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Medifast Inc. (MED)

31.71 Up 0.81(2.62%) Oct 21, 4:02PM EDT
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Medifast Inc.
11445 Cronhill Drive
Owings Mills, MD 21117
United States - Map
Phone: 410-581-8042

Index Membership:N/A
Industry:Specialty Retail, Other
Full Time Employees:808

Business Summary 

Medifast, Inc. is engaged in the production, distribution, and sale of weight loss and weight management products and other consumable health and diet products. It operates through two segments, Medifast and MWCC and Wholesale. The company offers bars, bites, pretzels, puffs, cereal crunch, drinks, eggs, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups under the Medifast and Essential 1 brands and for private label customers. It also provides nutritional products; and meal replacements comprising vitamins and minerals, as well as other nutrients essential for good health. The company operates Medifast weight control centers that offer programs for weight loss and maintenance, customized patient counseling, InBody composition analysis, and monitoring with a BodyGem that determines resting metabolic rates. As of December 31, 2013, Medifast, Inc. operated weight control centers in 75 locations; and 41 franchise centers. The company sells its products through various channels of distribution comprising the Internet, call center, independent health advisors, medical professionals, weight loss clinics, and direct consumer marketing. Medifast, Inc. was founded in 1980 and is headquartered in Owings Mills, Maryland.

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Corporate Governance 
Medifast Inc.’s ISS Governance QuickScore as of Oct 1, 2014 is 10. The pillar scores are Audit: 5; Board: 9; Shareholder Rights: 7; Compensation: 10.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Michael C. MacDonald , 61
Chairman, Chief Exec. Officer and Chairman of Exec. Committee
Ms. Margaret E. MacDonald-Sheetz MBA, 37
Pres, Chief Operating Officer, Director and Member of Exec. Committee
Mr. Timothy G. Robinson CPA, 51
Chief Financial Officer and Principal Accounting Officer
Mr. Jason L. Groves Esq., 43
Exec. VP, Gen. Counsel, Director and Member of Exec. Committee
Ms. Jeannette M. Mills BSEE, MBA, 47
Exec. VP of Take Shape for Life
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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