COPPELL, Texas--(BUSINESS WIRE)--Mannatech, Incorporated (NASDAQ: MTEX) (“Mannatech”), a global health and wellness company committed to transforming lives to make a better world, announced that its co-founder, Marlin Ray Robbins, gave notice of his resignation as a member of Mannatech’s Board of Directors on Thursday, November 10, effective immediately as of such date. Robbins, Mannatech’s top sales associate, announced that he resigned from his position as Director in order to focus on his business as an independent associate of Mannatech, and his decision to resign was not the result of any disagreement with Mannatech.
“It has been both an honor and a privilege to serve on Mannatech’s Board of Directors,” said Marlin “Ray” Robbins. “My fifteen years on the board has been extremely rewarding, and I have witnessed nothing but dedication and professionalism in my time serving. I am looking forward to remaining very active in pursuing my Mannatech business as an Associate.”
Alfredo “Al” Bala, President and CEO of Mannatech, said, “We are very grateful for Ray’s contributions to the Board of Directors, and we’ve appreciated having his field perspective and representation. We anticipate an announcement soon on continued field representation on the Board of Directors. We wish Ray success as we continue working with him as our top Associate, and we look forward to his future contributions to Mannatech.”
Mannatech, Incorporated is committed to transforming lives through the development of high quality integrated health, weight management, fitness and skin care products distributed through its global network of independent associates and members. The company has been operating for more than 20 years with operations in more than 25 countries. For more information, visit Mannatech.com.
Please Note: This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These 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,” “potential,” and “continues” or other similar words or the negative of such terminology. Similarly, descriptions of Mannatech’s objectives, strategies, plans, goals or targets contained herein are also considered forward-looking statements. Mannatech believes this release should be read in conjunction with all of its filings with the United States Securities and Exchange Commission and cautions its readers that these forward-looking statements are subject to certain events, risks, uncertainties, and other factors. Some of these factors include, among others, Mannatech’s inability to attract and retain associates and members, increases in competition, litigation, regulatory changes, and its planned growth into new international markets. Although Mannatech believes that the expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.