ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.

Natural Alternatives International, Inc. (the Company) regrets to disclose that Joe Davis, a member of the Company's Board of Directors, passed away on May 27, 2021. The Company is deeply saddened by Mr. Davis' untimely passing and extends its heartfelt condolences to Mr. Davis' family. Joe joined the Company's Board of Directors as an independent director in 2000 and was serving as the chair of the Board's Audit Committee (the Audit Committee) at the time of his passing.

Following the death of Mr. Davis, the Company's Board has been reduced to five members, four of whom are independent. The Audit Committee was temporarily reduced to two members, both of whom are independent directors. Due to the reduced number of Audit Committee members, the Company was no longer compliant with Rule 5605-4 of the NASDAQ Listed Company Manual, which requires that the audit committee of a NASDAQ-listed company consist of at least three members, each of whom is an independent director. The Company notified NASDAQ of Mr. Davis' passing and the resulting non-compliance with the Listed Company Manual on June 7, 2021.

On June 8, 2021, the Company appointed Ms. Laura Kay Matherly to the Audit Committee to fill the vacancy created by Mr. Davis' passing. Ms. Matherly is independent according to the requirements of Section 10A of, and Rule 10A-3 under, the Securities Exchange Act of 1934, as amended, and Rule 5605(a)(2) of the NASDAQ Listed Company Manual. With the addition of Ms. Matherly to the Audit Committee, the Company has regained compliance with the applicable NASDAQ listing standard within the standard grace period for achieving such compliance. Mr. Alan G. Dunn, an existing member of the Audit Committee, was appointed as the new chairperson of the Audit Committee.

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