Nautilus amends supply agreement with Land America
Nautilus (NYSE: NLS) has extended the terms on its supply agreement with Land America and Treuriver Investments for Bowflex gyms, according to a filing with the SEC.
Land America and Treuriver supply the company with contract manufacturing services for its Bowflex rod-based home gyms and other branded products. Originally set to expire on Dec. 31, 2010, the terms of the supply agreement have been extended through Dec. 31, 2011.
The addendum is effective on Jan. 1, 2011, and includes modifications to certain terms, including the adoption of a revised per unit product pricing schedule and the elimination of minimum volume purchase requirements.
--Compiled by Wendy Geister
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