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Form 8-K · Current Report · Filed 2024-06-14

Monster Beverage Appoints Emilie Tirre as Chief Commercial Officer and Elects Directors

On June 13, 2024, Monster Beverage Corporation announced the appointment of Emilie Tirre as Chief Commercial Officer, effective immediately.

Filer
Monster Beverage Corporation MNST · NASDAQ
Filed
Accession
0001104659-24-071717
CIK
0000865752
Signal
High impactConsumer Defensive

Details

The Compensation Committee approved an employment agreement with an annual base salary of $870,000, subject to annual review. At the Annual Meeting of Stockholders held on the same day, ten directors were re-elected, and the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified. Additionally, the compensation of the named executive officers was approved on a non-binding, advisory basis.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed
Item 5.07

Submission of Matters to a Vote of Security Holders

Director Elections Results Proxy Battle Won
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$48.72

Next session

+0.8%

Since filing

+97.8%

Latest close

$96.38

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MNST reporting the same item, with the next session's move:

Exhibits (1)

About Monster Beverage Corporation

Monster Beverage Corporation is a prominent company specializing in the creation and distribution of energy drinks. Known for its iconic Monster Energy brand, the corporation produces a diverse array of beverages targeted towards consumers seeking enhanced energy and focus. Monster Beverage plays a crucial role in the global energy drink market, offering products that cater to the tastes and preferences of both athletes and everyday individuals. Featuring bold flavors and active ingredients like caffeine and taurine, its drinks are designed to support high performance and endurance. The company’s influence extends across various sectors, impacting the beverage industry, retail distribution, and marketing. Based in the United States, Monster Beverage continues to drive innovation in energy drink formulations and is recognized for its vibrant branding and strategic partnerships with events and athletes worldwide. Through its extensive product lineup, Monster Beverage Corporation maintains a significant position in energizing consumers and shaping trends in the functional beverage market.

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