<SEC-DOCUMENT>0001193125-11-159032.txt : 20110606
<SEC-HEADER>0001193125-11-159032.hdr.sgml : 20110606
<ACCEPTANCE-DATETIME>20110606105551
ACCESSION NUMBER:		0001193125-11-159032
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110603
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110606
DATE AS OF CHANGE:		20110606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATURAL ALTERNATIVES INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000787253
		STANDARD INDUSTRIAL CLASSIFICATION:	MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
		IRS NUMBER:				841007839
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15701
		FILM NUMBER:		11894223

	BUSINESS ADDRESS:	
		STREET 1:		1185 LINDA VISTA DR
		CITY:			SAN MARCOS
		STATE:			CA
		ZIP:			92069
		BUSINESS PHONE:		6197447340

	MAIL ADDRESS:	
		STREET 1:		1185 LINDA VISTA DRIVE
		CITY:			SAN MARCOS
		STATE:			CA
		ZIP:			92069

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN ACQUISITIONS INC
		DATE OF NAME CHANGE:	19860929
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>pursuant to Section&nbsp;13 or 15(d) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>of the Securities Exchange Act of
1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>DATE OF REPORT </B>(Date of earliest event reported):<B> JUNE&nbsp;3, 2011 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>NATURAL ALTERNATIVES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="6"><B>INTERNATIONAL, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its
charter) </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>000-15701</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>84-1007839</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State of</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>file number)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1185 Linda Vista Drive</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>San Marcos, California 92078</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(760) 744-7340</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number)</B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ITEM&nbsp;8.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>OTHER EVENTS. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">On June&nbsp;3, 2011,
Natural Alternatives International, Inc., a Delaware corporation (&#147;NAI&#148;), issued a press release announcing that its Board of Directors has authorized the repurchase of up to $2&nbsp;million worth of its shares. Under the repurchase plan,
NAI may, from time to time, purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated transactions. A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and incorporated by reference
herein. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ITEM&nbsp;9.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FINANCIAL STATEMENTS AND EXHIBITS. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)
Exhibits. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release of NAI issued on June&nbsp;3, 2011.</FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Natural Alternatives International, Inc.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: June&nbsp;3, 2011</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Ken Wolf</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Ken Wolf</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Chief Financial Officer</B></FONT></TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P>
 <P STYLE="margin-top:72px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g195221g98u65.jpg" ALT="LOGO"> </P>
 <P STYLE="margin-top:10px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Natural Alternatives International, Inc. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Announces Stock Repurchase Plan </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>SAN MARCOS, Calif,</B>, June&nbsp;3, 2011 /PRNewswire via COMTEX/ &#151; Natural Alternatives International, Inc. (&#147;NAI&#148;) (Nasdaq: NAII), a leading formulator, manufacturer and marketer of
customized nutritional supplements, today announced its Board of Directors has authorized the repurchase of up to $2 million worth of its shares. Under the repurchase plan, NAI may, from time to time, purchase shares of its common stock, depending
upon market conditions, in open market or privately negotiated transactions. Based on the last sale price of NAI&#146;s common stock as reported by Nasdaq on June&nbsp;2, 2011, this authorization would be for the repurchase of approximately 600,000
shares. As of June&nbsp;2, 2011, NAI had approximately 7,119,736 shares of common stock outstanding. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:Times New Roman" SIZE="2">NAI, headquartered in
San Marcos, California, is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers. Our comprehensive partnership approach offers a wide range of innovative nutritional
products and services to our clients including: scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, marketing management and support, packaging and
delivery system design, regulatory review and international product registration assistance. For more information about NAI, please see our website at http://www.nai-online.com. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:Times New Roman" SIZE="2">This press release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts and
information. These statements represent our intentions, expectations and beliefs concerning future events, including, among other things, our expectations and beliefs with respect to our future financial and operating results, including the
</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:Times New Roman" SIZE="2">
amount of our future revenue and profits and our future financial condition, and the actual number of shares to be repurchased, if any, as well as future economic conditions and the impact of
such conditions on our business. We wish to caution readers these statements involve risks and uncertainties that could cause actual results and outcomes for future periods to differ materially from any forward-looking statement or views expressed
herein. NAI&#146;s financial performance and the forward-looking statements contained herein are further qualified by other risks including those set forth from time to time in the documents filed by us with the Securities and Exchange Commission,
including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="justify"><FONT STYLE="font-family:Times New Roman" SIZE="2">CONTACT &#150; Kenneth Wolf, Chief
Operating and Chief Financial Officer, Natural Alternatives International, Inc., at 760-736-7700 or <U>investor@nai-online.com</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Web site:
<U>http://www.nai-online.com</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">SOURCE &#150; Natural Alternatives International, Inc. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g195221g98u65.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g195221g98u65.jpg
M_]C_X``02D9)1@`!`0$`2`!(``#_X0"`17AI9@``24DJ``@````&`#$!`@`:
M````5@````$#!0`!````<`````,#`0`!`````````!!1`0`!`````0```!%1
M!``!````$PL``!)1!``!````$PL```````!/:2]'1E,L('=R:71E<B!V,#`N
M,#8N,#%0`*"&`0"/L0``_]L`0P`&!`4&!00&!@4&!P<&"`H0"@H)"0H4#@\,
M$!<4&!@7%!86&ATE'QH;(QP6%B`L(",F)RDJ*1D?+3`M*#`E*"DH_]L`0P$'
M!P<*"`H3"@H3*!H6&B@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H_\``$0@`=0!D`P$B``(1`0,1`?_$`!\```$%
M`0$!`0$!```````````!`@,$!08'"`D*"__$`+40``(!`P,"!`,%!00$```!
M?0$"`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:
M)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ
M@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2
MT]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!`0$!`0$!`0$`
M```````!`@,$!08'"`D*"__$`+41``(!`@0$`P0'!00$``$"=P`!`@,1!`4A
M,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H*2HU
M-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&AXB)
MBI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9
MVN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#`0`"$0,1`#\`^J:***`"H+^UAO[&
MXM+E=\%Q&T4B^JL,$?D:GHH!.VJ/(;F7Q?HZKI']OQ0S(K+`9[?S'G13C>&(
M"#CG!<8S@D=:9HOQ*O;#18H-7>RNM:!D$T`F)>/8FYB5C5CL&UFWG@AEP3G(
M];O;2WOK9[>\ACG@?AHY%#`_A7EOC&RMM&MKR#3;ZX>%HOL]Q`@2,9*G:I=6
M3+8*DC#.0`"0&Y9Z=&K3K^[..OW?U_6I)9?$ZXC=/[2MK:.W;RP\\HDMUB9]
M^%8D,HSM4`LPP3@],UC6WB?Q3=W5Y?0Z_90:4952!C`)Q+Q\VS8&;&_<JG;A
M@`<L>:V=8U.XN/%UW;^;/$9H+=-T/SD(8V<J(PZEN23D98$@#EJ[?PUH6EZ?
M%'=V.RX>1`$N2D8.P@<+L50`<`G`Y[]!0.<Z5*/-R:OY_I_78H^!M)U"W:]U
M3797DU*\(3:YSY<:,VT#T!R6VX&,XZYKJZ**1YU2;G+F84444$!1110`4450
MU^\>PT>YN8\>8BX4D9P20`?UK.M5C1IRJSVBFW\BHQ<FHKJ2:E?Q6$<;2*[M
M+((T1!EF)JAK^L36++#8VKW-RPR0$)51[XZU5U.WFOFTEX[ZVBO8TW*KCEW(
M!)Q^'I6QID-Y#$WV^Z%Q(QR-L80*/3CK7F.KB,3.=*G>*TM)6=M+OK>^MMG;
M?K<W4802D]7VU%TI[R2S1]16))VY*1@@*/0Y)YKD;^631-5EC>W$XG2X?=AF
M`B:1I&.4#/'@N`?D*MM3D'BNYKC_`!OBSG2Y\L3"X\E&C"!F!A=G1MI(#KN?
M!4D')7:=Q`/J4X<D5&][=7N*B^:=K;G)Z+JSZG;ZC+:R6EU97T=M;-=V<HGV
MRJFS`7*^6Q."K/M`.."<`^FZ);S6VGA;E429Y)9G1#D*7D9]N>,XW8SWQ7CO
MPU32WN;VWT26QCLK_;;%[;Y50!(UDWHP#K*Q7Y01M!<_,Q(!]QK1F^.M&7(O
MZT.;N=8U2PU,Q7MDLMF3Q-`C?=]>IY]JUY]1AAN[2!P^+H'RY,?+GT^IJZ<D
M$`X/K7+:EIU^9+9M0U:U,$4RNC2($)8=!Q7C5_K.#BW!N:;NKV]U7U3;:=FM
MM'8QCR5&KZ??J=3163'?RCQ*]D[*UO);B6+`'!S@\_G^5:U>E1KQK*7+T;7W
M&$H.-KA1116Q(5R+:G:SV>KV^LW+J@N658Q]_:""`/RK5\57<]CI\5Q;N5"3
MH9,=UYR/Y52MI-*N/$(%C:K=3.3)-<9RL?'&.U>%F5=SK*A"23V:E>TE--:)
M:NWR7=G71A:/.U]W2Q>T/2-/MHX[JUMG21UW`S<NH(Z>U;%07=Y!:!3<R",,
M<+D'FI89$FB22)@\;C<K#H17J8:G1H+V-*RMNE9?.QSS<IOFD.K)\0Z0VJV\
M7V>Z:TNX'$D4P3>`0P;#+D;ERJG&1RHJS#JEE-,D4=PK2.2%7!Y(ZU=K:G5A
M45X23]-07-3=]F>7?#31Y=0>:[N+^-K2UNDQ;P0[=\PM[?)9]Q.`5'R<8*\D
M]*]1K,T'3+;3+9X[.625,A,N02H0!`O`'0+CGGU)K3)P"3TJ[IZHTQ%7VD[A
M4-W:P7D#0W42R1GJK54?6].3.^Z1<=<@C%3V=_:WN?LLRRX&<J#BN;ZQAZW[
MOFB[]+I_@9\DX^]9HP;2+1=&UMT#2VTZI@&5OW;@X/!/I6AX3NIKS1DEN':1
M][`.PY(S3O$I@CT\2W5D+N)&&X=T7NPK-M+^#^T](L=&FS:!9'D4'/!!(!SS
MD'/YBO&C*.!Q2IW2CTBE9OGE%+39VL]5]QTM.K3OK?N_),ZBBBBOHCC.=U"_
MC&J7^FZLZI92PAHF(Q@8YY]<Y(^E3>$FCDLII+>T2VMC(1%@?,ZCNQ[FJ5[<
MZ?J@N4U:(03V$A;;NY=!Z'N#Q^GK6OX<GDN-&MI98HXBP.U(Q@!<G''TKY[!
MR]KCN;G4E:36GO6OJG?91;:2Z_([*BY:5K6V]/EZEG4D\RRD`.&X*M_=((P:
MS/#\I@GFT]QM`S+"OH,X9?\`@+9_`BM:]_X]G_#^=8^OQ26]Q%>VZYD0[P!W
M('S+_P`"4?FH]:[<;>E46)C]FU_1WO\`UWL94O>CR/J:,5LBZO//W\I<#T))
MR?QVK^56+N;R+:67&2BD@>I["H;.9+F4S1'=')#&RGV):H]4GB22TAFD2-7D
MWL78`87G_P!"VUT*<*=%S@]V]?-NR9%FY),H^&',375HQ)P5G4MU(<<_DP-;
MM<TD\4.OPRPRH\32-`S*P;A_G7I_M;Q72UCE<U[)TK_"VOU_"]OD577O<W<Q
MO$,:&&Z)4$M93$Y'7;M*_D2?SJWH0"Z+8!0`/(0\?[HJMK_^HN/^O&X_DE6M
M$_Y`NG_]>\?_`*"*FDDL?/\`P_Y#E_"7J7&&5((!!&,&N*L;^QTZ"_N3!':Z
MJ@,1A7[I.>"H/;IGZ5VU<F387.M7LFK)%%-8OO4C@21X^7<.Y''YBL,W4E*G
M*FTI:I<RT5UO?HTE==]47AFK236GD='IK3OI]NUWCSVC!?`QSBBH=$OGU*Q%
MR\)A5F.P$YRN>#17JX:<9THR@[II:OKYG/--2:9CW,&D>(@;L.T4EN?WP(PQ
M4=0P^G>K_A.[FO=&CEG"@ABB[1@;1TX_3\*JZYX9CO99+FSE-O<NI#`?=?/K
MZ9[U+:7"Z3>:;HRQ#8\1)DS_`!<D_F0?SKPZ$:N&Q?M<1%13T<EM-MI1NNC7
M7U.N3C.GRP=_+M;<T]5F2"PEED.$7&3^(J6[A%Q;M'G:3RK?W6'(/YXJ+4+)
M+Z(1R22*G.0F/FXQSD&I;6'[/`D7F/(%&`SX)Q^`KV>6<JDHR7NM)?G?\SEN
ME%-;F-X9CDAGO867;"NTQK_<R7W+^#9JZ(+;4+NX>>&*=(2(5$B!@"!EB,_4
M#_@-6!:!9KF6)V1YU`./X2`1N'OR/RJ#3=.>QED*W!:.3!,>S`!``R#U[5R4
ML/.E"G0<>:*;OMM=VT[>730TE-2;E>S,[7]/BM[1GLH8H6P6`C0+\Z?.IX]E
M8?C6Y:3K=6L,\9^21`X_$51U73)-0)4WCQ1%2NQ4'<8//TR/Q-/T73FTRV^S
MBX>:(?<#*!M]:*-.I2Q<G&G:#6^FZVTOYO\``)2C*FKO4@U__47'_7C<?R2I
M]*E2'0+*20X1+9"3[;156^T:>]W^=J4H#IY9"QJ/E[C\>]3V6EO;67V1[N26
M`)M4%0"OH0?:HA'$?6I5?9V35E=K?3L]M!MP]FHW)[34(;F4QJ'5\$X;'.,9
MZ'W'%<S!:6^N:A>S:FRHUG,RN!\NZ/L"?;!YJ[?Y\/6S7K,+AV?:J`;`6;JQ
MY/.!CC%-U#PL+S5IYOM#0VLN&=$ZLW?V]^_6N'%^WQ/+3E34Y1=Y1O96:?*V
M]M&ON]36GRPO).R>S_,U]*U&UO+9C9(_DQ-Y0PF!P!T]N:*MVEM%:6Z06Z!(
MD&`!17O4(U8TTJC7-ULM/D<LG%M\NQF:]IES>-#<Z?<M!=PYV\_*P]#6/I]M
MJMUXEM)]6@\LP1$!E'RMU[C(S\WZ5V%<WJ$OB&QO)I+=(KVU9B47;R@],#!_
MG7DYCA*5.I'$M3M=-J.JNMFU\MU\SHHU)-.&FW7_`#+OA[5I-2%U'<1K%<6\
MA1E7.,<X_D?RK7KCO#MOJ!O-7E>"2TN+A"\99#M#$GU]S5_0M?1]&EFU)]LM
MLP24[>3D\'`_+\*,NS/]U".);3:D[O2ZB^O9VUV"M0]YN&VGXE:35Y+J$R-J
M+VS.[1QVME&CS(02#YC2`JI&.<A0I.,G@GG+OQO=Z8[&*_AO$1E1H=0@$."3
MCF[B)@0\'A@,]NHKM[_2=-UU;:\*HTL?SP7**I9?^^@01[$$9`XR!3GT83)Y
M=W?WUQ!C'E;UB7\?+521[$X]J]Q24E=;!&I3C\2^7]+_`"9Q+>.87DDBUV2Z
MTVZWA!;)(B6RJ<[6:[!*X(Y^\IP1A"1FMBVUC55LVN(9()M-A)#7*H+C"CDM
MN$B%U'/.T$XR`W4WU\&:7:[CHIN=&+=5T^39$?<PL#$3[E*RI?AIHUW<))JD
M=M>@-N;=IUJC2<\!G6,-C_=*U1IST'MI\OR_X<ZK1KY[Z&;SDC6:"4PN8GWQ
ML0`<J?Q&1V((YQDW99%BB>1SA4!8GV%4+:\TVSF&F6IAA\B/(AB3:D:CMP,#
MZ5B6=[>ZQIVMSDL;9D:.")5R<X/X]Q^=>=B,QI4VH0]Z3YMM;<JN[]NB^9SJ
MBY-RV6GXD.H37/B'PO+/Y&'CN`8DC!)8=/\`V8_E4T&GZUJTD?\`:TOV6U0@
M^7&1N?'T/\_RJGI$OB"VL4L;/3]@&3YDJXQDY[G%==I<=U%8QI?RK-<C.]U&
M!UKQ,!AXX^2G6Y[\JYM.6+:Z/9O?IIIJ=-6;HIJ-M].K1:HHHKZL\\****`.
M;O;/Q%'<S/8WT4D+L2JN!E?;D=OK6;HL4-C+J,>L7EDRW(Q*BR98,"<@C'N>
ME=M65=>'M+NIWFGM%,CG+$.RY/KP:\'$Y3-5(UL.^9IO2<FXJZL[+4ZX8A6<
M9JR\DKF)X$N]LUYI_FB2)#OB/J,X./T-=<DB29V.K8.#@YP:P-7T5X].\G0X
M((7/#OT<KZ!NOZUR2QW6EWRVJL\,\<32R;&^\P5F&<=0`!Q]?6N&&-KY-3AA
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MD=[<?:)P22^,?A5NBBOI*<%3@H+9=]?Q.)N[NPHHHJQ!1110`4444`%1?9H/
M-DD\I/,D&UVV\L.F#[445+BI;H:;11TG1K73K>>)$$BS.2V\9R,\+]`*T(8D
JAB2*)0D:#:JCL***SHX>E0BHTXI)#E.4G>3'T445L2%%%%`!1110!__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
