Mannatech Audit Committee dismisses BDO USA, hires CBIZ CPAs

Mannatech, Incorporated's Audit Committee approved the dismissal of BDO USA, P.C. as the company's independent registered public accounting firm on October 15, 2026. Effective immediately, the committee also approved the engagement of CBIZ CPAs P.C. as the new auditor for the fiscal year ending December 31, 2026.

Mannatech notified BDO of the decision on the same day. According to the Form 8-K filed with the Securities and Exchange Commission, BDO's reports on Mannatech's consolidated financial statements for the fiscal years ended December 31, 2025, and December 31, 2024, did not contain adverse opinions or disclaimers of opinion. However, the report for the fiscal year ended December 31, 2025, included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern.

The filing states that during the fiscal years ended December 31, 2025, and December 31, 2024, and the subsequent interim period through October 15, 2026, there were no disagreements with BDO on matters of accounting principles, financial statement disclosure, or auditing scope and procedure. The company also reported no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K during these periods. Mannatech provided BDO with a copy of these disclosures and requested a letter addressed to the SEC confirming whether BDO agrees with the statements. The company intends to file BDO's letter by amendment to the current report within the period required by Item 304(a)(3) of Regulation S-K.

CBIZ CPAs P.C. will begin its role with the review of Mannatech's condensed consolidated financial statements for the quarter ended September 30, 2026. The filing notes that neither Mannatech nor anyone on its behalf consulted CBIZ during the fiscal years ended December 31, 2025, and December 31, 2024, or the subsequent interim period through October 15, 2026. Specifically, there were no consultations regarding the application of accounting principles to specified transactions or the type of audit opinion that might be rendered. No written reports or oral advice were provided by CBIZ that were considered important factors in Mannatech's decision-making on accounting or auditing issues.

Mannatech is incorporated in Texas and maintains its principal executive offices at 1410 Lakeside Parkway, Suite 200, in Flower Mound, Texas. The company's common stock trades on The Nasdaq Stock Market LLC under the ticker symbol MTEX. The Form 8-K was signed by Yasir Haider, Chief Financial Officer of Mannatech, Incorporated.