People: Mannatech Inc (MTEX.O)
MTEX.O on Nasdaq
11.20USD
19 Jun 2013
11.20USD
19 Jun 2013
Price Change (% chg)
$-0.08 (-0.71%)
$-0.08 (-0.71%)
Prev Close
$11.28
$11.28
Open
$11.20
$11.20
Day's High
$11.33
$11.33
Day's Low
$11.20
$11.20
Volume
4,406
4,406
Avg. Vol
7,112
7,112
52-wk High
$13.33
$13.33
52-wk Low
$4.77
$4.77
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
J. Stanley Fredrick |
73 | 2009 | Chairman of the Board |
Robert Sinnott |
47 | 2012 | Chief Executive Officer, Chief Scientific Officer |
S. Mark Nicholls |
45 | 2011 | Chief Financial Officer |
Roy Truett |
45 | 2013 | President - International, Chief Operating Officer |
Alfredo Bala |
51 | 2013 | Executive Vice President, Chief Sales and Marketing Officer |
Natalie Clark |
51 | 2012 | Senior Vice President - North American Sales and Operations |
Ronald Norman |
53 | 2011 | Senior Vice President - International |
Marlin Robbins |
66 | 2001 | Director |
Gerald Gilbert |
78 | 2003 | Independent Director |
Larry Jobe |
72 | 2006 | Independent Director |
Alan Kennedy |
81 | 2002 | Independent Director |
Robert Toth |
59 | 2008 | Independent Director |
Biographies
| Name | Description |
|---|---|
J. Stanley Fredrick |
Mr. J. Stanley Fredrick serves as Chairman of the Board of Mannatech, Inc. He has served as a Class II director since September 2001. His current term as director expires in 2013. From November 2003 through January 2009, Mr. Fredrick served as the Lead Director for the Board. In January 2009, Mr. Fredrick was elected to serve as the Chairman of the Board of Directors. In 2003, Mr. Fredrick was a founding board member of Professional Bank in Dallas, Texas, a boutique bank that provided certain financial resources to its customers. He co-founded Cameo Couture, Inc., which operated as Colesce Couture, a distributor of intimate apparel, and Colony House, Inc., a private label cookware company, both of which operated through direct selling channels. Mr. Fredrick also co-founded Irving National Bank Shares, a commercial bank holding company, and served as a consultant to the bank from 1994 until it was sold in 2000. Mr. Fredrick has been actively involved for over 38 years in the Direct Selling Association, a national trade association of firms that manufacture and distribute goods and services directly to consumers. He has served on the Direct Selling Association’s Board of Directors and various committees thereof. From 1987 to 1988, Mr. Fredrick served as Chairman of the Direct Selling Association and from 1988 to 1990, he served as Chairman of the Direct Selling Education Foundation. He has been inducted into the Direct Selling Association’s highest honor, the “Hall of Fame,” as well as into the Direct Selling Education Foundation “Circle of Honor.” Mr. Fredrick received a B.A. in English from Central State University, in Edmond, Oklahoma. |
Robert Sinnott |
Dr. Robert A. Sinnott, M.N.S., Ph.D., serves as Chief Executive Officer, Chief Science Officer of Mannatech, Inc. He has joined Mannatech in 2005 as Chief Science Officer, and became Co-CEO in 2009. As of January 2012, he became the sole CEO. During his tenure, Dr. Sinnott has served Mannatech to further its proprietary science, research and development, while initiating independent clinical trials that substantiate the Company’s flagship Ambrotose product. He also manages the Company’s quality assurance/quality control and global regulatory departments. Dr. Sinnott has held scientific positions in both industry and government over the past 20 years with experience in life sciences, chemistry, biotechnology and nutrition. For the past 13 years, he has worked directly in the dietary supplement industry both in the United States and internationally. From 2006 to 2011, Dr. Sinnott held a seat on the Board of Directors of the Council of Responsible Nutrition’s (the “CRN”), the trade association representing ingredient suppliers and manufacturers of dietary supplements. From 2009 to 2011, Dr. Sinnott also served as chair of the Senior Scientific Advisory Committee (SSAC) for the CRN. The SSAC is comprised of the highest-ranking scientific officers of member companies. Its role is to assist the CRN with development and implementation of scientific strategy relating to scientific publications, scientific policies and programs by government agencies. Dr. Sinnott earned his B.S. degree in Biological Sciences, a Masters in Natural Science, and a Ph.D. in Plant Sciences from Arizona State University, in Tempe, Arizona. His doctoral dissertation focused on agricultural biotechnology of industrial plants, including aloe vera. |
S. Mark Nicholls |
Mr. S. Mark Nicholls serves as Chief Financial Officer of Mannatech Inc., since December 14, 2011. Mr Nicholls joined Mannatech in December 2007, serving as Senior Tax Manager. More recently, he served as Vice President Treasury & Tax. In December 2011, he was promoted to Chief Financial Officer. Prior to joining Mannatech, Mr. Nicholls was Tax Director at Carter & Burgess, a U.S. architectural and engineering firm, and Chief Financial Officer for The Cirrus Group, a real estate management and development company. Additionally, he spent 10 years working at such public accounting firms as PricewaterhouseCoopers and BDO Seidman. Mr. Nicholls received a B.B.A. degree in Finance in 1989 and a Master of Science in Taxation in 1991 from the University of Texas at Arlington. He is a Certified Public Accountant licensed in the State of Texas. |
Roy Truett |
Mr. Roy W. Truett is appointed as President - International, Chief Operating Officer of Mannatech Inc. Mr. Truett previously served as Chief Operating Officer of USANA Health Sciences, Inc. (“Usana”), a health and nutrition supplement company, since May 2011. As Chief Operating Officer, Mr. Truett was responsible for Usana’s day-to-day operating activities and enhancing the internal organization process. His areas of responsibility included information technology, supply chain management, compensation plan strategies, project management, and inventory control. Mr. Truett joined USANA in April 2003 as Executive Director of Information Technology before being promoted to Chief Information Officer in July 2005. Mr. Truett received a B.S. in business administration with an emphasis in information systems management from Francis Marion University in Florence, South Carolina and a M.B.A. from the University of Phoenix. |
Alfredo Bala |
Mr. Alfredo Bala serves as Executive Vice President, Chief Sales and Marketing Officer of Mannatech, Inc. Mr. Bala joined Mannatech in October 2007 as Senior Vice President, Global Sales. He was then named Executive Vice President, Sales in June 2011. Due to his involvement in Mannatech’s global sales and marketing efforts, in January 2012, Mr. Bala was named Executive Vice President, Sales & Marketing. Mr. Bala served as Chief Operating Officer of Britt Worldwide, LLC, one of the independent Amway network marketing organizations, from 1992 to 2006. While with Britt Worldwide, his main focus was providing motivation, training and tools for associates in the field in more than 65 countries across the globe. Mr. Bala was also heavily involved in the launch and re-launch of over 60 international markets, including BRICS markets (Brazil, Russia, India, China and South Africa), which propelled the Britt Worldwide international sales volume to more than $500 million. Mr. Bala served as manufacturing plant manager for Bose Corporation from 1983 to 1992. He is conversant and/or fluent in more than 13 languages. Mr. Bala received an Associate Degree in Electrial Engineering from the Community College of Rhode Island. |
Natalie Clark |
Mrs. Natalie L. Clark serves as Senior Vice President - North American Sales and Operations of Mannatech, Inc. She has been with Mannatech since 1995 and has more than 15 years experience in the direct selling industry. In February 2010, she was promoted to Senior Vice President, North America and in January 2012, she was named Senior Vice President, North American Sales and Operations. Mrs. Clark has overseen the implementation of Mannatech’s strategic business plan, compliance department, call center, distribution center and development of the Company’s global compensation plan. Mrs. Clark has contributed to all facets of the Company such as managing a joint executive team in facilitating strategic plans, project management efforts to re-design a global Associate compensation plan, initiating an Associate Advisory Council and designing a recognition and incentive programs to award field leadership. In addition, Mrs. Clark acted as Interim Chief Information Officer, managed global compensation plan coordination and logistics for international expansion efforts, established the Compliance Department to enforce global policies and procedures and continues to manage both promotional and educational compliant messaging. She contributed in the development and implementation of a $35 million global IT project that integrated global Accounting, Tax, Distribution, Call Center, Sales Order, Commissions and Supply Chain. Mrs. Clark also developed and currently manages a customer care program. |
Ronald Norman |
Mr. Ronald D. Norman is Senior Vice President - International of Mannatech, Inc. Prior to his current position, he served for several years as Mannatech’s Vice President of International Operations. He also served as Mannatech’s Treasurer from 2003 to 2005 and held various other positions within Mannatech’s finance department before his appointment as Treasurer. Prior to joining Mannatech, Mr. Norman had 15 years of experience in public accounting, focusing on providing tax, accounting, finance and general business consulting services to entrepreneurial and growth stage companies with an emphasis on preparing these companies for entry into the public markets or preparing them for international expansion. Mr. Norman received both his B.S. and M.S. degrees from Baylor University. He is a Certified Public Accountant licensed in the State of Texas and is a member of the American Institute of Certified Public Accounts and Dallas Chapter of the Texas Society of Certified Public Accountants. Mr. Norman donates his time and experience to various autism advocacy groups in the North Texas area including the DFW Center of Autism and the North Texas Chapter of the Autism Society of America. |
Marlin Robbins |
Mr. Marlin Ray Robbins is Director of Mannatech, Inc. Mr. Robbins co-founded Mannatech and is a high-level independent associate. Mr. Robbins has served as a Class I director since June 2001and his current term as director expires in 2012. From 1992 to 1995, Mr. Robbins served on the Board of Republic Bank/NCNB. Mr. Robbins also served as a member of the Grand Prairie Independent School District Board from 1991 to 1994 and served as their President from 1993 to 1994. Mr. Robbins has over 25 years of experience with various network marketing and direct selling companies. Mr. Robbins has published a book related to his experience as an independent associate entitled You Can Too. He also helped to develop global associate career and compensation plan. Mr. Robbins received a B.S. degree in Biology and Chemistry from Southwest Texas State University, in San Marcos, Texas. Mr. Robbins served in the active United States Army from 1969-1975 and as a helicopter pilot during the Vietnam War from 1971 to 1972. Mr. Robbins continued serving in the Army National Guard until 1983. |
Gerald Gilbert |
Mr. Gerald E. Gilbert is Independent Director of Mannatech, Inc., since June 2003. He is the Chairman of the Compliance Committee. A former Assistant U.S. Attorney, from 1968 until his retirement in December 2002, Mr. Gilbert practiced law with the international law firm of Hogan and Hartson L.L.P., now known as Hogan Lovells L.L.P. His legal and business experience includes international trade, national trade associations, and various areas of consumer products. From 1968 to 1999, Mr. Gilbert served as General Counsel to the Direct Selling Association. Mr. Gilbert was the recipient of the “Hall of Fame Award,” which is the Direct Selling Association’s highest honor. He also served as General Counsel to the World Federation of Direct Selling Associations and the Tropical Forest Foundation. Mr. Gilbert served in the U.S. Naval Reserve from 1956 to 1992 and was promoted to Rear Admiral (Two Stars), the top ranking officer in the Naval Reserve JAG Corps. During his distinguished military service, Mr. Gilbert received numerous awards, including the “Legion of Merit”. He is also a Past National President of the Federal Bar Association. He received a B.A. degree in English from Denison University, in Granville, Ohio and a Juris Doctor from the University of Virginia School of Law, in Charlottesville, Virginia. Mr. Gilbert is a member of the State Bars of Virginia and the District of Columbia and is admitted to practice before the United States Supreme Court. |
Larry Jobe |
Mr. Larry A. Jobe is Independent Director of Mannatech, Inc., since January 4, 2006. In February 2007, Mr. Jobe began serving as Chairman of Audit Committee. Mr. Jobe serves as Chairman of Legal Network, Ltd., a firm he founded in 1993 that provides staffing and litigation support to law firms and corporate legal departments. He also currently serves as President and founder of P 1 Resources, LLC, which has provided engineering and light industrial staffing services to the construction industry since 1994. From 1991 to 1994, Mr. Jobe was Chairman and founder of Mitchell Jobe & Company, a provider of professional staffing services for government and industry. From 1973 to 1991, he served in various capacities, including as a member of the Executive Committee and Chairman of the Strategic Planning Committee with the accounting firm Grant Thornton LLP. In 1969, he was appointed by President Richard Nixon to serve as the Assistant Secretary of Commerce for Administration at the United States Commerce Department. Mr. Jobe currently serves as the Chairman of Independent Bank of Texas and Chairman of the Audit Committee for U.S. Home Systems, Inc. In addition, Mr. Jobe serves as Chairman of the Audit Committee and a member of the Board of Directors of SWS Group, Inc., a Dallas-based New York Stock Exchange member. He received a B.B.A. degree in Accounting from the University of North Texas, in Denton, Texas. Mr. Jobe maintained an active Certified Public Accountant license from 1962 to 2002 and currently maintains his license on an inactive or retired status. Mr. Jobe serves as Chairman of the Dallas Seminary Foundation. |
Alan Kennedy |
Mr. Alan D. Kennedy is Independent Director of Mannatech, Inc., since June 2002. He is the Chairman of the Science Committee. Mr. Kennedy has over 30 years experience with various direct selling companies. From 1998 until his retirement in December 2001, he served as President Worldwide for Tupperware Corporation, a publicly-traded company that distributes and sells various products in over 100 countries, primarily through direct selling channels. Since retiring, Mr. Kennedy continues to serve as a consultant to Tupperware Corporation. From 1989 to 1996, he served as President and Chief Executive Officer of Nature’s Sunshine Products, Inc., a publicly-traded, network marketing company that manufactures and markets nutritional and personal care products worldwide. From 1986 to 1989, Mr. Kennedy provided various consulting services to several direct selling companies. From 1982 to 1986, he served as Vice President of Sales Development for Avon Products, Inc., a publicly-traded, multinational manufacturer and distributor of cosmetics, toiletries, jewelry, chemicals and clothing. He received a B.A. degree, with honors, in Economics from Colgate University, in Hamilton, New York. His professional affiliations include serving as Chairman of the Direct Selling Association from 1995 to 1996 and serving as Chairman of the Direct Selling Education Foundation from 1996 to 1997. In 2004, Mr. Kennedy was inducted into the Direct Selling Association’s highest honor, the “Hall of Fame.” He serves on the Board of Directors of the Direct Selling Education Foundation and also serves on the Board of Directors of Regents for Mercersburg Academy, a private secondary school in Mercersburg, Pennsylvania. |
Robert Toth |
Mr. Robert A. Toth is Independent Director of Mannatech, Inc., since March 2008. He is the Chairman of the Compensation and Stock Option Plan Committee. His current term as director expires in 2014. Mr. Toth is Co-founder and Chairman of Tatra Spring LLC, a supply chain services company based in Poland. He is a director of the Knowtions Company, a performance support systems software firm based in Ringoes, New Jersey. Since 2006, he has worked in venture capital as a private investor focused on new business start ups in the technology sector. Mr. Toth has over 27 years of direct selling experience, most recently as President of Avon International from 2004 to 2005. In that capacity, his operations included over 120 countries with annual revenues in excess of $5.5 billion. Mr. Toth began his Avon career in customer service in 1978, then moved to U.S. sales and operations and was promoted to U.S. Director of Sales in 1989. He transitioned to Avon International in 1991 as Director of New Business Development, where he played a lead role in Avon’s market entry plan for Russia. He was based in Warsaw from 1993 to 1997 as Avon’s President of Central and Eastern Europe, where he established and led Avon Poland. From 1997 to 2004, Mr. Toth was based in London where he held a number of senior management positions including Group Vice President, Eastern Europe, Middle East and Africa (1997-1999), Senior Vice President, Europe, Middle East and Africa (1999-2002) and Executive Vice President for Asia-Pacific, Europe, Middle East and Africa (2002-2003). Mr. Toth graduated from LaSalle University in 1974 with a B.A. in Business Administration and was an officer in the U.S. Marine Corps from 1975 to 1978. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
J. Stanley Fredrick |
-- |
Robert Sinnott |
375,586 |
S. Mark Nicholls |
-- |
Roy Truett |
-- |
Alfredo Bala |
314,385 |
Natalie Clark |
-- |
Ronald Norman |
-- |
Marlin Robbins |
-- |
Gerald Gilbert |
-- |
Larry Jobe |
-- |
Alan Kennedy |
-- |
Robert Toth |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
J. Stanley Fredrick |
0 | 0 |
Robert Sinnott |
0 | 0 |
S. Mark Nicholls |
0 | 0 |
Roy Truett |
0 | 0 |
Alfredo Bala |
0 | 0 |
Natalie Clark |
0 | 0 |
Ronald Norman |
0 | 0 |
Marlin Robbins |
0 | 0 |
Gerald Gilbert |
0 | 0 |
Larry Jobe |
0 | 0 |
Alan Kennedy |
0 | 0 |
Robert Toth |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
JOBE LARRY A |
825 | $6.37 |
JOBE LARRY A |
175 | $6.36 |
JOBE LARRY A |
80 | $3.73 |
JOBE LARRY A |
2,404 | $3.95 |
JOBE LARRY A |
200 | $3.93 |
JOBE LARRY A |
1,450 | $3.95 |
JOBE LARRY A |
300 | $3.92 |
JOBE LARRY A |
618 | $3.92 |
JOBE LARRY A |
932 | $3.93 |
JOBE LARRY A |
16 | $3.91 |
JOBE LARRY A |
500 | $4.19 |
JOBE LARRY A |
100 | $4.15 |
JOBE LARRY A |
700 | $4.11 |
JOBE LARRY A |
100 | $4.19 |
JOBE LARRY A |
400 | $4.20 |
JOBE LARRY A |
14 | $4.07 |
JOBE LARRY A |
308 | $4.20 |
JOBE LARRY A |
2,100 | $4.20 |
JOBE LARRY A |
278 | $4.07 |
NICHOLLS STEVEN MARK |
100 | $0.49 |
NICHOLLS STEVEN MARK |
100 | $0.43 |
NICHOLLS STEVEN MARK |
250 | $0.50 |
NICHOLLS STEVEN MARK |
6,452 | $0.51 |
NICHOLLS STEVEN MARK |
730 | $0.43 |
NICHOLLS STEVEN MARK |
100 | $0.45 |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
