寰泰生技 2024年度报告

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2024oroTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________Commission File No.000-24657MANNATECH, INCORPORATED(Exact Name of Registrant as Specified in its Charter) Texas75-2508900(State or other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)1410 Lakeside Parkway, Suite 200,75028Flower Mound,Texas(Zip Code)(Address of Principal Executive Offices) Registrant’s Telephone Number, including Area Code:(972)471-7400Securities Registered Pursuant to Section 12(b) of the Act: Securities Registered Pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. YesoNox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).xYesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicated by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reportingunder Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correctionof an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).YesoNox At June 30, 2024, the last business day of the registrant's most recently completed second quarter, the aggregate market value of the common stock held by non-affiliates of theRegistrant was $7,792,238 based on the closing sale price of $6.79, as reported on The Nasdaq Capital Market. The number of shares of the Registrant’s common stock outstanding as of March18, 2025 was1,900,930shares. Documents Incorporated by Reference Mannatech, Incorporated incorporates information required by Part III (Items 10, 11, 12, 13, and 14) of this report by reference to its definitive proxy statement for its 2025 annualshareholders’ meeting to be filed pursuant to Regulation 14A no later than 120 days after the end of its fiscal year. TABLE OF CONTENTS Special Note Regarding Forward-Looking Statements Part I Item 1BusinessItem 1ARisk FactorsItem 1BUnresolved Staff CommentsItem 1CCybersecurityItem 2PropertiesItem 3Legal ProceedingsItem 4Mine Safety Disclosures Part II Item 5Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities41Item 6[Reserved]41Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations42Item 7AQuantitative and Qualitative Disclosures About Market Risk53Item 8Financial Statements and Supplementary Data54Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure54Item 9AControls and Procedures54Item 9BOther Information55Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections55Part III Item 10Directors, Executive Officers, and Corporate GovernanceItem 11Executive CompensationItem 12Security Ownership of Certain Beneficial Owners and Management a