Erin K. Barta
About Erin K. Barta
Erin K. Barta is General Counsel and Corporate Secretary of Mannatech (MTEX). She joined the company in November 2006 as Senior Corporate Counsel, was named Assistant General Counsel in March 2009, and has served as General Counsel and Corporate Secretary since August 2013, overseeing Legal, Business Ethics, and Regulatory Affairs . Her education includes a B.S. from Texas Woman’s University and a J.D. from Texas Wesleyan University (now Texas A&M University School of Law) . As of June 11, 2024, Ms. Barta was 54 years old . Company performance context during recent years shows declining revenue from FY 2022 to FY 2024 and modest EBITDA, reflecting operational headwinds (see table below) *.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Mannatech, Incorporated | Senior Corporate Counsel | Nov 2006–Mar 2009 | Supported corporate legal function during international direct selling operations |
| Mannatech, Incorporated | Assistant General Counsel | Mar 2009–Aug 2013 | Expanded responsibilities; groundwork for GC role |
| Mannatech, Incorporated | General Counsel & Corporate Secretary | Aug 2013–Present | Leads Legal, Business Ethics, and Regulatory Affairs |
| Metromedia Restaurant Group (subsidiary of Metromedia Company) | Corporate Counsel / Senior Corporate Counsel | Pre-2006 (years not disclosed) | Corporate legal support in consumer services |
External Roles
No external public company board roles are mentioned in the company’s disclosures reviewed; Ms. Barta serves as corporate/IR contact in recent releases .
Fixed Compensation
- Ms. Barta is not identified as a Named Executive Officer (NEO) in MTEX’s scaled proxy disclosures for 2021–2024; therefore, base salary, target bonus, and actual bonus paid are not disclosed for her (NEO lists focus on CEO/President, COO/CSMO, and CFO) .
Performance Compensation
- No RSU/PSU or option grant detail, performance metrics, weighting, targets, or payouts are disclosed for Ms. Barta in proxy statements; MTEX’s 2017 Stock Incentive Plan authorizes equity awards generally, but award specifics for Ms. Barta are not provided .
Equity Ownership & Alignment
- Beneficial ownership tables list directors and NEOs; Ms. Barta is not included, so her direct/indirect holdings, options, and percentage ownership are not disclosed .
- MTEX states it does not have stock ownership guidelines for its Named Executive Officers; no separate executive ownership guidelines for non-NEOs (including Ms. Barta) are disclosed .
- No disclosures found regarding pledging or hedging by Ms. Barta .
Employment Terms
- Specific employment agreement terms (severance multiples, change-in-control triggers, non-compete duration and scope) for Ms. Barta are not disclosed. In 2020, only the CEO had a formal employment agreement; executive agreements include confidentiality, non-disparagement, and non-compete/non-solicit covenants (during employment and for one year post-termination) where applicable .
- Plan-level treatment under the 2017 Stock Incentive Plan: upon termination for cause, outstanding options are forfeited; upon termination other than for cause/death/disability, exercisable options may be exercised for up to three months; upon death/disability, exercisable options may be exercised for up to 12 months. “Cause” and “Disability” follow plan/employment agreement definitions .
- Compensation governance: the Compensation and Stock Option Plan Committee (independent directors) sets executive/director compensation; membership has included Jobe, Rameson, Seifrick (chair in 2024), with prior participation by Toth before retirement .
Company Performance Context (for pay-for-performance benchmarking)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $137,208,000 | $131,955,000 | $117,866,000 |
| EBITDA ($USD) | $1,259,000* | $702,000* | $2,969,000* |
*Values retrieved from S&P Global.
Investment Implications
- Compensation visibility: As a non-NEO, Ms. Barta’s cash and equity pay is not disclosed, limiting direct pay-for-performance analysis and visibility into vesting overhang or insider selling pressure specific to her .
- Alignment: Absence from beneficial ownership tables and lack of executive ownership guidelines for NEOs suggests limited public data on her “skin-in-the-game,” making ownership alignment assessment inconclusive .
- Retention risk: Nearly two decades at MTEX and a decade-plus as GC/Corporate Secretary point to institutional knowledge and continuity in legal/regulatory oversight—generally a stabilizing factor for governance risk .
- Governance watch items: Continue monitoring 8-K Item 5.02 for any changes to executive arrangements; note related-party financing at 16% with board-linked lenders (indicative of capital constraints), which elevates governance scrutiny for the company broadly rather than Ms. Barta specifically .
- Performance backdrop: Revenue declined from FY 2022 to FY 2024 while EBITDA remained modest, underscoring operational execution challenges; incentive frameworks for NEOs emphasize cash bonuses via a Management Non-Equity Incentive Plan, but equity usage is limited and not disclosed for Ms. Barta .