LFVN · LifeVantage Corporation

LifeVantage Corporation is undergoing a significant leadership transition. Steven R. Fife is retiring as President, CEO, and Board member effective April 30, 2026. He will serve as an Executive Advisor through September 11, 2026, to ensure a smooth handover. To bridge the gap between Fife's departure and the start of the new CEO, the Board has appointed current director Michael Beindorff as Interim CEO from May 1, 2026, to August 4, 2026. Beindorff will receive $45,833 per month for his services under an independent contractor arrangement and will step down from the Compensation and Nominating Committees during his interim tenure.

Terrence O. Moorehead has been appointed as the new President and CEO, effective August 5, 2026. Moorehead, 63, brings over 25 years of experience in retail consumer products and direct selling, previously serving as CEO of Nature’s Sunshine Products, Inc. and holding various leadership roles at Avon Products, Inc. His compensation package is substantial, featuring an $850,000 base salary, a target bonus of 100% with a guaranteed minimum for the first year, and a total equity award value of $7.5 million split between time-based RSUs and performance-based PSUs. The company has structured severance terms providing 18 months of continued salary and health coverage in the event of termination without cause, aligning executive incentives with shareholder interests during this pivotal leadership change.