Monster Beverage Corp Files Definitive Proxy Statement

Ticker: MNST · Form: DEF 14A · Filed: 2024-04-26T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, governance, annual-meeting

TL;DR

Monster Beverage Corp DEF 14A filed. Annual meeting June 13, 2024. Vote your shares!

AI Summary

Monster Beverage Corp filed its definitive proxy statement (DEF 14A) on April 26, 2024, for its annual meeting on June 13, 2024. The filing details the company's governance and executive compensation practices. It also confirms the company's name change from Hansen Natural Corp in 1993.

Why It Matters

This filing provides shareholders with crucial information regarding company governance and executive compensation, enabling informed voting decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: low — This is a routine proxy statement filing, not indicating any immediate financial or operational risks.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxy votes from shareholders for an upcoming meeting, providing details on matters to be voted upon, director nominees, executive compensation, and other corporate governance information.

When is Monster Beverage Corp's annual meeting scheduled?

Monster Beverage Corp's annual meeting is scheduled for June 13, 2024.

What was Monster Beverage Corp's former name?

Monster Beverage Corp was formerly known as Hansen Natural Corp, with a name change occurring on March 28, 1993.

What is the filing date of this DEF 14A?

This Definitive Proxy Statement was filed on April 26, 2024.

What is the company's primary business as indicated by its SIC code?

The company's Standard Industrial Classification (SIC) code is 2086, which corresponds to 'BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS'.

From the Filing

0001104659-24-053090.txt : 20240426 0001104659-24-053090.hdr.sgml : 20240426 20240426171530 ACCESSION NUMBER: 0001104659-24-053090 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240613 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monster Beverage Corp CENTRAL INDEX KEY: 0000865752 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 471809393 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-18761 FILM NUMBER: 24885253 BUSINESS ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 BUSINESS PHONE: 909-739-6200 MAIL ADDRESS: STREET 1: 1 MONSTER WAY CITY: CORONA STATE: CA ZIP: 92879 FORMER COMPANY: FORMER CONFORMED NAME: HANSEN NATURAL CORP DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: UNIPAC CORP DATE OF NAME CHANGE: 19600201 DEF 14A 1 tm242702d2_def14a.htm FORM-DEF14A     UNITED STATES SECURITIES AND EXCHANGE COMMISSION   Washington, D.C. 20549   SCHEDULE 14A   Proxy Statement Pursuant to Section 14(a) of 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 co

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