On March 6, Nature's Sunshine Products Inc. (
) released a press statement along with their quarterly earnings
that CEO Michael Dean would be resigning effective March 31,
2013. The executive chairman, Gregory Probert, will step up and
become an interim CEO until the board of directors appoints a new
In preparing for the resignation of Dean, Nature's Sunshine
Director Willem Mesdag purchased 367,447 shares of NATR on March
11 for $14.16 per share. The total transaction amount was $5.2
million. The director now holds 2,350,049 shares of Nature's
Willem Mesdag has had an extensive career in international
investment banking and finance. Mesdag is currently on the board
of directors for Encore Capital Group (
) and Nature's Sunshine. He has experience and expertise related
to business and financial issues. Mesdag received his J.D. from
Cornell Law School and his B.A. from Northwestern University.
Nature's Sunshine is a health and wellness company based out of
Lehi, Utah. Nature's Sunshine manufactures, sells and markets
tablets and encapsulated herbal products, natural vitamins, food
supplements and skin care products. The company opened in 1972
and was the first company to put herbs in a pill form. The market
cap for Nature's Sunshine is $246.05 million.
Nature's Sunshine had a pretty strong 2012. Its net income for
2012 was $25.4 million as compared to $17.6 million in 2011, a
44.2% increase. Its basic and diluted net income per share was
$1.62 and $1.59, respectively. The company saw a 0.1% decrease in
net sales from 2011. Net sales for 2012 were $376.5 million in
comparison to $376.8 million in 2011.
"Now that the Company has made significant progress and is well
positioned for future growth, this is an appropriate time for me
to exit," said CEO Michael Dean. "I am pleased to leave the
Company stronger than ever and in capable hands with an
outstanding team and talented, loyal sales managers and
Two gurus followed by GuruFocus hold shares in Nature's Sunshine.
holds 44,695 shares of NATR and
currently owns 72,400 shares.
With its shares up 0.93% this morning, Nature's Sunshine trades
For more information on insider trades within Nature's Sunshine,
look at Nature's Sunshine's Market Overview.About GuruFocus:
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