Monster Beverage Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Monster Beverage Corporation will hold its 2024 Annual Meeting of Stockholders virtually on June 13, 2024, with electronic voting available.</b>

AI Summary

Monster Beverage Corp (MNST) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. The Annual Meeting of Stockholders for Monster Beverage Corporation will be held virtually on June 13, 2024, at 2:30 p.m. local time. Stockholders can access the virtual meeting and vote electronically via live webcast at www.virtualshareholdermeeting.com/MNST2024. The proxy is solicited by the Board of Directors for the company. The meeting will include a report on the company's business and a Q&A session for stockholders. Stockholders are encouraged to vote by telephone, internet, or by returning a proxy card if printed materials were requested.

Why It Matters

For investors and stakeholders tracking Monster Beverage Corp, this filing contains several important signals. The shift to a virtual-only meeting format aims to provide meaningful stockholder access and participation, allowing for electronic voting and questions. The proxy statement solicits votes for matters to be decided at the meeting, emphasizing the importance of stockholder participation in corporate governance.

Risk Assessment

Risk Level: low — Monster Beverage Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing no new financial or operational disclosures that would significantly alter the risk profile.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals and vote their shares to influence corporate governance decisions.

Key Numbers

• June 13, 2024 — Annual Meeting Date (Date of Annual Meeting of Stockholders)
• 2:30 p.m. — Meeting Time (Local time for the virtual meeting)

Key Players & Entities

• Monster Beverage Corporation (company) — Registrant name
• June 13, 2024 (date) — Date of Annual Meeting
• www.virtualshareholdermeeting.com/MNST2024 (url) — Link to virtual meeting
• Hansen Natural Corp (company) — Former company name
• Unipac Corp (company) — Former company name

FAQ

Risk Factors

• Proxy Solicitation Rules [low — regulatory]: The filing must comply with SEC rules for proxy statements, including disclosure requirements and filing deadlines.

Industry Context

Monster Beverage Corporation operates in the non-alcoholic beverage industry, specifically focusing on energy drinks and alternative beverages.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for any proposals or director elections.
2. Access the virtual meeting on June 13, 2024, to participate and ask questions.
3. Vote your shares electronically or by proxy to ensure your voice is heard.

Key Dates

• 2024-06-13: Annual Meeting of Stockholders — Key date for stockholder participation and voting.
• 2024-04-26: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement (This filing type indicates the company is formally soliciting proxies from shareholders for an upcoming meeting.)

Proxy

A document authorizing someone to act on behalf of another person, in this case, a shareholder authorizing the board to vote their shares. (Essential for shareholders who cannot attend the meeting but wish to have their votes counted.)

Year-Over-Year Comparison

This filing is a standard proxy statement for the 2024 annual meeting, similar in format and purpose to previous years' filings.

Key Financial Figures

• $0.005 — d the Company's common stock, par value $0.005 per share ("Common Stock"), at the clos
• $12,500 — tor and has agreed to pay approximately $12,500 plus reasonable expenses for such servi
• $22.58 — ase 4,428 common shares, exercisable at $22.58 per share, granted pursuant to a stock
• $21.99 — e 630,000 common shares, exercisable at $21.99 per share, granted pursuant to a stock
• $23.14 — e 611,000 common shares, exercisable at $23.14 per share, granted pursuant to a stock
• $29.37 — e 528,000 common shares, exercisable at $29.37 per share, granted pursuant to a stock
• $29.84 — e 583,200 common shares, exercisable at $29.84 per share, granted pursuant to a stock
• $31.20 — e 382,800 common shares, exercisable at $31.20 per share, granted pursuant to a stock
• $44.47 — e 259,800 common shares, exercisable at $44.47 per share, granted pursuant to a stock
• $36.62 — e 194,266 common shares, exercisable at $36.62 per share, granted pursuant to a stock
• $50.82 — se 61,000 common shares, exercisable at $50.82 per share, granted pursuant to a stock

Filing Documents

• tm242702d2_def14a.htm (DEF 14A) — 1124KB
• tm242702d1_def14aimg001.jpg (GRAPHIC) — 233KB
• tm242702d1_def14aimg002.jpg (GRAPHIC) — 116KB
• tm242702d1_def14aimg003.jpg (GRAPHIC) — 91KB
• tm242702d1_def14aimg004.jpg (GRAPHIC) — 80KB
• tm242702d1_def14aimg005.jpg (GRAPHIC) — 99KB
• 0001104659-24-053090.txt (&nbsp;) — 3621KB
• mnst-20231231.xsd (EX-101.SCH) — 9KB
• mnst-20231231_def.xml (EX-101.DEF) — 8KB
• mnst-20231231_lab.xml (EX-101.LAB) — 30KB
• mnst-20231231_pre.xml (EX-101.PRE) — 10KB
• tm242702d2_def14a_htm.xml (XML) — 243KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Monster Beverage Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. MONSTER BEVERAGE CORPORATION 1 Monster Way Corona, California 92879 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD JUNE 13, 2024 April 26, 2024 Dear Stockholder: You are cordially invited to attend the Annual Meeting of Stockholders of Monster Beverage Corporation (the "Company") to be held on Thursday, June 13, 2024 at 2:30 p.m. local time (the "Annual Meeting"). Similar to last year, we will conduct our Annual Meeting exclusively as a virtual meeting via live webcast. You will not be able to attend the Annual Meeting in person. We believe that a virtual meeting will provide meaningful stockholder access and participation. During the virtual meeting, you may ask questions and will be able to vote your shares electronically. Stockholders can access the Annual Meeting by visiting: www.virtualshareholdermeeting.com/MNST2024 . This proxy is solicited on behalf of the Board of Directors of the Company. In addition to the specific matters to be voted on at the Annual Meeting that are listed in the accompanying notice, there will be a report on the Company's business and an opportunity for stockholders of the Company to ask questions. I hope that you will be able to join us. Your vote is important to us and to our business. I encourage you to vote by telephone, over the internet, or if you requested to receive printed proxy materials, by marking, signing, dating and returning your proxy card so that your shares will be represented and voted at the Annual Meeting, whether or not you plan to attend. If you attend the Annual Meeting via live webcast, you will, of course, have the right to revoke the proxy and vote your shares electronically. The proxy materials, including this proxy statement and our Annual Report to Stockholders for the fiscal year ended December 31, 2023, are being distributed and made available on or about April 26, 2024. Sincerely, /s/ Rodney C. Sacks Rodney C. Sacks Chairman of the Board of Directors MONSTER BEVERAGE CORPORATION NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD JUNE 13, 2024 TO THE STOCKHOLDERS OF THE COMPANY: NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of Monster Beverage Corporation ("Monster" or the "Company") will be held on Thursday, June 13, 2024 at 2:30 p.m. local time (the "Annual Meeting"). This year's Annual Meeting will be exclusively conducted as a virtual meeting via live webcast. You will be able to attend the Annual Meeting, vote your shares electronically and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/MNST2024 . You will not be able to attend the Annual Meeting in person. Additional information regarding attending the Annual Meeting, voting your shares and submitting questions can be found in the Proxy Statement for the Annual Meeting of Stockholders (the "Proxy Statement"). The Annual Meeting is being held for the following purposes: 1. To elect ten directors to serve until the 2025 annual meeting of stockholders of the Company; 2. To ratify the appointment of Ernst & Young LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024; 3. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers; and 4. To transact such other business as may properly come before the meeting or any adjournment or postponement thereof. The foregoing items of business are more fully described in the Proxy Statement accompanying this Notice. Only stockholders of the Company of record at the close of business on April 22, 2024 are entitled to notice of, and to vote at, the Annual Meeting and any adjournment or postponement thereof. All stockholders of the Company are cordially invited to attend the Annual Meeting via live webcast at www.virtualshareholdermeeting.com/MNST2024 and use their 16-digit control number provided in the Notice of Internet Availability of Proxy Materials or on the proxy card. We encourage stockholders to log in to this website and access the webcast before the Annual Meeting's start time. Please note that there is no in-person annual

View Full Filing

View this DEF 14A filing on SEC EDGAR