Monster Beverage Corp Files 8-K
Ticker: MNST · Form: 8-K · Filed: Aug 19, 2024 · CIK: 865752
| Field | Detail |
|---|---|
| Company | Monster Beverage CORP (MNST) |
| Form Type | 8-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $500.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, regulatory-filing
Related Tickers: MNST
TL;DR
MONSTER files 8-K, no major news, just routine update.
AI Summary
Monster Beverage Corporation filed an 8-K on August 19, 2024, to report other events and financial statements. The filing does not contain specific details about new agreements, acquisitions, or significant financial changes, but serves as a standard regulatory update.
Why It Matters
This filing is a routine update for Monster Beverage Corp, indicating no immediate material changes or significant events requiring immediate disclosure beyond standard reporting.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and financial statements, with no specific material events detailed, suggesting low immediate risk.
Key Players & Entities
- Monster Beverage Corporation (company) — Registrant
- August 19, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Monster Beverage Corporation?
The primary purpose of this 8-K filing is to report 'Other Events' and to include financial statements and exhibits as required by the SEC.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is August 19, 2024.
What is Monster Beverage Corporation's principal executive office address?
Monster Beverage Corporation's principal executive office is located at 1 Monster Way, Corona, California 92879.
What is the IRS Employer Identification Number for Monster Beverage Corporation?
The IRS Employer Identification Number for Monster Beverage Corporation is 47-1809393.
Does this 8-K filing disclose any specific new material events or agreements?
Based on the provided text, this 8-K filing is categorized under 'Other Events' and does not explicitly detail any specific new material events or agreements.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-08-19 16:26:50
Key Financial Figures
- $500.0 million — ase program for the repurchase of up to $500.0 million of the Company's outstanding shares of
Filing Documents
- tm2422043d1_8k.htm (8-K) — 25KB
- tm2422043d1_ex99-1.htm (EX-99.1) — 12KB
- tm2422043d1_ex99-1img001.jpg (GRAPHIC) — 4KB
- 0001104659-24-090857.txt ( ) — 214KB
- mnst-20240819.xsd (EX-101.SCH) — 3KB
- mnst-20240819_lab.xml (EX-101.LAB) — 33KB
- mnst-20240819_pre.xml (EX-101.PRE) — 22KB
- tm2422043d1_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On August 19, 2024, the Board of Directors of Monster Beverage Corporation (the "Company") authorized a new repurchase program for the repurchase of up to $500.0 million of the Company's outstanding shares of common stock. As of August 19, 2024, no amount remained available for repurchase under the Company's previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions, and the share repurchases may be suspended or discontinued at any time. Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit 99.1 Press Release dated August 19, 2024. Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language).
SIGNATURES
SIGNATURES 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. Monster Beverage Corporation Date: August 19, 2024 /s/ Hilton H. Schlosberg Hilton H. Schlosberg Vice Chairman of the Board of Directors and Co-Chief Executive Officer