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Get filing alertsRed Flags Detected
- Going Concern (new) — The outgoing auditor's most recent report included a going-concern warning, which is a material risk signal.
- Auditor Change (new) — The company dismissed its auditor, and the prior audit opinion contained going-concern language, making this a reportable auditor change.
Mannatech dismisses BDO as auditor after going-concern warning, hires CBIZ
Filed October 21, 2026 · Period ending October 15, 2026 · ~1 min read
Key Changes
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high
Audit Committee dismissed BDO USA as independent auditor effective October 15, 2026.
Item 4.01 verify on EDGAR → -
high
BDO's fiscal 2025 report contained a going-concern paragraph citing substantial doubt about Mannatech's ability to continue.
Item 4.01 verify on EDGAR → -
medium
Company states no disagreements with BDO on accounting principles, disclosures, or audit scope during fiscal 2024-2025 and interim 2026.
Item 4.01 verify on EDGAR → -
medium
CBIZ CPAs engaged as new independent auditor for fiscal 2026, starting with Q3 2026 review.
Item 4.01 verify on EDGAR →
Summary
Mannatech's Audit Committee dismissed BDO USA as its independent auditor on October 15, 2026, and immediately engaged CBIZ CPAs for fiscal 2026. The company states there were no disagreements with BDO on accounting matters during the relevant periods, which suggests the change was not driven by a dispute over financial reporting.
Section-by-Section Diff
Event · Item 4.01 — Changes in Registrant's Certifying Accountant
Item 4.01 — Changes in Registrant's Certifying Accountant filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
BDO's report for the fiscal year ended December 31, 2025 contained an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.
BDO's audit report for fiscal 2025 included a going-concern explanatory paragraph, indicating substantial doubt about the company's ability to continue operating. This is a significant risk disclosure for investors.
Added in current filing · verify on EDGAR →
During the fiscal years ended December 31, 2025 and 2024 and the subsequent interim period through October 15, 2026, there were no "disagreements" (as defined in Item 304(a) (1) (iv) of Regulation S-K and the related instructions) with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to BDO's satisfaction, would have caused BDO to make reference to the subject matter thereof in connection with its reports.
The company states there were no disagreements with BDO on accounting principles, financial statement disclosure, or auditing scope during the relevant periods. This suggests the dismissal was not driven by a dispute over accounting treatment.
Added in current filing · verify on EDGAR →
On October 15, 2026, the Audit Committee approved the engagement of CBIZ CPAs P.C. ("CBIZ") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026, beginning with the review of the Company's condensed consolidated financial statements for the quarter ended September 30, 2026.
The Audit Committee engaged CBIZ CPAs P.C. as the new independent auditor for fiscal 2026, starting with the Q3 2026 review. The company also states it did not consult CBIZ on any specified transactions or reportable events during the prior periods.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 21, 2026 · How we verify