Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed on the Current Report on Form 8-K filed with the
Securities and Exchange Commission on September 6, 2022, Nature's Sunshine
Products, Inc. (the "Company") announced the promotion of Mr. Jonathan D. Lanoy
to the position of Senior Vice President, Finance in addition to his service as
Interim Chief Financial Officer, Principal Financial Officer and Principal
Accounting Officer until such time as the Company appoints a Chief Financial
Officer. The Company also previously disclosed on the Current Report on Form 8-K
filed with the Securities and Exchange Commission on December 6, 2022, that Mr.
Shane Jones would serve as the Company's Chief Financial Officer.
On January 24, 2023, Mr. Lanoy was appointed Chief Accounting Officer, and will
continue to serve as the Company's Principal Accounting Officer. Also on January
24, 2023, the Company appointed Mr. Jones to serve as the Company's Principal
Financial Officer.
The description of the terms and provisions of the compensatory arrangements for
Mr. Lanoy and Mr. Jones are set forth in the Current Reports on Form 8-K filed
September 6, 2022 and December 6, 2022 respectively, with the attachments
thereto, and which are incorporated herein by reference.
There is no arrangement or understanding between Mr. Lanoy or Mr. Jones and any
other person pursuant to which they were selected as officers of the Company.
Mr. Lanoy or Mr. Jones have no family relationship (within the meaning of Item
401(d) of Regulation S-K) with any director, executive officer, or person
nominated or chosen by the Company to become a director or executive officer.
There has been no transaction since the beginning of the Company's last fiscal
year, and there is no currently proposed transaction, in excess of $120,000 in
which the Company is or was a participant and in which Mr. Lanoy or Mr. Jones
any of their immediate family members (within the meaning of Item 404 of
Regulation S-K) had or will have a direct or indirect material interest.
Item 9.01 Financial Statements and Exhibits
Item No. Exhibit
104 Cover Page Interactive Data File (embedded with the Inline XBRL
document).
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