Item 7.01 Regulation FD Disclosure.
Nu Skin Enterprises, Inc. (the "Company") has reached a resolution with the U.S.
Securities and Exchange Commission (the "SEC"), which fully resolves the
Company's previously disclosed SEC investigation in its entirety. Pursuant to
the settlement, the SEC found that the Company's books and records and internal
controls related to a charitable contribution in China in 2013 were
insufficient, and the Company agreed to pay $765,688 to the SEC. In agreeing to
the settlement, the Company neither admitted nor denied the SEC's findings.
Based in part on the success of recent product introductions and favorable
currency trends, the Company currently anticipates delivering third-quarter
revenue at the high end of, or slightly above, its previous guidance of $560 to
The information furnished pursuant to this Item 7.01 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 (the "Securities Act"),
or the Exchange Act except as shall be expressly set forth by specific reference
in such filing.
Please Note: This report contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Exchange Act 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,
projections regarding revenue. In some cases, you can identify these statements
by forward-looking words such as "anticipate," "trend," "believe," "expect,"
"intend," "will," "would," "could," "may," "might," the negative of these words
and other similar words.
The 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, the following:
· any failure of current or planned initiatives or products to generate interest
among our sales force and customers and generate sponsoring and selling
activities on a sustained basis;
· risk of foreign currency fluctuations and the currency translation impact on
the company's business associated with these fluctuations;
· risks related to accurately predicting, delivering or maintaining sufficient
quantities of products to support our planned initiatives or launch strategies,
and increased risk of inventory write-offs if we over-forecast demand for a
product or change our planned initiatives or launch strategies;
· adverse publicity related to the company's business, products, industry or any
legal actions or complaints by the company's sales force or others;
· unpredictable economic conditions and events globally; and
· continued competitive pressures in the company's markets.
The company's financial performance and the forward-looking statements contained
herein are further qualified by a detailed discussion of associated risks set
forth in the documents filed by the company with the Securities and Exchange
Commission. 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 in this report to
reflect any change except as required by law.
NU SKIN ENTERPRISES, INC.
/s/ Ritch Wood
Chief Financial Officer
Date: September 20, 2016
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