Current Report Filing (8-k)
March 13 2020 - 4:50PM
Edgar (US Regulatory)
0000865752
false
0000865752
2020-03-12
2020-03-13
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):
March 13, 2020
Monster Beverage Corporation
(Exact name of registrant as specified in
its charter)
Delaware
(State or other jurisdiction of incorporation)
001-18761
|
|
47-1809393
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(Commission File Number)
|
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(IRS Employer Identification No.)
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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
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Trading Symbol(s)
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Name of each exchange on which
registered
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Common Stock
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MNST
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Nasdaq Global Select Market
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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 8.01. Other Events.
On March 13, 2020, the Board of Directors
of Monster Beverage Corporation (the “Company”) authorized a new repurchase program for the repurchase of up to $500.0
million of the Company’s outstanding shares of common stock. As of March 11, 2020, approximately $536.6 million remained
available for repurchase under the Company’s previously authorized repurchase programs. The Company expects to make the share
repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other
transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. The timing of the
share repurchases will depend on a variety of factors, including market conditions, and the share repurchases may be suspended
or discontinued at any time.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit 104
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The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language).
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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.
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Monster Beverage Corporation
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Date: March 13, 2020
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/s/ Hilton H. Schlosberg
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Hilton H. Schlosberg
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Vice Chairman of the Board of Directors,
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President and Chief Financial Officer
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