STOCK TITAN

Mannatech replaces BDO with CBIZ as 2026 auditor

CBIZ’s engagement begins with a review of Mannatech’s financial statements for the quarter ended September 30, 2026.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

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.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

1 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Major point2025 audit report included a substantial-doubt paragraph about Mannatech’s ability to continue as a going concern.
Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Auditor dismissal effective October 15, 2026 BDO USA, P.C.
New auditor engagement Fiscal year ending December 31, 2026 CBIZ CPAs P.C. engagement
First review under new auditor Quarter ended September 30, 2026 CBIZ engagement begins with this review
Going-concern paragraph Fiscal year ended December 31, 2025 BDO report included an explanatory paragraph regarding substantial doubt
independent registered public accounting firm financial
"as the Company's independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
reportable events regulatory
"there were no "reportable events""
Reportable events are significant incidents or changes a company is legally required to disclose to regulators and the public, such as major safety problems, legal actions, financial irregularities, or management changes. They matter to investors because these events can alter a company’s risk profile or future performance, much like a dashboard warning light signals a problem that could affect a car’s safety or reliability. Timely disclosure helps investors make informed decisions and maintain market fairness.
substantial doubt about the Company's ability to continue as a going concern financial
"explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is MTEX's new independent auditor?

Mannatech engaged CBIZ CPAs P.C. as its independent registered public accounting firm for fiscal 2026, beginning with the review of its condensed consolidated financial statements for the quarter ended September 30, 2026.

What did BDO's 2025 audit report say about Mannatech's ability to continue as a going concern?

BDO’s report for the fiscal year ended December 31, 2025, included an explanatory paragraph regarding substantial doubt about Mannatech’s ability to continue as a going concern.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
false 0001056358 0001056358 2026-10-15 2026-10-15
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):October 15, 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)
(Zip Code)
 
 
Registrant's telephone number, including area code: (972) 471-7400
Not Applicable
(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:
 
☐
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 4.01 Changes in Registrant's Certifying Accountant.
 
(a) Dismissal of Independent Registered Public Accounting Firm
 
On October 15, 2026, the Audit Committee of the Board of Directors (the "Audit Committee") of Mannatech, Incorporated (the "Company") approved the dismissal of BDO USA, P.C. ("BDO") as the Company's independent registered public accounting firm, effective October 15, 2026. The Company notified BDO of the Audit Committee's decision on October 15, 2026.
 
BDO's reports on the Company's consolidated financial statements as of and for the fiscal years ended December 31, 2025 and 2024 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that BDO's report for the fiscal year ended December 31, 2025 contained an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
 
During the fiscal years ended December 31, 2025 and 2024 and the subsequent interim period through October 15, 2026, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to BDO's satisfaction, would have caused BDO to make reference to the subject matter thereof in connection with its reports.
 
During the same periods, there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K.
 
The Company provided BDO with a copy of the foregoing disclosures and requested that BDO furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements above. The Company will file BDO's letter by amendment to this Current Report on Form 8-K within the period required by Item 304(a)(3) of Regulation S-K.
 
(b) Engagement of New Independent Registered Public Accounting Firm
 
On October 15, 2026, the Audit Committee approved the engagement of CBIZ CPAs P.C. ("CBIZ") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026, beginning with the review of the Company's condensed consolidated financial statements for the quarter ended September 30, 2026.
 
During the fiscal years ended December 31, 2025 and 2024 and the subsequent interim period through October 15, 2026, neither the Company nor anyone on its behalf consulted CBIZ regarding (i) the application of accounting principles to a specified transaction, completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report or oral advice was provided that CBIZ concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was the subject of a disagreement or a reportable event, each as defined in Item 304 of Regulation S-K.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
Description
16.1
Letter of BDO USA, P.C. to the Securities and Exchange Commission (to be filed by amendment)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 

 
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.
 
Dated: October 20,, 2026
MANNATECH, INCORPORATED
 
 
 
By: /s/ Yasir Haider
 
Name: Yasir Haider
 
Title: Chief Financial Officer
 

Filing Exhibits & Attachments

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