Nature's Sunshine Products

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Nature's Sunshine Products, Inc.
Public
Traded asNASDAQNATR
Russell 2000 Index component
Industrymulti-level marketing
Founded1972
FounderGene Hughes
Kristine Hughes
HeadquartersLehi, Utah (United States
Area served
Worldwide
Key people
Terrence Moorehead (Chief Executive Officer)
Gregory L. Probert (Chairman of The Board)
ProductsDietary supplements
RevenueUS$ 324.705 million (2015) [1]
US$ 13.872 million (2015) [1]
US$ 13.656 million (2015) [1]
Total assetsUS$ 200.520 million (2015) [1]
Number of employees
901 (2015) [1]
SubsidiariesSynergy Worldwide [1]
Websitewww.naturessunshine.com

Nature's Sunshine Products, Incorporated (NASDAQNATR), also known as "NSP", is a manufacturer and multi-level marketer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.

History[edit]

Hydrate Bentonite from Nature's Sunshine Products

Nature's Sunshine was founded in 1972 by the Hughes family, who started encapsulating capsicum in their home kitchen. The company employs a multi-level marketing business model in which their products are primarily sold to the consumer by independent distributors who receive commissions based on their own sales, as well as sign-up bonuses and commissions based upon the sales of any distributors they may have recruited.

The company is divided into various segments in the U.S., including a U.S. Sales division, a Spanish language division, and an International division which oversees the corporation's foreign subsidiaries.

NSP also owns Synergy Worldwide, a multi-level marketing company that also sells nutritional supplements. Products for both companies are manufactured in a production and research facility located in Spanish Fork, Utah.

Products and manufacturing[edit]

Nature's Sunshine manufacturing processes are compliant with NSF/ANSI standards.

SEC bribery lawsuit[edit]

On July 31, 2009, the company agreed to pay $600,000 in fines after being charged by the SEC with having bribed Brazilian officials with more than $1,000,000 in 2000 and 2001. This was done "so it could import unregistered nutritional products into the country, and then falsified its books to hide the payments."[2][3][4]

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References[edit]

  1. ^ a b c d e f "Annual Report of the company for 2015" (PDF).
  2. ^ Grace Leong. Nature's Sunshine pays $600K to settle bribery charges. Daily Herald, August 1, 2009
  3. ^ Harvey, Tom (July 31, 2009). "SEC fines Nature's Sunshine for bribing Brazilian officials". The Salt Lake Tribune. Archived from the original on August 4, 2009.
  4. ^ "Securities and Exchange Commission v Nature's Sunshine Products, Inc., et al. Civil No. 2:09cv0672" (PDF). United States District Court, District Of Utah, Central Division. July 31, 2009. Retrieved December 9, 2016.

External links[edit]