-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MUghlx4lhlPRhtKYin6nOx5El/0OfZTE+jdTr+XW9JXkmeafHOrJe4i0TYmsdO77 BhkWdJm72x6liyG/mfFdzQ== 0000950134-03-004293.txt : 20030321 0000950134-03-004293.hdr.sgml : 20030321 20030321101753 ACCESSION NUMBER: 0000950134-03-004293 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030321 GROUP MEMBERS: DONALD WILLIAM HERNDON GROUP MEMBERS: HARLEY REGINALD MCDANIEL GROUP MEMBERS: J STANLEY FREDRICK GROUP MEMBERS: JETT GROUP MEMBERS: MARLIN RAY ROBBINS JR FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASTER SAMUEL L CENTRAL INDEX KEY: 0001106550 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 600 S ROYAL LANE STREET 2: SUITE 200 CITY: COPPELL STATE: TX ZIP: 75019 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MANNATECH INC CENTRAL INDEX KEY: 0001056358 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 752508900 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-57067 FILM NUMBER: 03611443 BUSINESS ADDRESS: STREET 1: 600 SOUTH ROYAL LANE STREET 2: SUITE 200 CITY: COPPELL STATE: TX ZIP: 75019 BUSINESS PHONE: 9724717400 MAIL ADDRESS: STREET 1: 600 SOUTH ROYAL LANE STREET 2: SUITE 200 CITY: COPPELL STATE: TX ZIP: 75019 SC 13D 1 d04172sc13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 MANNATECH, INCORPORATED - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.0001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 563771104 - -------------------------------------------------------------------------------- (CUSIP NUMBER) Samuel L. Caster 600 South Royal Lane, Suite 200 Coppell, Texas 75019 Tel. No.: (972) 660-1990 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with copies to - J. Kenneth Menges, Jr., PC Akin, Gump, Strauss, Hauer & Feld, L.L.P. 1700 Pacific Avenue, Suite 4100 Dallas, Texas 75201-4618 (214) 969-2800 March 17, 2003 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box [ ] The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Samuel L. Caster - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 5,730,615 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 5,730,615 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,730,615 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) J. Stanley Fredrick - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 3,500,000 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 3,500,000 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,500,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Marlin Ray Robbins, Jr. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,973,009 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 1,973,009 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,973,009 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 4 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jett - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,206,625 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 1,206,625 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,206,625 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Harley Reginald McDaniel - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 521,050 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 521,050 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 521,050 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 6 of 14 - ------------------- CUSIP No. 563771104 13D - ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Donald William Herndon - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 336,000 OWNED BY ----------------------------------------- EACH REPORTING 8 SHARED VOTING POWER PERSON WITH 0 ----------------------------------------- 9 SOLE DISPOSITIVE POWER 336,000 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 336,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 7 of 14 SCHEDULE 13D This Schedule 13D (the "Schedule 13D"), relating to shares of common stock of Mannatech, Incorporated, a Texas corporation (the "Issuer"), is being filed on behalf of a group consisting of the following natural persons: Samuel L. Caster ("Caster"), J. Stanley Fredrick (Fredrick), Marlin Ray Robbins, Jr. ("Robbins"), Jett ("Jett"), Harley Reginald McDaniel, MD (McDaniel) and Donald William Herndon ("Herndon") (collectively, the "Group"). ITEM 1. SECURITY AND ISSUER Securities acquired: Shares of Common Stock, par value $0.0001 per share Issuer: Mannatech, Incorporated 600 South Royal Lane, Suite 200 Coppell, Texas 75019 ITEM 2. IDENTITY AND BACKGROUND (a) This statement is filed by: (i) Samuel L. Caster, Chairman of the Board of Issuer; (ii) J. Stanley Fredrick, board member of Issuer; (iii) Marlin Ray Robbins, Jr., board member of Issuer; (iv) Jett; (v) Harley Reginald McDaniel, MD; and (vi) Donald William Herndon. (b) The residence address of: (i) Caster is 2034 Beltline Road, Cedar Hill, Texas 75104; (ii) Fredrick is 3509 Wingren Drive, Irving, Texas 75062; (iii) Robbins is 1400 Deer Path, Flower Mound, Texas 75022; (iv) Jett is 59-340 Olomana Road, Kanuela, Hawaii 96743; (v) 4 Woodland Drive, Mansfield, Texas 76063; and (vi) Herndon is 1109 Alspaugh Lane, Grand Prairie, Texas 75052. (c) The principal occupation of: (i) Caster is Chairman of the Board of the Issuer; (ii) Fredrick is a consultant; (iii) Robbins is an independent associate of the Issuer; (iv) Jett is an independent associate of the Issuer; (v) McDaniel is a physician; and (vi) Herndon is a management employee of the Issuer. (d) None of the Group have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Group have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. (f) Each member of the Group is a United States citizen. Page 8 of 14 ITEM 3. SOURCE AND AMOUNT OF FUNDS As of March 17, 2003, the Group has invested $7,445,000 in the Issuer, including the following amounts for each member of the Group: (i) $10,000 for Caster; (ii) $2,275,000 for Fredrick; (iii) $2,500,000 for Robbins; (iv) $2,620,000 for Jett; (v) $40,000 for McDaniel; and (vi) Herndon has invested no monies to this date. The above amounts include any commissions incurred in making the investments. The source of these funds was the private funds of each member of the Group. ITEM 4. PURPOSE OF THE TRANSACTION Each Member of the Group acquired shares of Common Stock in order to: (i) enable the Issuer to qualify for the proposed controlled company exception rules as are expected to be promulgated under applicable rules of the SEC and NASDAQ, as required under the Sarbanes-Oxley Act; (ii) control the election of board members of the Issuer; and (iii) promote and protect the Issuer's existing network marketing model of distribution. Each Member of the Group reserves the right to acquire, or dispose of, additional securities of the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of March 17, 2003, the Group beneficially owns 13,267,299 shares of Common Stock of the Issuer, which represents 52.8% of the Issuer's outstanding shares of common stock, including the following amounts for each member of the Group: (i) Caster beneficially owns 5,730,615 shares of Common Stock of the Issuer, which represents 22.8% of the Issuer's outstanding shares of Common Stock; (ii) Fredrick beneficially owns 3,500,000 shares of Common Stock of the Issuer, which represents 14.0% of the Issuer's outstanding shares of Common Stock; (iii) Robbins beneficially owns 1,973,009 shares of Common Stock of the Issuer, which represents 7.8% of the Issuer's outstanding shares of Common Stock; (iv) Jett beneficially owns 1,206,625 shares of Common Stock of the Issuer, which represents 4.8% of the Issuer's outstanding shares of Common Stock; (v) McDaniel beneficially owns 521,050 shares of Common Stock of the Issuer, which represents 2.1% of the Issuer's outstanding shares of Common Stock; and (vi) Herndon beneficially owns 336,000 shares of Common Stock of the Issuer, which represents 1.3% of the Issuer's outstanding shares of Common Stock. Each percentage of beneficial ownership was calculated by dividing (i) the number of shares of Common Stock beneficially owned as of the date hereof, by (ii) 25,134,840 shares of Common Stock outstanding as of November 12, 2002 based upon the Issuer's Quarterly Report on Form 10Q filed with the Securities and Exchange Commission on November 14, 2002. (b) Each member of the Group has the power to vote and dispose of the shares of Common Stock held by such member. (c) The transactions in the Issuer's securities by each member of the Group during the last sixty days are listed as Annex A attached hereto and made a part hereof. (d) Not Applicable. Page 9 of 14 (e) Not Applicable. [ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER NOT APPLICABLE.] ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1 Joint Filing Agreement dated March 17, 2003, among Caster, Fredrick, Robbins, Jett, McDaniel and Herndon. Page 10 of 14 ANNEX A
Transaction Quantity Price per Group Member Date Buy/Sell (shares) Share ($) - ----------------------- ----------- -------- -------- --------- Marlin Ray Robbins, Jr. 12/16/02 Sell 300,000 $ 1.00 Jett 12/16/02 Buy 300,000 $ 1.00
Page 11 of 14 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 17, 2003 /s/ Samuel L. Caster ---------------------------------------- Samuel L. Caster /s/ J. Stanley Fredrick ---------------------------------------- J. Stanley Fredrick /s/ Marlin Ray Robbins, Jr. ---------------------------------------- Marlin Ray Robbins, Jr. /s/ Jett ---------------------------------------- Jett /s/ Harley Reginald McDaniel, MD ---------------------------------------- Harley Reginald McDaniel, MD /s/ Donald William Herndon ---------------------------------------- Donald William Herndon Page 12 of 14 INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- Exhibit 1 Joint Filing Agreement dated March 17, 2003, among Caster, Fredrick, Robbins, Jett, McDaniel and Herndon.
Page 13 of 14 EX-1 3 d04172exv1.txt JOINT FILING AGREEMENT EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of Mannatech, Incorporated, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings. The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of March 17, 2003. /s/ Samuel L. Caster --------------------------------------- Samuel L. Caster /s/ J. Stanley Fredrick --------------------------------------- J. Stanley Fredrick /s/ Marlin Ray Robbins, Jr. --------------------------------------- Marlin Ray Robbins, Jr. /s/ Jett --------------------------------------- Jett /s/ Harley Reginald McDaniel, MD --------------------------------------- Harley Reginald McDaniel, MD /s/ Donald William Herndon --------------------------------------- Donald William Herndon Page 14 of 14 -----END PRIVACY-ENHANCED MESSAGE-----