“It is a honor and pleasure to work with such a talented team with diverse backgrounds yet vast experiences with the direct selling industry.”
J. Stanley Fredrick** is Mannatech’s Chairman of the Board. He has served as a Class II Director on our Board of Directors since September 2001 and as of April 15, 2014, collectively owned 12.4% of our common stock. From November 2003 through January 2009, Mr. Fredrick served as the Lead Director for our Board of Directors and in January 2009 he was elected Chairman of the Board and continues to serve in that capacity. Mr. Fredrick currently is the owner of Fredrick Consulting Services, which provides consulting services to the direct selling industry. In 2003, Mr. Fredrick was a founding board member of Professional Bank in Dallas, Texas, which is a boutique bank that provides certain financial resources to its customers. He co-founded Cameo Couture, Inc., which operated as Colesce Couture, a distributor of intimate apparel, and Colony House, Inc., a private label cookware company, both of which operated through direct selling channels. Mr. Fredrick also co-founded Irving National Bank Shares, a commercial bank holding company and served as a consultant to the bank from 1994 until it was sold in 2000. He currently serves on the Board of Directors of Independent Bank of Texas and Wineshop at Home, a party plan company. Mr. Fredrick has been actively involved for over 40 years in the Direct Selling Association, a national trade association of leading firms that manufacture and distribute goods and services directly to consumers. He has served on the Direct Selling Association’s Board and various committees of their Board. From 1987 to 1988, Mr. Fredrick served as Chairman of the Direct Selling Association and from 1988 to 1990; he served as Chairman of the Direct Selling Education Foundation. He currently serves as chairman of their Development Committee. He has been inducted into the Direct Selling Association’s highest honor, the “Hall of Fame,” and inclusion in the Direct Selling Education Foundation “Circle of Honor.” Mr. Fredrick received a B.A. degree in English from Central State University, in Edmond, Oklahoma.