Monster Beverage Corp. Elects New Directors, Appoints Co-CEOs

Ticker: MNST · Form: 8-K · Filed: 2025-04-17T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-of-directors

TL;DR

Monster Beverage just swapped out some board members and named Sacks & Schlosberg as Co-CEOs. Big leadership shakeup.

AI Summary

Monster Beverage Corp. announced on April 14, 2025, changes in its executive and director roles. The company elected two new directors, Rodney Sacks and Hilton Schlosberg, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with key executives, including Rodney Sacks as Chairman and Co-Chief Executive Officer, and Hilton Schlosberg as President and Co-Chief Executive Officer.

Why It Matters

This filing indicates significant leadership changes at Monster Beverage, potentially impacting strategic direction and operational oversight.

Risk Assessment

Risk Level: medium — Changes in key leadership roles can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

Monster Beverage Corporation (company) — Registrant
Rodney Sacks (person) — Elected Director, Chairman and Co-Chief Executive Officer
Hilton Schlosberg (person) — Elected Director, President and Co-Chief Executive Officer
April 14, 2025 (date) — Date of earliest event reported

FAQ

Who were the newly elected directors?

Rodney Sacks and Hilton Schlosberg were elected as new directors to the Board of Directors.

What are the new roles for Rodney Sacks and Hilton Schlosberg?

Rodney Sacks was appointed Chairman and Co-Chief Executive Officer, and Hilton Schlosberg was appointed President and Co-Chief Executive Officer.

When were these changes effective?

The changes were effective as of April 14, 2025.

What is the company's principal executive office address?

The principal executive offices are located at 1 Monster Way, Corona, California 92879.

What is Monster Beverage Corporation's IRS Employer Identification Number?

The IRS Employer Identification Number for Monster Beverage Corporation is 47-1809393.

From the Filing

0001104659-25-036037.txt : 20250417 0001104659-25-036037.hdr.sgml : 20250417 20250417162827 ACCESSION NUMBER: 0001104659-25-036037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250414 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250417 DATE AS OF CHANGE: 20250417 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 EIN: 471809393 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-18761 FILM NUMBER: 25847680 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 8-K 1 tm2512421d1_8k.htm FORM 8-K false 0000865752 0000865752 2025-04-14 2025-04-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): April 14, 2025   Monster Beverage Corporation (Exact name of registrant as specified in its charter)   Delaware (State or other jurisdiction of incorporation)   001-18761   47-1809393 (Commission File Number)   (IRS Employer Identification No.)   1 Monster Way Corona , California 92879 (Address of principal executive offices and zip code)   ( 951 ) 739 - 6200 (Registrant’s telephone number, including area code)   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:  Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   MNST   Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨         Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.     On April 14, 2025, Gary P. Fayard, currently a director on the Board of Directors (the “Board”) of Monster Beverage Corporation (the “Company”), provided notice to the Board and management of the Comp