(Address of Principal Executive Offices, including Zip Code)
Registrant’s Telephone Number, including Area Code: (972) 471-7400
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(Former name or former address, if change since last report.)
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Item 5.02(b). Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
Effective February 27, 2015, Alan D. Kennedy retired from Mannatech’s Board of Directors. Mr. Kennedy served as Chairman of Mannatech’s Science Committee and served on Mannatech’s Audit Committee, Compensation & Stock Option Plan Committee, and Nominating/Governance and Compliance Committee. Mr. Kennedy’s retirement is not the result of any disagreement with Mannatech relating to its operations, policies or procedures.
In recognition of Mr. Kennedy’s service, the Board of Directors accelerated the vesting of any unvested nonqualified stock options previously awarded to Mr. Kennedy and extended the terms of the outstanding options from three months following Mr. Kennedy’s retirement to the original terms of the options.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.