ADDED
mtex20251231_10k.htm 0001056358 MANNATECH INC false --12-31 FY 2025 true true false Our Board of Directors engages in the assessment, oversight, and management of material risks that could affect the company.
The board has delegated to the Nominating/Governance and Compliance Committee the oversight responsibility for our cybersecurity risk management program to ensure that cybersecurity risks are identified, assessed, managed, and monitored.
This oversight includes compliance with disclosure obligations and requirements, cooperation with law enforcement, and related effects on financial risks and is responsible for reporting its findings and recommendations to the full board for its consideration.
Our IT operations team and other members of management discuss cyber risks and trends, and if they arise, any material incidents with senior executives and the Nominating/Governance and Compliance Committee.
Our Board of Directors engages in the assessment, oversight, and management of material risks that could affect the company.
The board has delegated to the Nominating/Governance and Compliance Committee the oversight responsibility for our cybersecurity risk management program to ensure that cybersecurity risks are identified, assessed, managed, and monitored.
This oversight includes compliance with disclosure obligations and requirements, cooperation with law enforcement, and related effects on financial risks and is responsible for reporting its findings and recommendations to the full board for its consideration.
Our IT operations team and other members of management discuss cyber risks and trends, and if they arise, any material incidents with senior executives and the Nominating/Governance and Compliance Committee.
Our Board of Directors engages in the assessment, oversight, and management of material risks that could affect the company.
The board has delegated to the Nominating/Governance and Compliance Committee the oversight responsibility for our cybersecurity risk management program to ensure that cybersecurity risks are identified, assessed, managed, and monitored.
REMOVED
Forward-looking statements generally can be identified by use of phrases or terminology such as may, will, should, could, would, expects, plans, intends, anticipates, believes, estimates, approximates, predicts, projects, hopes, potential, and continues or other similar words or the negative of such terms and other comparable terminology.
During the second quarter of 2024, the Company liquidated its entity in Sweden, Mannatech Sverige AB.
In July 2024, the Company ceased operating its tiered affiliate program in the United States which conducted business under the brand name, Trulu ( Trulu ) and was operated by our wholly owned subsidiary, New Economy Marketing Opportunities, LLC.
The affiliate program business was separate from our network marketing business.
Trulu affiliates earned commissions on the sale of Trulu products under a commission plan that was separate from the Mannatech network marketing commission plan.
3 Business Segment, Products and Product Development Business Segment.
In 2015, Mannatech introduced a new brain supplement, Cognitate , featuring a proprietary blend of natural ingredients designed to aid memory, recall and cognition.
Essentials , a sub-category of Targeted Health, offers a variety of dietary supplements that are formulated with a simpler ingredient profile, at a price point that is intended to be a value-add for preferred customers and associates.
According to the worldwide direct sales data published by the World Federation of Direct Selling Associations, in 2023, approximately 103 million global direct sellers collectively generated annual retail sales of $167.6 billion.
Business Strategy Our long-term goal is to be one of the world s leading direct sellers of nutritional supplements founded on the best science-based proprietary products by incorporating a powerful global independent network distribution model and our charitable giving program.