Sixth graph, fifth sentence of release dated December 14, 2012, should read: Mr. Stambaugh attended the University of Nebraska Omaha (sted Mr. Stambaugh has a bachelor’s degree in Education from the University of Nebraska Omaha).
The corrected release reads:
USANA ANNOUNCES MANAGEMENT TEAM TRANSITION
USANA Health Sciences, Inc. (NYSE: USNA), a global nutritional company, today announced the reorganization of its management team.Doug Hekking is stepping aside as the Company’s Chief Financial Officer to return to a strategic role that will support the Company’s finance and operations groups. Mr. Hekking’s decision to change roles was prompted by his need to attend to family health matters and his desire to serve in a more targeted role within the Company. The Company thanks Mr. Hekking for serving as CFO and supports his decision to attend to the needs of his family. Paul Jones, who is currently serving as the Company’s Vice President of Human Resources, has been named as interim CFO. Mr. Jones has been with USANA since 2005. Prior to joining the Company, he worked with Associated Food Stores, Inc. as Vice President of Operations - Dan’s Foods; Vice President of Farr West Operations; and Vice President of Human Resources. Mr. Jones is a Certified Management Accountant and holds a master’s degree in organizational management from the University of Phoenix and a bachelor’s degree in finance from Utah State University. Mr. Hekking will be working closely with Mr. Jones during a transition period. The Company has also accepted the resignation of Chief Operating Officer, Roy Truett. The Company expresses gratitude to Mr. Truett for his contributions to the Company during his years of service and wishes him the best in his future endeavors. With Mr. Truett’s departure, Jim Brown, who was recently promoted to Chief Production Officer for his expertise in operations and production, will direct operations and report directly to the CEO.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts