Mannatech Incorporated

09/12/2025 | Press release | Distributed by Public on 09/12/2025 14:22

Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.
On September 9, 2025, Mannatech, Incorporated (the "Company") entered into three separate Loan Extension Agreements (the "Extension Agreements") pertaining to the three separate unsecured Loan Agreement and Promissory Notes dated April 23, 2024 ("Promissory Notes") with three related parties, who are all current members of the Company's Board of Directors and stockholders of the Company, in an aggregate principal amount of $3.6 million (of which $2.9 million remains outstanding after the Company prepaid $0.7 million on November 30, 2024). The lenders are J. Stanley Fredrick, Chairman of the Board and our largest shareholder, Tyler Rameson, our second largest shareholder, and Kevin Robbins. Tyler Rameson lent the money through his firm, Jade Capital LLC, where he is the managing member. The purpose of the extension is to provide additional time for the Company to utilize the funds for general working capital needs.
Pursuant to the terms of the Extension Agreements, each note is now due in full on March 31, 2027. The Company retains the right to prepay all or a portion of the Promissory Notes at any time without premium or penalty. Other than the extension of the due date, the terms of the Promissory Notes remain the same. The full text of the Promissory Notes were filed as Exhibits 10.17, 10.18, and 10.19 to the Company's Form 8-K filed with the Securities and Exchange Commission on April 29, 2024.
Mannatech Incorporated published this content on September 12, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 12, 2025 at 20:22 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]