-----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, IGBYkyC3J0A/pxXbH4iFw0ZQEGKsWKbntxVs5QmvxoQWZ70bNLGcnP7AbLOOy/B3 xtINXbfYNrPKMuolPmyu5g== 0001104659-06-019948.txt : 20060328 0001104659-06-019948.hdr.sgml : 20060328 20060328172834 ACCESSION NUMBER: 0001104659-06-019948 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060327 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060328 DATE AS OF CHANGE: 20060328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATURES SUNSHINE PRODUCTS INC CENTRAL INDEX KEY: 0000275053 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 870327982 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08707 FILM NUMBER: 06716067 BUSINESS ADDRESS: STREET 1: 75 E 1700 SOUTH CITY: PROVO STATE: UT ZIP: 84606 BUSINESS PHONE: 8013424300 MAIL ADDRESS: STREET 2: 75 EAST 1700 SOUTH CITY: PROVO STATE: UT ZIP: 84606 FORMER COMPANY: FORMER CONFORMED NAME: AMTEC INDUSTRIES INC DATE OF NAME CHANGE: 19821108 8-K 1 a06-7845_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

United States

Securities and Exchange Commission

Washington, D.C.  20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported):  March 27, 2006

 

 

Nature’s Sunshine Products, Inc.

(Exact name of registrant as specified in its charter)

 

Utah

0-8707

87-0327982

(State or other jurisdiction of
incorporation)

(Commission File Number)

(IRS Employer Identification
Number)

 

75 East 1700 South

Provo, Utah  84606

(Address of principal executive offices) (Zip Code)

 

(801) 342-4300

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 to Form 8-K):

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 24.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 40.13e-4(c))

 

 



 

Item 5.02             Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

 

On March 27, 2006, Stephen M. Bunker was appointed as Vice President-Finance and Chief Financial Officer to replace Craig D. Huff, Executive Vice President-Finance, Chief Financial Officer and Treasurer of Nature’s Sunshine Products, Inc. (the “Company”), who resigned from the Company to pursue other interests on March 27th.  Mr. Huff will continue to consult with the Company.

 

Mr. Bunker, who is 48 years old, was Vice President of Finance and Treasurer of Geneva Steel LLC since July 2001 where he had broad accounting and financial responsibilities.  He joined Geneva’s predecessor company in September 1990 as Corporate Controller.  Geneva Steel LLC and its predecessor, Geneva Steel Company, were in the steel production business.  Geneva Steel LLC has been in bankruptcy since January 2002 and is in the process of liquidating its assets.  A Certified Public Accountant, Mr. Bunker previously was in accounting and audit with Arthur Andersen LLP in Salt Lake City, Utah for six years. Mr. Bunker graduated from Brigham Young University with a Masters of Accountancy as well as a B.S., Cum Laude, in accounting.

 

The Company is in the process of negotiating the terms of an employment agreement with Mr. Bunker and will file a brief description of the terms of such agreement by amendment to this Current Report on Form 8-K/A when the agreement is finalized.

 

On March 28, 2006, the Company issued a press release announcing the appointment of Mr. Bunker and the resignation of Mr. Huff.  A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01             Financial Statements and Exhibits.

(d)           The following exhibit is being furnished herewith:

                                                99.1         Press release issued by the Company dated March 28, 2006.

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

March 28, 2006

By:

NATURE’S SUNSHINE PRODUCTS, INC.

 

 

 

 

 

/s/ Douglas Faggioli

 

Name:

Douglas Faggioli

 

Title:

President, Chief Executive Officer and Director

 

3



 

EXHIBIT INDEX

 

Number

 

Exhibit

 

 

 

99.1

 

Text of press release issued by Nature’s Sunshine Products, Inc. dated March 28, 2006.

 

4


EX-99.1 2 a06-7845_1ex99d1.htm EXHIBIT 99

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

 

NATURE’S SUNSHINE APPOINTS STEPHEN M. BUNKER

AS VICE PRESIDENT-FINANCE AND CFO

 

 

PROVO, UTAH, March 28, 2006 — Nature’s Sunshine Products, Inc. (NASDAQ:NATRE), a leading manufacturer and marketer of encapsulated herbs and vitamins, has appointed Stephen M. Bunker, a highly experienced financial executive, as Vice President-Finance and Chief Financial Officer, it was announced today by Douglas Faggioli, President and Chief Executive Officer.

 

                Mr. Bunker was Vice President of Finance and Treasurer of Geneva Steel since July 2001 where he had broad accounting and financial responsibilities.  He joined Geneva’s predecessor company in September 1990 as Corporate Controller.  A CPA, Mr. Bunker previously was in accounting and audit with Arthur Andersen LLP in Salt Lake City, Utah for six years. Mr. Bunker graduated from Brigham Young University with a Masters of Accountancy as well as a B.S., Cum Laude, in accounting. At Nature’s Sunshine, he succeeds Craig Huff, who has resigned as Chief Financial Officer yesterday to pursue other interests.  Mr. Huff will continue to consult with the Company.

 

                “Steve’s strong background in public accountancy and his extensive experience with a public company will greatly benefit Nature’s Sunshine, and we are very pleased to have him join our team,” said Mr. Faggioli.  “Despite the recent challenges faced by our Company, we continue to focus on its future opportunities. We know that Steve, with his exceptional educational background and business acumen, will serve Nature’s well and that he will play an important role as we work to resolve these issues and move forward.  We wish Craig, who has been with Nature’s Sunshine for many years, well in his new endeavors.”

 

About Nature’s Sunshine

 

Nature’s Sunshine Products manufactures and markets through direct sales encapsulated and tableted herbal products, high quality natural vitamins, and other complementary products. In addition to the United States, the Company has operations in Japan, Mexico, Central America, South Korea, Canada, Dominican Republic, Venezuela, Ecuador, Peru, the United Kingdom and Ireland, Colombia, Brazil, Thailand, Israel, Singapore and Taiwan.  The Company also has exclusive distribution agreements with selected companies in Argentina, Australia, Chile, New Zealand, Norway, and the Russian Federation.

 

Statements in this press release concerning the Company’s business outlook or future economic performance, together with other statements that are not historical facts, are “forward-looking statements” as that term is defined under Federal Securities Laws. 

 



 

“Forward-looking statements” are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from those set forth in such statements.  Such risks, uncertainties, and factors include, but are not limited to, the results of Company’s ongoing internal investigation, the impact of the delisting of the Company’s common stock and failure to file periodic reports, foreign business risks, industry cyclicality, fluctuations in customer demand and order pattern, and changes in pricing and general economic conditions, as well as other risks detailed in the Company’s filings with the Securities and Exchange Commission. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this press release.

 

Contact:

Douglas Faggioli

 

Steven S. Anreder

Chief Executive Officer

 

Anreder & Co.

Nature’s Sunshine Products, Inc.

 

10 East 40th Street, Suite1308

Provo, Utah 84605-9005

 

New York, NY 10016

(801) 342-4407

 

(212) 532-3232

 

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