United States Securities and Exchange Commission Form

Total Page:16

File Type:pdf, Size:1020Kb

United States Securities and Exchange Commission Form UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-K Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2020 OR Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission file number 001-34483 NATURE’S SUNSHINE PRODUCTS, INC. (Exact name of Registrant as specified in its charter) Utah 87-0327982 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 2901 West Bluegrass Blvd., Suite 100 Lehi, Utah 84043 (Address of principal executive offices and zip code) (801) 341-7900 (Registrant’s telephone number, including area code) 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, no par value NATR Nasdaq Capital Market Securities registered pursuant to Section 12(g) of the Act: None _________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x. Indicate by check mark whether the registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Large accelerated filer o Accelerated filer x Non-accelerated filer o Smaller reporting company ☒ 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. ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No x. The aggregate market value of the voting stock held by non-affiliates of the registrant on June 30, 2020 was approximately $89,354,621 based on the closing price of $9.01 as quoted by Nasdaq Capital Market on June 28, 2019. For the purposes of this disclosure only, the registrant has assumed that its directors, executive officers, and the beneficial owners of 10% or more of the registrant's outstanding common stock are the affiliates of the registrant. The number of shares of Common Stock, no par value, outstanding on February 26, 2021 is1 9,795,732 shares. EXPLANATORY NOTES Portions of the registrant’s Definitive Proxy Statement to be filed with the Securities and Exchange Commission no later than 120 days after the end of the Registrant’s year ended December 31, 2020, are incorporated by reference in Part III of this Annual Report on Form 10-K. Table of Contents NATURE’S SUNSHINE PRODUCTS, INC. FORM 10-K For the Year Ended December 31, 2020 Table of Contents Part I. Item 1. Business 4 Item 1A. Risk Factors 9 Item 1B. Unresolved Staff Comments 18 Item 2. Properties 18 Item 3. Legal Proceedings 18 Item 4. Mine Safety Disclosures 18 Part II. Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 19 Item 6. Selected Financial Data 21 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 33 Item 8. Financial Statements and Supplementary Data 36 Item 9. Change in and Disagreements with Accountants on Accounting and Financial Disclosure 68 Item 9A. Controls and Procedures 68 Item 9B. Other Information 70 Part III. Item 10. Directors, Executive Officers and Corporate Governance 70 Item 11. Executive Compensation 70 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 70 Item 13. Certain Relationships and Related Transactions and Director Independence 70 Item 14. Principal Accounting Fees and Services 70 Part IV. Item 15. Exhibits and Financial Statement Schedules 71 Signatures 74 2 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain information included or incorporated herein by reference in this report may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies. All statements (other than statements of historical fact) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made in light of our experience and perception of historical trends, current conditions, expected future developments and other factors we believe to be appropriate. For example, information appearing under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” includes forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are more fully described in this report, including the risks set forth under “Risk Factors” in Item 1A, but include the following: • laws and regulations regarding direct selling may prohibit or restrict our ability to sell our products in some markets or require us to make changes to our business model in some markets; • extensive government regulations to which the Company's products, business practices and manufacturing activities are subject; • registration of products for sale in foreign markets, or difficulty or increased cost of importing products into foreign markets; • legal challenges to the Company's direct selling program or to the classification of its independent consultants; • liabilities and obligations arising from improper activity by the Company’s independent consultants; • product liability claims; • our cannabidiol (CBD) product line is subject to varying, rapidly changing laws, regulations, and rules; • actions on trade relations by the U.S. and foreign governments; • impact of anti-bribery laws, including the U.S. Foreign Corrupt Practices Act; • the Company’s ability to attract and retain independent consultants; • the loss of one or more key independent consultants who have a significant sales network; • the Company’s joint venture for operations in China with Fosun Industrial Co., Ltd.; • the effect of fluctuating foreign exchange rates; • failure of the Company’s independent consultants to comply with advertising laws; • changes to the Company’s independent consultants compensation plans; • geopolitical issues and conflicts; • we may be adversely affected by the ongoing coronavirus pandemic; • negative consequences resulting from difficult economic conditions, including the availability of liquidity or the willingness of the Company’s customers to purchase products; • risks associated with the manufacturing of the Company's products; • uncertainties relating to the application of transfer pricing, duties, value-added taxes, and other tax regulations, and changes thereto; • changes in tax laws, treaties or regulations, or their interpretation; • cybersecurity threats and exposure to data loss; • the storage, processing, and use of data, some of which contain personal information, are subject to complex and evolving privacy and data protection laws and regulations; • reliance on information technology infrastructure; and • the sufficiency of trademarks and other intellectual property rights. All forward-looking statements speak only as of the date of this report and are expressly qualified in their entirety by the cautionary statements included in or incorporated by reference into this report. Except as is required by law, we expressly disclaims any obligation to publicly release any revisions to forward-looking statements to reflect events after
Recommended publications
  • 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.
    [Show full text]
  • Chapter 7: MLM's Abysmal Numbers
    7-1 The Case (for and) against Multi-level Marketing By Jon M. Taylor, MBA, Ph.D., Consumer Awareness Institute Chapter 7: MLM’s ABYSMAL NUMBERS Chapter summary a large enough downline to meet expenses, and therefore do not profit. Is MLM a profitable business These conclusions were confirmed in the opportunity? And if so, for whom? Just do the average earnings reports of all 30 MLMs for math – the numbers don't lie. In this and which we were able to obtain data published preceding chapters, you will find the most by the companies themselves. Such statistics rigorous and thorough analysis of MLM are invaluable for analysts to debunk the profitability ever done by an independent many misrepresentations that are told to research firm. Questions about the viability thousands of prospects every day. and profitability of MLM as a business model Failure and loss rates for MLMs are not and its many company manifestations are comparable with legitimate small answered in this and prior chapters – based businesses, which have been found to be on 15 years’ research, worldwide feedback, profitable for 39% over the lifetime of the and analysis of the compensation plans of business; whereas less than 1% of MLM over 350 of the leading MLMs, as well as participants profit. MLM makes even average earnings data, where available. The gambling look like a safe bet in comparison. answers are not pretty. MLM stocks are questionable Our studies, along with those done by investments at best. And like gambling, other independent analysts (not connected to losses from MLM participation should not be the MLM industry), clearly prove that MLM as a allowed as a tax deduction – beyond the business model – with its endless chain of amount of actual income.
    [Show full text]
  • Companies-Titles of Registrants
    Direct Selling Companies Registered for the 2009 Communications & Internet Marketing Seminar As of 10/19/2009 4Life Research, LC LifeWave, LLC 5LINX Enterprises, Inc. Livinity, Inc. ACN, Inc. Mannatech, Inc. Aerus LLC (formerly Electrolux LLC) Nature's Sunshine Products, Inc. Aloette Cosmetics Nu Skin Enterprises Amazon Herb Company Oxyfresh.com Amway The Pampered Chef Arbonne International PartyLite Gifts, Inc. Avon Products, Inc. Premier Designs, Inc. Celebrating Home Princess House, Inc. Conklin Company, Inc. Regal Ware, Inc. Cookie Lee, Inc. Reliv International, Inc. Creative Memories Rena Ware International, Inc. CUTCO/Vector Marketing Corporation Saladmaster, Inc. (Regal Ware, Inc.) Demarle At Home, Inc. Scentsy, Inc. Discovery Toys, Inc. Sensaria Natural Bodycare, Inc. Dove Chocolate Discoveries Shaklee Corporation Earth's Elements Signature HomeStyles Entertaining at Home Silpada Designs Essential Bodywear Simplexity Health For Every Home The Southwestern Company Fortune Hi Tech Marketing Sozo Global, LLC FreeLife International Stampin' Up! FreedomRocks Sunrider International Gold Canyon SwissJust Herbalife International of America, Inc. Symmetry Corporation HomeTec Syntec, Inc. Isagenix International Take Shape for Life, Inc.-Medifast Jafra Cosmetics International, Inc. Team National Kangevity Global Thrivent Financial at Home The Kirby Company Touchstone Crystal, Inc. L'Bel Paris USANA Health Sciences, Inc. L'Bri Pure N' Natural Vantel Pearls in the Oyster Lia Sophia XanGo LLC Who’s Attending? Following is a sampling of the titles of direct selling executives registered for the meeting. Brand Manager Policy Compliance Supervisor CEO PR Strategist Chief Marketing Officer President Communications Coordinator Representative Services Communications Spanish Specialist Sales Support Specialist Copywriter Senior Corporate Communications Manager Creative Director Senior Manager of Design Direction Director of Public Relations/Social Media Senior Sales Support Specialist Director of Sales & Marketing Senior Writer Director, Information Systems Sr.
    [Show full text]
  • Nature's Sunshine Products Inc
    Nature's Sunshine Products Inc. Watchdog Report ™ NATR (NASDAQ Capital) | CIK:275053 | United States | SEC llings The new model for duciary analysis Oct 1, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Aug 5, 2021 for period ending Jun 2021 Business address: Lehi, Utah, United States Reporting Irregularities RECENT HISTORICAL Industry: Pharmaceutical Preparation Manufacturing (NAICS 325412) Financial Restatements SEC ler status: Accelerated Filer as of Jun 2021 Index member: Russell 2000 Revisions Market Cap: $292m as of Sep 30, 2021 Out of Period Adjustments Annual revenue: $385m as of Dec 31, 2020 Late Filings Corporate Governance Impairments CEO: Terrence Moorehead since 2018 Changes in Accounting Estimates CFO: Joseph W. Baty since 2016 Disclosure Controls 1st level Internal Controls Board Chairman: J. C. Teets since 2019 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE 2nd level Anomalies in the Numbers RECENT HISTORICAL Auditor: Deloitte & Touche LLP since 2007 Benford's Law Outside Counsel (most recent): Dorsey & Whitney LLP 3rd level Beneish M-Score Accounting Disclosure Complexity SEC Reviewer: Suzanne Hayes 4th level Securities & Exchange Commission Concerns 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.
    [Show full text]
  • Program of Events
    D IRECT S ELLING A SSOCIATION Program of Events June 9-11, 2013 | Phoenix | http://annualmeeting.dsa.org Saturday, June 8 9:00 a.m. – 10:30 a.m. DSEF Executive Committee Meeting Desert Suite II 10:30 a.m. – Noon DSEF Joint Communications & Development Desert Suite I LANCE Committee Meeting 11:00 a.m. – 1:00 p.m. DSA Executive Committee Meeting Desert Suite VII G Noon – 7:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer A 1:00 p.m. – 3:00 p.m. DSA Board of Directors Meeting Grand Sonoran Ballroom F 1:00 p.m. – 6:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom 3:30 p.m. – 5:30 p.m. DSEF Board of Directors Meeting Grand Sonoran Ballroom F AT 6:00 p.m. – 7:00 p.m. DSA Supplier Reception Grand Sonoran Ballroom A-B 7:00 p.m. – 8:00 p.m. DSA/DSEF Board of Directors Reception Wildflower Salon A 8:00 p.m. – 10:00 p.m. DSA/DSEF Board of Directors Dinner Wildflower Salon B&C Sunday, June 9 7:00 a.m. – Noon DSEF Golf Tournament Wildfire Golf Club 8:00 a.m. – 1:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom CHEDULE 8:00 a.m. – 9:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer S Noon – 9:00 p.m. Cyber Café Open Grand Canyon Ballroom Foyer 12:30 p.m. – 3:00 p.m. WFDSA Board of Directors Meeting Desert Suite IV 1:00 p.m. – 3:00 p.m.
    [Show full text]
  • 2018 ANNUAL REPORT About Us Giving Back How We Do It
    2018 ANNUAL REPORT About Us Giving Back How We Do It The USANA True Health We take USANA’s vision of USANA manufactures world- Foundation was created by creating the healthiest family on class nutritional products, and USANA Health Sciences, Inc.—a earth to heart. Proper food and Associates sell USANA’s products global nutrition company based good nutrition are the building through a process called direct in Salt Lake City, Utah. As the blocks for a healthy life. That is selling. This unique business corporate charitable foundation our mission—to provide food and opportunity gives our Associates of USANA, we are dedicated nutrition to impoverished children the freedom to grow their own to building a community of and families, ensuring they can business, their way. And because employees, Associates, and reach their fullest potential. our family of Associates truly customers who can make a lasting cares about living a healthy difference in the lives of children lifestyle, they seek to share that and families worldwide. health with others by donating to our Foundation and by giving back in their own communities. Thanks to our generous Associates and USANA employees, we are able to feed so many families. Our mission—to provide food and nutrition to impoverished children and families, ensuring they can reach their fullest potential. USANAFoundation.org | 3 Over 300,000 $1 Donated = Meals Assembled at 100 Percent 4 Nutritious Meals International Convention All administrative and fundraising costs are covered In 2018, the USANA True Health Foundation raised Once again, the USANA True Health Foundation by USANA. Every dollar the USANA True Health US $2,330,588 to assist hundreds of thousands hosted a successful FoodPak drive at International Foundation receives goes to charitable purposes.
    [Show full text]
  • Nu Skin Faces Pyramid-Scheme Allegations in China
    Center for Ethical Organizational Cultures Auburn University http://harbert.auburn.edu Nu Skin Faces Pyramid-Scheme Allegations in China INTRODUCTION Nu Skin Enterprises, Inc. has come far in its nearly 30-year history. Founded in Provo, Utah, in the United States, the company is based upon a multilevel marketing direct-selling model that employs independent contractors to sell personal care products and dietary supplements. The firm has gone on to become the seventh largest direct seller in the world, with 2013 revenue of over $4 billion. It has paid out more than $10 billion in commissions and sales incentives. Nu Skin has been recognized throughout the years for its innovative products and social responsibility initiatives, but it h as also faced some ethical and legal challenges. Today Nu Skin has a widespread global reach, operating in 53 international markets on five continents. In particular, China has become a lucrative market for Nu Skin’s direct-selling operations. Nu Skin’s Chinese sales force consists of more than 400,000 sales representatives and sales in China account for approximately 30 percent of Nu Skin’s revenue. Nu Skin has performed so well in China and other countries that CEO M. Truman Hunt has announced the company’s intention to increase its revenues to $10 billion by 2020. China is a critical market for reaching this goal. Despite Nu Skin’s rapid growth and success, allegations arose in China that could prove challenging to the company’s sales objectives in that country. Chinese newspapers accused Nu Skin sales representatives of operating an illegal pyramid scheme in China, an accusation that Nu Skin vehemently denied.
    [Show full text]
  • Usana Newspaper Talking Points
    USANA NEWSPAPER TALKING POINTS PANTONE 287 C C M Y K 100 72 2 12 Shell PANTONE 7543 C C M Y K FOR HEALTH.23 11 8 21 FOR LIFE. FOR ALL. USANA HEALTH SCIENCES WAS FOUNDED IN 1992, Easy. We were founded by an actual scientist—not a But success was never Dr. Wentz’ only aim. Instead, he INTRODUCE YOUR PROSPECT TO USANA. SO YOU COULD SAY WE’VE BEEN AROUND THE corporate suit. centered his life around a dream—a dream dating back all the way to his teenage years, when his father died BLOCK. THAT’S A GOOD THING. OUR LONGEVITY IN USANA’s founder, Dr. Myron Wentz, is an internationally at the age of 57 from heart disease. From that defining recognized microbiologist, immunologist, and pioneer THE WELLNESS INDUSTRY GIVES US—AND YOU—AN moment, Dr. Wentz made the decision to dream big; to in infectious disease diagnosis. In 1974, he founded Gull UNBEATABLE EDGE WHEN IT COMES TO LIVING YOUR dream of a world free from pain and suffering. A world • The very first image a potential team member will see is the USANA Home Office building in Salt Lake Laboratories to develop viral diagnostics, and his greatest LIFE, YOUR WAY. WE HAVE EXPERIENCE IN CREATING free from disease. successes during this time included the first commercially EXCEPTIONAL PRODUCTS THAT SUPPORT YOUR HEALTH, available diagnostic test for Epstein-Barr virus, better And he founded USANA Health Sciences to help further City, Utah. AND WE’VE BUILT ON THAT EXPERIENCE TO CREATE A known as the virus that causes mononucleosis.
    [Show full text]
  • Health Benefits of Nutritional Supplements
    Health Benefits of Nutritional Supplements Selected Readings from the Last 26 Years (1990-2016) Compiled by USANA Health & Science Education USANA Health Sciences 3838 West Parkway Blvd. Salt Lake City, UT 84120 Updated: April 2016 Copyright © 2016, USANA Health Sciences, Inc. Foreword The importance of nutrition for human health has long been recognized. Prior to 1960, inter- est in this field focused primarily on the etiology and prevention of acute nutrient deficiency diseases, such as scurvy, rickets, and pellagra. Some 50 essential nutrients (vitamins, minerals, antioxidants, cofactors, essential amino acids, and essential fatty acids) were identified, and recommended daily intakes for those essential nutrients were developed. These recommen- dations, in turn, proved valuable in eradicating acute nutrient deficiency diseases. During the past 26 years, attention has shifted to the role of diet and nutrition in the patho- genesis of chronic degenerative diseases. Heart disease, some cancers, osteoporosis, type II diabetes, and macular degeneration are well-known examples of diseases with dietary risk factors, and research is currently underway on many more nutrient-disease interactions. Un- fortunately, these associations are difficult to study, in part because of the timeframes in- volved. Chronic degenerative diseases develop over decades (or lifetimes), and it is extremely difficult to conduct research programs spanning more than several years in length. Neverthe- less, advances in epidemiological and clinical research have uncovered
    [Show full text]
  • Products Passion Possibilities 2009 Annual
    PRODUCTS PASSION POSSIBILITIES Real 2009 ANNUAL REPORT A New Direction 2009 was a year of signifi cant change for Mannatech. We encountered a number of challenges during the year, but by the end of 2009 a new direction for the company was set. In early January, a new All-Star Pack was launched in our domestic market with a reduced price of $499, providing a much more aff ordable business-building entry point for new Associates. Additionally, Mannatech implemented business procedures making us stronger relative to our competition. Early in the year, we reached settlements that resolved two litigation issues. Most importantly, the quality and effi cacy of Mannatech’s products were never in question. The validity of our patents was upheld as in three litigation cases that we won as plaintiff against companies infringing our patents. Also, we launched our outstanding new Essential Source™ Omega-3 product, as well as a family product called PhytoBurst™ Nutritional Chews, based on our proven PhytoMatrix® technology. Evidencing our continued mission to expand our international presence,nce, we opened four new countries in Europe and intend to add additionalal countries before the end of 2011. At year-end our Board of Directors named us as Co-CEOs. Together we have moremore than 16 years’ experience with Mannatech, producing the best dietary supplementst available. We believe that today Mannatech is better positioned to be a leader in the direct selling and wellness industries than it has been in some time. Most people have begun to recognize that wellness is a consumer-driven trend that will defi nitely have a benefi cial impact on human health.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    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): September 4, 2020 USANA HEALTH SCIENCES, INC. (Exact name of registrant as specified in its charter) Utah (State or other jurisdiction of incorporation) 001-35024 87-0500306 (Commission File No.) (IRS Employer Identification No.) 3838 West Parkway Boulevard Salt Lake City, Utah 84120 (Address of principal executive offices, Zip Code) Registrant's telephone number, including area code: (801) 954-7100 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, $0.001 per value per share USNA New York Stock Exchange 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).
    [Show full text]
  • NTIALS with USANAINCELLIGENCE TECHNOLOGY the USANA
    Volume 4 2016 Volume THE USANA CELLSENTIALS™ with USANA INCELLIGENCE TECHNOLOGY™ USANA INCELLIGENCE TECHNOLOGY™ WE GET IT— SCIENCE ISN’T FOR EVERYONE. AND THESE NEXT FEW PAGES HAVE A WHOLE LOT OF SCIENCE. But you’ll find that, in the coming months, you’re going to want to learn more about the science behind InCelligence. This new technology is a big deal, and people are going to start asking you all kinds of questions about it. When it comes time to answer those questions and expand your knowledge, you’ll want to keep this magazine nearby. To start out, you can check out the “InCelligence Takeaways” and “Cellular Vocabulary” sections of some of the articles for a brief summary of each topic. Then, if something catches your eye, you can always get more in-depth and become a total expert. Science isn’t for everyone, but it drives every product we create at USANA. So go ahead. Turn the page and learn why InCelligence is a total game changer. only from USANA INCELLIGENCE NUTRIENTS (GREEN) INSIDE THE CELL A Message from Dave Wentz The Future of USANA I’m proud of USANA’s past. As a company and as Associates, we have celebrated success after success for a quarter of a century. I’m proud of USANA’s present. People across the globe from all walks of life are experiencing what everyone else around the world wants—personalized health and financial freedom. And I’m proud of developments coming in the very near future. Trust me, it’s a game changer.
    [Show full text]