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Mannatech in NASDAQ

This article was originally published in The Tan Sheet

Executive Summary

The Coppell, Tex.-based dietary supplement marketer now is included in the new NASDAQ Global Select Market, Mannatech announces June 28. The NASDAQ Global Select Market "has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements," the firm explains. Previously, Mannatech had been listed on the NASDAQ National Market. NASDAQ will implement its new three-tiered listing classification system beginning July 3. All NASDAQ-listed companies will be classified under three tiers: NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market, Mannatech explained. Additionally, Terence O'Day has been appointed as executive vice president of global operations, the firm announces in a separate, same-day release. O'Day "will be responsible for all aspects of supply chain operations including global raw materials, contract manufacturing, product warehousing and logistics, global facilities procurement, regulatory affairs, and quality assurance," the company states...
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