SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 30, 2021, the Board of Directors (the “Board”) of Monster Beverage Corporation (the “Company”) elected Ms. Ana Demel to serve as a director of the Company, effective as of December 31, 2021. Ms. Demel will receive customary fees and equity awards from the Company for serving as a director in accordance with the Company’s non-employee director compensation program.
Additional information on Ms. Demel is provided below:
Ana Demel—Chair of the Board of Directors of Pro Mujer, Inc. and Adjunct Professor at the New York University School of Law. Since January 1, 2021, Ms. Demel has served as the Chair of the board of directors of Pro Mujer, Inc., a women’s development non-profit that brings financial services, entrepreneurship training, and basic health services to low-income women in Latin America. Ms. Demel has also served as an Adjunct Professor at the New York University School of Law since 2009. Prior to 2009, Ms. Demel was a partner at the international law firm of Cleary Gottlieb Steen & Hamilton, LLP where her practice focused on international financing and business transactions, particularly in Latin America. Ms. Demel advised public and private sector clients on a variety of transactions, including structured finance, project finance and mergers and acquisitions. Ms. Demel’s spouse is a partner at Schulte Roth & Zabel LLP, a law firm that rendered services totaling approximately $0.69 million to the Company in 2021.
Item 9.01. Financial Statements and Exhibits.
|Exhibit 104||The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language).|
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: January 3, 2022||/s/ Hilton H. Schlosberg|
|Hilton H. Schlosberg|
|Vice Chairman of the Board of Directors, Co-Chief Executive Officer|