STOCK TITAN

NAII (NASDAQ: NAII) shifts CEO pay mix, adds Swiss Managing Director role

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Natural Alternatives International, Inc. updated the employment terms of its Chief Executive Officer, Mark A. LeDoux. Effective May 1, 2026, his base salary under the U.S. agreement decreases from $475,000 per year to $255,000, along with certain reductions in benefits paid to officers.

At the same time, LeDoux entered into a new employment agreement to serve as Managing Director of the company’s wholly owned Swiss subsidiary, with a base salary of 170,000 CHF per year. The company intends his combined compensation from both roles to be approximately the same, subject to currency fluctuations.

LeDoux will continue as CEO of the U.S. entity and Chairperson of the Boards, while committing to spend at least half his time in Switzerland to help expand worldwide revenue and broaden customer opportunities through the Swiss operations.

Positive

  • None.

Negative

  • None.
false 0000787253 0000787253 2026-03-18 2026-03-18
 
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 18, 2026
 
NATURAL ALTERNATIVES INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-15701
 
Delaware
84-1007839
(State or other jurisdiction of
(IRS Employer
incorporation)
Identification No.)
 
 
1535 Faraday Avenue, Carlsbad, CA 92008
(Address of principal executive offices, including zip code)
 
760-736-7700
(Registrants telephone number, including area code)
 
(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 Exchange Act:
 
Title of
each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common
NAII
NASDAQ
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
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
 
The Amended and Restated Employment Agreement dated October 1, 2015, by and between Natural Alternatives International, Inc. and Mark A. LeDoux, the Company’s Chief Executive Officer, as most recently amended by the Second Amendment dated July 1, 2021, was amended effective May 1, 2026, (the "NAI Amendment"). The NAI Amendment reflects a decrease in base salary from $475,000 per year to $255,000 per year, and certain other reductions of Company benefits otherwise paid to all Officers. The NAI Amendment was made in connection with the CEO entering into an Employment Agreement to concurrently serve as the Managing Director of the registrant's wholly owned subsidiary Natural Alternatives International, Inc. Europe, a Swiss corporation, (the "NAIE Employment Agreement"). The NAIE Employment Agreement is also effective May 1, 2026, with a base salary of 170,000 CFH per year. The NAI Amendment was entered into with the intention the base salary and total compensation of the CEO pursuant to the NAI Amendment plus the base salary and total compensation of Mr. LeDoux pursuant to the NAIE Employment Agreement would be approximately the same subject only to variations in currency values between U.S. Dollars and Swiss Francs.
 
Mr. LeDoux, while continuing current duties as CEO of NAI, has agreed to serve as the Managing Director of the Swiss subsidiary in an effort to expand the combined companies worldwide revenue and provide the Company's customers with more opportunities to expand their offerings inside and outside of the U.S by increasing the capability of the registrant's Swiss operations. In connection with the NAIE Employment Agreement the CEO has committed to spend at least half his time in Switzerland. Mr. LeDoux will continue to serve as the Chairperson of the Board of Directors of both corporations.
 
 
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
 
(d) Exhibits.
 
 
10.69
Third Amendment to Employment Agreement by and between NAI and Mark A. LeDoux effective May 1, 2026.
 
 
10.70
Employment Agreement by and between Natural Alternatives International Europe and Mark A. LeDoux effective May 1, 2026.
 
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
- 2 -
 
 
SIGNATURES
 
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.
 
 
Natural Alternatives International, Inc.
a Delaware corporation
By:
/s/  Kenneth E. Wolf, President
Dated: March 20, 2026  
Kenneth E. Wolf, President
 
 
                                          
- 3 -

FAQ

What executive change did Natural Alternatives International (NAII) disclose in this 8-K?

NAII disclosed amendments to CEO Mark A. LeDoux’s employment terms. His U.S. base salary drops to $255,000, and he simultaneously assumes the Managing Director role of the Swiss subsidiary with a 170,000 CHF salary, keeping overall compensation roughly equivalent.

How is NAII changing CEO Mark LeDoux’s compensation structure?

The CEO’s base salary under the U.S. agreement decreases from $475,000 to $255,000 annually. Concurrently, he will receive a 170,000 CHF annual salary from the Swiss subsidiary, targeting roughly the same total compensation, adjusted only by U.S. dollar–Swiss franc exchange rates.

What new responsibilities will the NAII CEO take on in Switzerland?

Mark LeDoux will serve as Managing Director of Natural Alternatives International, Inc. Europe, the Swiss subsidiary. He has committed to spend at least half his time in Switzerland to help expand worldwide revenue and create more opportunities for customers inside and outside the United States.

Will NAII’s CEO continue in his existing leadership roles after these changes?

Yes. Mark LeDoux will continue his current duties as CEO of Natural Alternatives International, Inc. and remain Chairperson of the Board of Directors for both the U.S. parent and the Swiss subsidiary, while adding the Managing Director role in Europe.

Why did NAII align the CEO’s total compensation between the U.S. and Swiss roles?

The company states the amendments were entered into with the intention that LeDoux’s combined base salary and total compensation from both agreements remain approximately the same, with differences driven only by currency value variations between U.S. dollars and Swiss francs.

How does NAII expect the CEO’s Swiss role to support business growth?

NAII notes that LeDoux’s Managing Director role in Switzerland aims to expand worldwide revenue and give customers more chances to grow their offerings by increasing the capabilities of the company’s Swiss operations serving markets inside and outside the United States.

Filing Exhibits & Attachments

6 documents
Naturl Alt Intl

NASDAQ:NAII

View NAII Stock Overview

NAII Rankings

NAII Latest News

NAII Latest SEC Filings

NAII Stock Data

16.18M
4.87M
Packaged Foods
Medicinal Chemicals & Botanical Products
Link
United States
CARLSBAD