatech is providing CFO James Clavijo with three months of base salary after his agreement ends on June 30, 2026 and has already appointed Controller Yasir Haider as Interim CFO effective March 20, 2026 to maintain continuity in financial leadership.

Filing Exhibits & Attachments

4 documents

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
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