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Usana Health Sciences Inc Usana Health Sciences Inc. Watchdog Report ™ USNA (NYSE) | CIK:896264 | United States | SEC llings The new model for duciary analysis Sep 17, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 11, 2021 for period ending Jul 2021 Business address: Salt Lake City, Utah, United States Reporting Irregularities RECENT HISTORICAL Industry: Medicinal and Botanical Manufacturing (NAICS 325411) Financial Restatements SEC ler status: Large Accelerated Filer as of Jul 2021 Index member: S&P 600, Russell 2000 Revisions Market Cap: $1.75b as of Sep 16, 2021 Out of Period Adjustments Annual revenue: $1.13b as of Jan 2, 2021 Late Filings Corporate Governance Impairments CEO: Kevin G. Guest since 2016 Changes in Accounting Estimates CFO: G Douglas Hekking since 2017 Disclosure Controls 1st level Internal Controls Board Chairman: Kevin G. Guest since 2020 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: KPMG LLP since 2013 Benford's Law Outside Counsel (most recent): Wilson Sonsini Goodrich & Rosati Parsons Behle & Latimer Beneish M-Score 3rd level Accounting Disclosure Complexity SEC Reviewer: (unknown) Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight SEC Letters to Management Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities Information in this report is effective Sep 17, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 08/11/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group Overview Price and Volume History This graph shows the price and trading history for Usana Health. Warning signs and red ags are marked on the graph according to their disclosure dates. 1 Mar 2, 2021 - Critical / Key Audit Matters 16 Feb 28, 2018 - Disclosure Controls 2 Feb 25, 2021 - Insider Sale 17 Nov 8, 2017 - Disclosure Controls 3 Feb 16, 2021 - Insider Sale 18 Aug 23, 2017 - Insider Sale 4 Jun 1, 2020 - Insider Sale 19 Aug 23, 2017 - Insider Sale 5 Apr 27, 2020 - Insider Sale 20 Aug 9, 2017 - Disclosure Controls 6 Feb 25, 2020 - Critical / Key Audit Matters 21 May 10, 2017 - Disclosure Controls 7 Feb 10, 2020 - Insider Sale 22 Mar 1, 2017 - Disclosure Controls 8 May 7, 2019 - Disclosure Controls 23 Mar 1, 2017 - Internal Controls 9 Jan 29, 2019 - SEC letters to management 24 Feb 13, 2017 - Lawsuit: Rumbaugh v. USANA Health Sciences Inc et al 10 Jan 29, 2019 - Revenue Recognition 25 Feb 13, 2017 - Securities Class Actions Lawsuit: Rumbaugh v. USANA Health Sciences … 11 Dec 3, 2018 - Insider Sale 26 Aug 31, 2016 - Insider Sale 12 Sep 14, 2018 - Insider Sale 27 Aug 16, 2016 - Insider Sale 13 Sep 10, 2018 - Insider Sale 28 Feb 22, 2016 - SEC letters to management 14 Sep 6, 2018 - Insider Sale 29 Feb 22, 2016 - Revenue Recognition 15 May 9, 2018 - Disclosure Controls Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Notications Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules. There are no notications for Usana Health at least since 2016. Peer Group Peer groups are used by companies to benchmark executive compensation and performance. Each company identies its own peer group. Peer groups vary from company to company. Peer Group Companies Who Named Usana Health as a Peer Company Ticker Market Cap Company Ticker Market Cap Primerica, Inc. PRI $5.86b Amyris, Inc. AMRS $4.05b Herbalife Ltd. HLF $4.95b Sensient Technologies Corp. SXT $3.91b Hain Celestial Group Inc. HAIN $3.8b Simply Good Foods Co SMPL $3.35b Medifast Inc. MED $2.53b WD 40 Co. WDFC $3.13b Prestige Brands Holdings, Inc. PBH $2.51b Overstock.Com, Inc. OSTK $2.9b Inter Parfums Inc. IPAR $2.19b Medifast Inc. MED $2.53b Nu Skin Enterprises Inc. NUS $2b Cronos Group Inc. CRON $2.2b Usana Health Sciences Inc. USNA $1.75b Nu Skin Enterprises Inc. NUS $2b Weight Watchers International, Inc. WW $1.47b Usana Health Sciences Inc. USNA $1.75b Tupperware Brands Corp. TUP $1.06b Nature's Sunshine Products Inc. NATR $287m Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Usana Health's accounting quality compare to its peer group? USNA PEER GROUPFLAGS USNA PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures Financial Restatements 9 Signicant Litigation 3 1 5 Revisions 5 4 Securities Class Actions 5 4 Out of Period Adjustments 6 2 1 Shareholder Activism 6 3 Impairments 9 Cybersecurity 6 3 Changes in Accounting Estimates 8 1 Management Review Disclosure Controls 4 3 2 CEO Changes 3 2 4 Internal Controls 7 2 CFO Changes 2 4 3 Critical / Key Audit Matters 8 1 Insider Sales 5 4 Pledged Securities 9 Anomalies in the Numbers Benford's Law 7 2 Mergers & Acquisitions 7 1 1 Beneish M-Score 7 Sales of Assets 9 Accounting Disclosure Complexity 6 2 1 Auditor Assessment Auditor Changes 9 Securities & Exchange Commission Concerns SEC Oversight 8 1 Auditor Experience 9 SEC Letters to Management 3 6 Auditor Tenure 4 5 Revenue Recognition 6 3 Audit Fees 3 6 Non-GAAP Measures 9 Non-Audit Fees 2 7 Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 About Watchdog Research, Inc. Watchdog Research, Inc. is an independent research provider and publisher of Watchdog Reports. Watchdog Reports identify red ags, issues, and other anomalies in nancial reporting. Our reports contain warning signs, red ags, material disclosures, and peer analysis for use in valuation, risk analysis, due diligence research, and idea generation. Watchdog Reports are designed to assist investment professionals fulll their duciary or suitability obligations and to help investors, executives, board members, regulators and educators learn what they need to know about publicly traded companies. The company is headquartered in Ave Maria, FL. Watchdog Research, Inc. utilizes over 75 specialists and analysts to provide accurate and timely Watchdog Research, Inc. information to our readers. 5072 Annunciation Cir. Suite 202 Ave Maria, FL 34142 Our management team is: [email protected] (855) 820-6272 CEO: Brian Lawe. Brian has been part of the corporate staff at The New York www.watchdogresearch.com Times Company and IBM. He has created and operated several technology companies including MyStoreCredit, OnPage Ideas and HelloCampus. He holds an MBA from Harvard Business School and a BBA from Texas Christian University. He and his wife have four children and live in the Naples, FL area. CTO: Radu Cugut. Radu has led the award-winning technology team that developed the Watchdog Report and services. He, his wife and son split their time between his home in Ave Maria, FL and his home in Timisoara, Romania where he oversees ve talented development professionals. Radu has a bachelors in Computer Science and a masters in Banking and Financial Information Systems, both from the West University of Timisoara. Chief Content Ocer: Joseph Burke, Ph.D. is responsible for the content development, analysis, and quality control for the Watchdog Report. Joseph worked previously as a professor of economics at Ave Maria University. He received his Ph.D. from the University of Wisconsin-Madison and resides with his family in the Naples area. Director of Research: John Cheffers. John is responsible for writing our blogs and for our press relationships. He received his bachelors from Washington University in St. Louis, and has worked for Audit Analytics and Ave Maria University. He graduated Ave Maria University School of Law where his research was selected for publication in the Law Review. He currently lives in Pennsylvania with his wife and two children. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272.
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