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):  June 7, 2018

 

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:

 

o                                   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b- of this chapter).

 

Emerging growth company o

 

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 pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

The 2018 Annual Meeting of Stockholders (the “Annual Meeting”) of Monster Beverage Corporation (the “Company”) was held on June 7, 2018, at which the following matters were submitted to a vote of the stockholders.

 

Proposal No. 1.  To elect ten directors of the Company to serve until the 2019 annual meeting of stockholders.

 

In accordance with the results below, the following individuals were re-elected as directors of the Company and received the number of votes set opposite their respective names.

 

Director

 

Votes For

 

Votes Withheld

 

Broker Non-Votes

Rodney C. Sacks

 

481,608,017

 

23,619,852

 

17,245,222

Hilton H. Schlosberg

 

459,129,870

 

46,097,999

 

17,245,222

Mark J. Hall

 

475,065,603

 

30,162,266

 

17,245,222

Norman C. Epstein

 

453,625,664

 

51,602,205

 

17,245,222

Gary P. Fayard

 

493,330,923

 

11,896,946

 

17,245,222

Benjamin M. Polk

 

490,638,885

 

14,588,984

 

17,245,222

Sydney Selati

 

465,494,508

 

39,733,361

 

17,245,222

Harold C. Taber, Jr.

 

443,806,505

 

61,421,364

 

17,245,222

Kathy N. Waller

 

479,485,948

 

25,741,921

 

17,245,222

Mark S. Vidergauz

 

477,074,201

 

28,153,668

 

17,245,222

 

Proposal No. 2.  To ratify the appointment of Deloitte & Touche LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2018.

 

In accordance with the results below, the appointment of Deloitte & Touche LLP was ratified and approved.

 

Votes For

 

Votes Against

 

Abstentions

 

 

509,351,137

 

12,419,736

 

702,217

 

 

 

Proposal No. 3.  To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.

 

In accordance with the results below, the compensation of the Company’s named executive officers was approved on a non-binding, advisory basis.

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

429,377,112

 

75,428,305

 

422,452

 

17,245,222

 

2



 

Proposal No. 4.  To consider a stockholder proposal regarding a report containing the criteria and analytical methodology used to determine the Company’s conclusion of “minimal risk” of slavery and human trafficking in its sugarcane supply chain.

 

In accordance with the results below, the stockholder proposal regarding a slavery and human trafficking report was not approved.

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

97,950,064

 

394,037,750

 

13,240,055

 

17,245,222

 

3



 

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.

 

 

 

Monster Beverage Corporation

 

 

 

 

Date: June 12, 2018

/s/ Hilton H. Schlosberg

 

Hilton H. Schlosberg

 

Vice Chairman of the Board of Directors,

 

President and Chief Financial Officer

 

4