UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 |
Regulation FD Disclosure.
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An electronic copy of a 2022 New Year’s Message from the CEO of Nu Skin Enterprises, Inc. (the “Company”) is attached hereto as Exhibit 99.1. This message will first be
sent to the Company’s stockholders or to others on the date hereof.
The information furnished pursuant to this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 |
Financial Statements and Exhibits.
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(d) Exhibits.
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2022 New Year’s Message from the CEO of Nu Skin Enterprises, Inc.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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NU SKIN ENTERPRISES, INC.
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(Registrant)
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/s/ Mark H. Lawrence
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Mark H. Lawrence
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Chief Financial Officer
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Date: January 5, 2022
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Exhibit 99.1
New Year’s Message from CEO Ryan Napierski
Dear Nu Skin Team:
What a year 2021 was! In many respects, the past two years have been some of the most challenging of our collective lifetimes. The lingering global pandemic and
associated fatigue continue to disrupt everyone’s lives in various ways, including how we engage, connect, and relate with each other and the world around us.
Yet during this time of significant disruption, I find myself at the start of a new year reflecting on the “newness” that permeates nearly every facet of our
lives. The way we have learned to connect with one another virtually to strengthen bonds despite the distance; the economic growth that has emerged despite global supply chain constraints and inflationary pressures; and ultimately, our human capacity
to hold on when there is nothing but the will to do so — all of this inspires me in this new year to do more, become more and contribute more.
While the past 37 years for Nu Skin have been historic, I see an even brighter future as we lean into the rapidly evolving, digital-first, socially enabled
future. Technology is enabling us to live in a more integrated and personalized manner — from the ways we shop and receive goods, to the ways we communicate and consume content. Through connectivity, our lives have become digitally integrated with
more personalized experiences via our phones, home devices, cars and more. McKinsey estimates that the Internet of Things (IoT) will impact virtually all aspects of our lives, creating as much as $12.6 trillion in global economic value.1
Further, with the “great resignation,” we are seeing how technology is dramatically changing the way people work as they seek greater balance, flexibility and fulfillment in their lives. I think it’s fair to say we will see more change in this next
decade than we have experienced in the past several decades combined.
With all this change comes a heightened degree of uneasiness and anxiety for individuals, organizations and companies who may be unclear or uncertain about their
place in the rapidly evolving world. This uncertainty is not new. My grandfather often reminded me of the adage that “the only thing that is certain in this world is change.” How right he was, and how exciting this future is! With change comes new
ideas, a fresh outlook and optimism. And with Nu Skin, there is ever-expanding opportunity for those who desire a better life for themselves and their families.
As we embark on a new year together, there is much to accomplish as we chart a renewed course to achieve our mission of being a global force for good by
empowering people to improve lives. I have always believed that we have what the world needs. No matter one’s upbringing or origin, everyone wants to look, feel and live better. To achieve this mission, we have defined a Nu Vision 2025— to become the
world’s leading integrated beauty and wellness company, powered by our dynamic affiliate opportunity platform.
We expect to see this vision come to life as we execute our strategy in 2022 and beyond as follows:
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You will begin to experience an entirely new approach to beauty and wellness through EmpowerME, our strategy for personalized beauty and wellness. We will expand our Euromonitor-acclaimed
#1 beauty device systems brand2 as we introduce “connected beauty and body” with new IoT devices. Our leadership position in beauty device systems gives us unique nurture opportunities with customers and positions us to disrupt the
combined $1.2 trillion beauty and wellness industry.3
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You will see Nu Skin continue to leverage our unique person-to-person marketing model as we supercharge it with the power, scale and reach of social media to grow brand awareness and
engagement through our authentic global affiliate channel. We will continue to enhance our business model to enable greater flexibility and fulfillment for our brand affiliates around the world. Nu Skin will capitalize on the rapidly growing
global social commerce movement that is expected to grow from $585 billion in 2021 to $3.4 trillion by 2028.4
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We will create more enjoyable customer experiences as we accelerate our investments in our digital-first ecosystem. We will meet today’s consumer expectations while also expanding our
digital ecosystem to include new experiences, such as Nu Skin Vera and Nu Skin Stela. Our Vera app will provide customers with greater insights into their personal beauty and wellness journey. And our Stela app will better enable our
affiliates to attract, connect and nurture their customers and affiliate teams. We will also leverage our investments in manufacturing, as well as digital services, to further differentiate Nu Skin as the world’s leading integrated beauty and
wellness company, powered by our dynamic affiliate opportunity platform.
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In my nearly 27 years at Nu Skin, I’ve never been more confident in our future as we chart our Nu Vision 2025 course to lead the beauty and wellness industry
forward into a connected and personalized future. While there may be bumps in the road as we continue to transform our business, the outcome will be a more authentic, accessible and attainable future. We have what the world needs, and together with
our ever-expanding army of brand ambassadors in approximately 50 markets around the globe, we are uniquely positioned to scale our mission and take our vision to the world.
Thank you for partnering with us on this exciting journey ahead. Here’s to 2022 and beyond!
Ryan Napierski
President & CEO, Nu Skin Enterprises
1 McKinsey & Company, “IoT Value set to accelerate through 2030: Where and how to
capture it,” November 2021
2 Source Euromonitor International Limited; Retail Value RSP terms; all channels;
2017 to 2020. Beauty Systems are at-home Skin Care Beauty Devices that are exclusively paired or recommended to be used with a topical consumable of the same brand. Claim verification based on Euromonitor custom research and methodology conducted
January-March of 2021. Sales of at-home skin care beauty devices includes sales of electric facial cleansers as defined in Passport database. This category does not include hair care/removal appliances, body shavers, and oral care appliances.
3 Euromonitor International, Beauty and Personal Care Global Market Size, 2020; Euromonitor International, Health and Wellness Global Market Size,
2021.
4 Grandview Research, “Social Commerce Market Size, Share & Trends Analysis Report By
Business Model (B2C, B2B, C2C), By Product Type (Personal & Beauty Care, Apparel, Accessories), By Region, And Segment Forecasts, 2021 – 2028,” August 2021
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS: This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that represent the company’s
current expectations and beliefs. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws and include, but are not limited to, statements of management’s
expectations regarding the company’s performance, growth, future, vision, customers and sales force, products and product introductions, strategies, digital and other initiatives, features of our business model and compensation plan, and
investments; statements of belief; and statements of assumptions underlying any of the foregoing. In some cases, you can identify these statements by forward-looking words such as “expect,” “become,” “continue,” “opportunity,” “enable,” “will,”
“would,” “could,” “may,” “might,” the negative of these words and other similar words. We caution and advise readers that these forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and
outcomes to differ materially from any forward-looking statements or views expressed herein. These risks and uncertainties include, but are not limited to, factors related to the ongoing COVID-19 pandemic; legal and regulatory matters; negative
publicity; the risk that we may not be able to develop and bring to market the products and initiatives that we are planning, or that such products and initiatives could fail to generate interest among our sales force and customers; unpredictable
economic conditions; and competitive pressures in our markets. Our performance and the forward-looking statements contained herein are further qualified by a detailed discussion of the risks set forth in the documents we have filed with the
Securities and Exchange Commission, including our Annual Report on Form 10-K filed on February 11, 2021 and subsequent reports. The forward-looking statements set forth the company’s beliefs as of the date that such information was first provided,
and the company assumes no duty to update the forward-looking statements contained herein to reflect any change except as required by law.