Every material Form 8-K NATURAL ALTERNATIVES INTERNATIONAL INC has filed with the SEC since December 17, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Natural Alternatives International said Chief Financial Officer Michael E. Fortin has resigned effective May 15, 2026, to become CFO of another company. President Kenneth E. Wolf, a former CFO, will serve as principal financial and principal accounting officer while the company searches for a replacement.
Michael E. Fortin resigns as CFO effective May 15, 2026
Fortin is leaving for a CFO role at another company with increased responsibilities
Kenneth E. Wolf, President and former CFO, will act as principal financial and principal accounting officer
The company is seeking a replacement CFO; no successor is named in the filing
Natural Alternatives International's CEO, Mark A. LeDoux, will have his U.S. base salary reduced from $475,000 to $255,000 per year, effective May 1, 2026, as part of an amended employment agreement. He is also taking on the role of Managing Director of the company's Swiss subsidiary under a separate agreement, with a base salary of 170,000 Swiss francs per year, and has committed to spend at least half his time in Switzerland.
U.S. base salary reduced from $475,000 to $255,000 per year, effective May 1, 2026
Certain other company benefits otherwise paid to all officers are also reduced
Separate Swiss employment agreement sets base salary at 170,000 Swiss francs per year, effective May 1, 2026
Company states combined U.S. and Swiss compensation is intended to be approximately the same, subject to currency variations
Natural Alternatives International said it missed two covenants of its Wells Fargo credit agreement for the fiscal first quarter ended September 30, 2025. On December 17, 2025 the company and Wells Fargo signed a Waiver and Release Agreement under which the bank waived all defaults and confirmed the credit agreement remains in full force. The filing does not disclose dollar amounts, but the covenant breach matters to shareholders because it shows the company was out of compliance with its loan terms until the waiver.
Missed maximum net loss and fixed charge coverage ratio covenants for fiscal Q1 ended September 30, 2025
Waiver and Release Agreement with Wells Fargo dated December 17, 2025, effective as of December 12, 2025
Wells Fargo waived all defaults and confirmed the credit agreement remains in full force and effect
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