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Date of Report (Date of earliest event reported)
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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(Address of principal executive offices and zip code)
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(
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(Registrant's telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report)
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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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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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Item 7.01 |
Regulation FD Disclosure.
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Item 9.01 |
Financial Statements and Exhibits.
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99.1 |
Letter to Shareholders, excerpted from the Nu Skin Enterprises, Inc. 2019 Annual Report to Shareholders.
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document).
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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: April 21, 2020
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• |
Completing our global rollout of Velocity, our compensation program enhancement
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• |
Significantly advancing our technology infrastructure
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• |
Achieving relative stability in customer counts throughout the year
|
• |
Strong performance from our manufacturing partners with 35 percent growth for the year
|
• |
Generating more than $175 million in cash flow from operations
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• |
Increasing our dividend for the 18th consecutive year
|
• |
Steady progress in our sustainability efforts, including aggressive goals for the future
|
• |
Engaging Technology Platforms—In 2019 we increased the scalability and flexibility of our
technology infrastructure. For 2020 we are focusing on enhancing customer experiences across all of our digital properties. This is especially important as more than 80 percent of our global revenue and 90 percent of global transactions
now take place online. We have also added and will continue to enhance our ability to conduct trainings, meetings, and business activities on mobile devices.
|
• |
Enabling Products—Last year we successfully brought to market our new Galvanic Spa
device, continuing to build on the success of our top-ranked at-home beauty device systems brand. In the second half of 2020 we plan to further solidify our world-leading position as we launch our next hero product, an innovative beauty
device system targeting the emerging skin care enthusiast market. This will be our first hero product launch since ageLOC LumiSpa in Q4 2017, and we believe it will have a similar positive impact on our business.
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• |
Empowering Programs—During the past year, we completed the global rollout of Velocity in
all markets except Mainland China, which deploys a different incentive plan. In 2020 we will continue to optimize Velocity to meet localized needs as a key part of our effort to attract and retain sales leaders by enhancing their
productivity, while we also expand our customer loyalty programs around the world to improve retention and lifetime value.
|
Document and Entity Information |
Apr. 21, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 21, 2020 |
Entity Registrant Name | NU SKIN ENTERPRISES, INC. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-12421 |
Entity Tax Identification Number | 87-0565309 |
Entity Address, Address Line One | 75 West Center Street |
Entity Address, City or Town | Provo |
Entity Address, State or Province | UT |
Entity Address, Postal Zip Code | 84601 |
City Area Code | 801 |
Local Phone Number | 345-1000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001021561 |
Title of 12(b) Security | Class A Common Stock, $.001 par value |
Trading Symbol | NUS |
Security Exchange Name | NYSE |
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