Monster Beverage Corp Files 8-K on Financials & Governance

TL;DR

Monster Beverage dropped an 8-K detailing financials, exec changes, and governance updates. Keep an eye on this.

AI Summary

Monster Beverage Corporation filed an 8-K on November 7, 2024, reporting on its results of operations and financial condition as of November 6, 2024. The filing also covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements. Additionally, it addresses amendments to articles of incorporation or bylaws and changes in the fiscal year, along with financial statements and exhibits.

Why It Matters

This 8-K filing provides crucial updates on Monster Beverage's financial performance and corporate governance, which are key factors for investors assessing the company's stability and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting on operational results and corporate governance, not indicating any immediate or significant negative events.

Key Players & Entities

• Monster Beverage Corporation (company) — Registrant
• November 6, 2024 (date) — Earliest event reported
• November 7, 2024 (date) — Date of report

FAQ

Filing Documents

• tm2427782d1_8k.htm (8-K) — 30KB
• tm2427782d1_ex3-2.htm (EX-3.2) — 132KB
• tm2427782d1_ex99-1.htm (EX-99.1) — 288KB
• tm2427782d1_ex99-1img01.jpg (GRAPHIC) — 5KB
• 0001104659-24-115332.txt ( ) — 688KB
• mnst-20241106.xsd (EX-101.SCH) — 3KB
• mnst-20241106_lab.xml (EX-101.LAB) — 33KB
• mnst-20241106_pre.xml (EX-101.PRE) — 22KB
• tm2427782d1_8k_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On November 7, 2024, Monster Beverage Corporation (the "Company") issued a press release relating to its financial results for the third quarter ended September 30, 2024, a copy of which is furnished as Exhibit 99.1 hereto. The press release did not include certain financial statements, related footnotes and certain other financial information that will be filed with the Securities and Exchange Commission as part of the Company's Quarterly Report on Form 10-Q. On November 7, 2024, the Company will conduct a conference call at 2:00 p.m. Pacific Time. The conference call will be open to all interested investors through a live audio web broadcast via the internet at www.monsterbevcorp.com in the "Events & Presentations" section. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.

02. Departure of Directors or Certain

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 6, 2024, the Board of Directors (the "Board") of the Company elected Mr. William "Bill" W. Douglas III to serve as a director of the Company, effective January 1, 2025. Mr. Douglas will receive customary fees and equity awards from the Company for serving as a director in accordance with the Company's non-employee director compensation program. Additional information on Mr. Douglas is provided below: William "Bill" W. Douglas III —Lead Director of SiteOne Landscape Supply and Director of Coca-Cola Hellenic. Since 2016, Mr. Douglas has served on the boards of SiteOne Landscape Supply, Inc. ("SiteOne") and Coca-Cola Hellenic Bottling Company. Before his retirement in June 2016, Mr. Douglas served as the Executive Vice President, Supply Chain of Coca-Cola Enterprises, Inc. ("CCE") and prior to that, served as executive vice president and chief financial officer, controller, and principal accounting officer, among other roles. Prior to CCE, Mr. Douglas served as chief financial officer of Coca-Cola HBC. Mr. Douglas also currently serves on the boards of North Highland ESOP and Classic City Bank.

03. Amendments to Articles of Incorporation or Bylaws;

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On November 6, 2024, the Board approved and adopted the Fourth Amended and Restated By-laws of the Company (the "By-laws"), effective the same day. The By-laws reflect the adoption of a majority voting standard for the election of director nominees, with a plurality vote standard retained for contested director elections. The amendments affected by the By-laws also account for recent changes to the Delaware General Corporation Law and a periodic review of the By-laws. This description of the amendments to the By-laws does not purport to be complete and is qualified in its entirety by reference to the complete text of the By-laws, which are attached hereto as Exhibit 3.2 and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit 3.2 Fourth Amended and Restated By-laws of Monster Beverage Corporation Exhibit 99.1 Press Release dated November 7, 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: November 7, 2024 /s/ Hilton H. Schlosberg Hilton H. Schlosberg Vice Chairman of the Board of Directors and Co-Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR