MANNATECH INC

Mannatech, Inc. has filed an 8-K amendment to report the dismissal of BDO USA, P.C. as its independent registered public accounting firm, effective October 15, 2026. The company also announced the engagement of CBIZ CPAs P.C. as its new independent auditor for the fiscal year ending December 31, 2026. BDO's prior reports did not contain adverse opinions, but the report for the fiscal year ended December 31, 2025, did include a paragraph on substantial doubt about the company's going concern ability.

Mannatech reported a significant financial turnaround for the first half of 2026, achieving a net income of $1.965 million, compared to a net loss of $5.842 million in the prior year. Basic EPS for the six months ended June 30, 2026, was $1.02, a substantial improvement from a loss of $3.07 per share in the same period last year. Quarterly net sales increased by 3.78% to $26.650 million, while six-month net sales saw a slight decrease of 1.29% to $51.567 million. The company also generated positive net cash from operating activities of $334,000, reversing a prior-year outflow.

Mannatech reported strong financial results for the second quarter of 2026, with net sales increasing to $26.7 million, up $1.0 million year-over-year. The company achieved a net income of $1.0 million, or $0.53 per diluted share, a significant turnaround from a net loss of $4.3 million in the same period last year. This improvement was driven by an increase in gross profit percentage to 76.9% and a 16.7% reduction in selling and administrative expenses.

Mannatech, Incorporated announced the appointment of Yasir Haider as Chief Financial Officer and principal financial officer, effective June 3, 2026. Mr. Haider, who joined the company as Controller in January 2025 and served as Interim CFO since March 2026, replaces James Clavijo. The company's President and CEO, Landen Fredrick, expressed confidence in Mr. Haider's ability to enhance financial discipline and drive long-term shareholder value.

Mannatech, Incorporated announced the appointment of Yasir Haider as Chief Financial Officer, effective June 3, 2026. Mr. Haider, who previously served as Interim CFO and Controller, brings significant experience in global financial operations, SEC reporting, and mergers and acquisitions. President and CEO Landen Fredrick praised Haider's discipline and focus, expressing confidence in his ability to drive performance and create long-term shareholder value.

Mannatech, Incorporated held its 2026 Annual Shareholders' Meeting on June 2, 2026, with approximately 71.0% of total shares outstanding represented. Shareholders elected John A. Seifrick and Robert Toth as Class III directors. Additionally, the appointment of BDO USA, P.C. as the independent public accounting firm for fiscal year 2026 was ratified, and executive compensation was approved on an advisory basis.

Mannatech shareholders approved all proposals at the annual meeting held on June 2, 2026. Key approvals included the election of John A. Seifrick and Robert Toth as Class III Directors to serve until 2029. Shareholders also ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for fiscal year 2026 and provided advisory approval for the compensation of the company's named executive officers. Proxies representing 71.0% of the outstanding shares were voted at the meeting.

Mannatech, a global health and wellness company, announced financial results for the first quarter of 2026. The company reported a net income of $1.0 million, or $0.49 per diluted share, a significant improvement from a net loss of $1.5 million in the prior year. However, net sales decreased by $1.6 million to $24.9 million, representing an 8.1% decline on a constant dollar basis, and the customer base also saw a decline.

Mannatech Inc. reported a significant turnaround in its first quarter of 2026, achieving a net income of $0.95 million, or $0.49 per diluted share, compared to a net loss of $1.53 million, or $(0.80) per diluted share, in the prior year. Despite a decrease in net sales to $24.92 million from $26.56 million, the company improved its loss from operations and generated positive cash flow from operating activities. Cash and cash equivalents also increased to $7.01 million by quarter-end.

Mannatech, Inc. received a notice from Nasdaq on April 20, 2026, indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000. As of December 31, 2025, the company reported a stockholders' equity deficit of $5,223,000, a shortfall of approximately $7.7 million. The notice does not result in immediate delisting, and Mannatech has until June 4, 2026, to submit a plan to regain compliance, with a potential extension until October 17, 2026.