<SEC-DOCUMENT>0001193125-23-080461.txt : 20230327
<SEC-HEADER>0001193125-23-080461.hdr.sgml : 20230327
<ACCEPTANCE-DATETIME>20230327161557
ACCESSION NUMBER:		0001193125-23-080461
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230327
DATE AS OF CHANGE:		20230327

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERBALIFE NUTRITION LTD.
		CENTRAL INDEX KEY:			0001180262
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32381
		FILM NUMBER:		23764711

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 309GT
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		310 410 9600

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 309GT
		STREET 2:		UGLAND HOUSE, SOUTH CHURCH STREET
		CITY:			GEORGE TOWN
		STATE:			E9
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HERBALIFE LTD.
		DATE OF NAME CHANGE:	20041214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WH HOLDINGS CAYMAN ISLANDS LTD
		DATE OF NAME CHANGE:	20020814
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d480531ddefa14a.htm
<DESCRIPTION>DEFA14A
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<TITLE>DEFA14A</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:arial" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:17pt; font-family:arial" ALIGN="center"><B>SCHEDULE 14A
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:arial" ALIGN="center"><B>PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:arial" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:arial" ALIGN="center"><B>(AMENDMENT
NO.&nbsp;&nbsp;&nbsp;&nbsp;) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial">Filed by the
Registrant&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9746;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filed by a Party other
than the Registrant&nbsp;&nbsp;<FONT STYLE="font-family:Times New Roman">&#9744;</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial">Check the appropriate box: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Preliminary Proxy Statement </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;<B>Confidential, for Use of the Commission Only (as permitted by Rule <FONT
STYLE="white-space:nowrap">14a-6(e)(2))</FONT></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Definitive Proxy Statement </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9746;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Definitive Additional Materials </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Soliciting Material under <FONT STYLE="white-space:nowrap">&#167;240.14a-12</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:21pt; font-family:arial" ALIGN="center"><B>HERBALIFE NUTRITION LTD. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:arial" ALIGN="center"><B>(Name of Registrant
as Specified In Its Charter) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:7pt; font-family:arial" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial">Payment of Filing Fee (Check all boxes that apply): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT
STYLE="font-family:Times New Roman">&#9746;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No fee required. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Fee paid previously with preliminary materials. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:arial"><FONT STYLE="font-family:Times New Roman">&#9744;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules <FONT
STYLE="white-space:nowrap">14a-6(i)(1)</FONT> and <FONT STYLE="white-space:nowrap">0-11.</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:arial" ALIGN="center"><FONT COLOR="#6bf900">Herbalife Nutrition Ltd. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:arial" ALIGN="center"><B>SUPPLEMENT TO PROXY STATEMENT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:arial" ALIGN="center"><B>FOR THE ANNUAL
GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL&nbsp;26, 2023 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial">On March&nbsp;14, 2023, Herbalife Nutrition Ltd. (the &#147;Company&#148;) made available to
shareholders and filed with the Securities and Exchange Commission (the &#147;SEC&#148;) its Notice of Annual General Meeting of Shareholders and Proxy Statement relating to the Company&#146;s 2023 Annual General Meeting of Shareholders, to be held
on Wednesday, April&nbsp;26, 2023, or any adjournment or postponement thereof (the &#147;Annual General Meeting&#148;). This Supplement to the Proxy Statement is being made available to shareholders to update the information set forth in the Proxy
Statement in Part 1, &#147;Our annual general meeting of shareholders&#148;, regarding the effect of the &#147;broker <FONT STYLE="white-space:nowrap">non-vote&#148;</FONT> rules to Proposal 4: Approve, as a special resolution, the name change of
the Company from &#147;Herbalife Nutrition Ltd.&#148; to &#147;Herbalife Ltd.&#148; (the &#147;Name Change Proposal&#148;). This Supplement is first being made available to shareholders on or about March&nbsp;27, 2023. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial">This Supplement does not modify or supplement any proposal to be presented for consideration at the Annual General Meeting nor does it amend, revise or otherwise update
any disclosure or other information set forth in the Proxy Statement other than as expressly set forth herein. This Supplement should be read in conjunction with the Proxy Statement, as each contains information that is important to your decisions
in voting at the Annual General Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial" ALIGN="center"><B>Voting </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The
Proxy Statement indicated that, absent specific instructions from a client, a broker or nominee would not have the discretion to vote Common Shares held in &#147;street name&#148; by a client on the Name Change Proposal. Subsequent to filing the
Proxy Statement with the SEC, the Company has been advised by the New York Stock Exchange (the &#147;NYSE&#148;) that the NYSE considers the Name Change Proposal to be a &#147;routine&#148; matter and, therefore, a broker or nominee who has not
received voting instructions from its clients with respect to the Name Change Proposal will have the discretion to vote such uninstructed Common Shares on the Name Change Proposal. Accordingly, the Company is hereby updating the information in the
Proxy Statement to clarify that, in addition to Proposal 6: Ratify, on an advisory basis, the appointment of PricewaterhouseCoopers LLP as the Company&#146;s independent registered public accounting firm for fiscal year 2023, brokers will be
permitted to exercise their discretion to vote uninstructed Common Shares on the Name Change Proposal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial" ALIGN="center"><B>Votes required for proposals and Board
recommendations </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The following table updates the information originally set forth in the Proxy Statement in the &#147;Effect of Broker <FONT
STYLE="white-space:nowrap">Non-Votes&#148;</FONT> column for the Name Change Proposal. No other information, including the Board&#146;s recommendation on how to vote on the Name Change Proposal, the votes required to adopt the proposal and the
effect of abstentions, has been changed. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="23%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="15%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="18%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="15%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-size:1pt" BGCOLOR="#6bf900">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#6bf900" STYLE="page-break-inside:avoid ; font-family:arial; font-size:10pt">
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; line-height:14pt; font-size:10pt; font-family:arial"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Proposal</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Voting&nbsp;Options</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Board<BR>Recommendation</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Vote&nbsp;Required<BR>to&nbsp;Adopt&nbsp;the<BR>Proposal</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Effect of<BR>Abstentions</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:6pt ;"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Effect&nbsp;of<BR>Broker<BR><FONT STYLE="white-space:nowrap">Non-Votes</FONT></FONT></B></FONT></TD></TR>


<TR STYLE="font-size:1pt" BGCOLOR="#eaefed">
<TD HEIGHT="5" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-TOP:2.00pt solid #ffffff">&nbsp;</TD></TR>
<TR BGCOLOR="#eaefed" STYLE="page-break-inside:avoid ; font-family:arial; font-size:10pt">
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:10pt; font-family:arial">Item 4: Approve, as a special resolution, the name change of the Company from &#147;Herbalife
Nutrition Ltd.&#148; to &#147;Herbalife Ltd.&#148;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">For, Against or Abstain</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"><B><FONT COLOR="#6bf900">FOR</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">66.67% of the shares represented in person or by proxy and entitled to vote</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:arial">and which do vote</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">No effect</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" STYLE="padding-bottom:4pt ;">Brokers have discretion&nbsp;to vote</TD></TR>
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