UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MANNATECH, INC.
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
563771203
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(CUSIP Number)
December 31, 2014
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on following pages
Page 1 of 5 Pages
SCHEDULE 13G
CUSIP No.: 563771203 Page 2 of 5 Pages
.................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Michael Challen
.................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ] N/A
.................................................................................
3. SEC Use Only
.................................................................................
4. Citizenship or Place of Organization
USA
.................................................................................
Number of 5. Sole Voting Power 228,758
Shares
Beneficially ................................................................
Owned by Each
Reporting 6. Shared Voting Power 0
Person With ................................................................
7. Sole Dispositive Power 228,758
................................................................
8. Shared Dispositive Power 0
.................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
228,758
.................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
N/A
.................................................................................
11. Percent of Class Represented by Amount in Row (9)
8.6
.................................................................................
12. Type of Reporting Person:
IN
CUSIP No.: 563771203 Page 3 of 5 Pages
Item 1(a). Name of Issuer:
MANNATECH, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
600 SOUTH ROYAL LANE
SUITE 200
COPPELL TX 75019
Item 2(a). Name of Person Filing:
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
Michael Challen
Item 2(b). Address of Principal Business Office or, if None, Residence:
2786 Puesta Del Sol
Santa Barbara, CA 93105
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common
Item 2(e). CUSIP Number:
563771203
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c),
Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a) Amount Beneficially Owned
As of December 31, 2014, Michael Challen may be deemed to be the
beneficial owner of 228,758 common shares.
Item 4(b) Percent of Class:
The number of Shares which Michael Challen may be deemed to be the
beneficial owner of constitutes approximately 8.6% of the total
number of common shares outstanding.
Page 4 of 5 Pages
Item 4(c) Number of Shares of which such person has:
Michael Challen
(i) Sole power to vote or direct the vote: 228,758
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 228,758
(iv) Shared power to dispose or direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class:
This item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that,
to the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 5 of 5 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Michael Challen
Date: February 5, 2015
By: /s/ Michael Challen
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Name: Michael Challen