MANNATECH, INCORPORATED (NASDAQ:MTEX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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entered into a Supply Agreement with Natural Aloe de Costa Rica,
S.A. (the Supplier) effective as of November 22, 2016 (the Supply
Agreement). to the Supply Agreement, Mannatech has agreed to
purchase an aloe vera powder in whole leaf aloe form and an aloe
vera gel extract, at specific prices. The Supply Agreement has an
initial term of four years, and will automatically renew for
additional two-year periods. Under the Supply Agreement Mannatech
receives certain exclusive rights to market and sell these
products, provided that Mannatech complies with certain minimum
purchase requirements thereunder.
| Item 1.02 |
Termination of a Material Definitive Agreement.
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in its entirety that certain Supply Agreement between Mannatech
and the Supplier dated May 2, 2011, to which Mannatech purchased
similar products from the Supplier.
About MANNATECH, INCORPORATED (NASDAQ:MTEX)
Mannatech, Incorporated is a wellness solution provider. The Company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. The Company operates through the segment of sale of nutritional supplements, skin care and anti-aging products, and weight management and fitness products through network marketing distribution channels in approximately 20 countries. Its Health category includes a range of daily nutritional supplements, health solutions for children and additional nutrients designed to help keep specific body systems at optimal levels. Its Weight and Fitness category offers products designed to curb appetite and burn fat, build lean muscle tissue, and support recovery from overexertion. Its Skin Care and Anti-Aging category offers products formulated with approximately 30 botanical ingredients. It sells products in three regions: North America/South America, Europe/the Middle East/Africa (EMEA) and Asia/Pacific. MANNATECH, INCORPORATED (NASDAQ:MTEX) Recent Trading Information
MANNATECH, INCORPORATED (NASDAQ:MTEX) closed its last trading session down -0.16 at 17.44 with 1,256 shares trading hands.