Every material Form 8-K Monster Beverage filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Monster Beverage reported third-quarter 2024 net sales up 1.3% to $1.88 billion, but net income fell 18.1% to $370.9 million and diluted earnings per share fell to $0.38 from $0.43. The results include $21.5 million in net-of-tax charges, and the company also disclosed a new director effective January 1, 2025 and a bylaw change adopting a majority voting standard for director elections.
Q3 2024 net income was $370.9 million, down from $452.7 million; diluted EPS was $0.38 versus $0.43 a year earlier.
Adjusted diluted EPS was $0.40 versus $0.41; the gap reflects $10.6 million in Alcohol Brands inventory reserves and $16.7 million in a Hansen intellectual property provision.
William W. Douglas III was elected a director by the Board on November 6, 2024, effective January 1, 2025.
Fourth Amended and Restated By-laws, effective November 6, 2024, adopt a majority voting standard for director nominees, with plurality voting retained for contested elections.
Monster Beverage reported second-quarter 2024 net sales of $1.90 billion, up 2.5% from a year earlier, and diluted earnings per share of $0.41, up 5.0%. Net income rose 2.8% to $425.4 million, while unfavorable foreign currency changes reduced net sales by $67.7 million.
Q2 net sales rose 2.5% to $1.90 billion; net sales excluding the Alcohol Brands segment, adjusted for currency, rose 7.4%.
Gross profit as a percentage of net sales was 53.6%, compared with 52.5% a year earlier.
Operating expenses rose to $492.3 million from $450.4 million, and Q2 operating income was $527.2 million versus $523.8 million.
Alcohol Brands segment net sales fell 31.9% to $41.6 million; a conference call is scheduled for August 7, 2024 at 2:00 p.m. Pacific Time.
Monster Beverage's board approved an employment agreement appointing Emilie Tirre, previously President of the Americas, as Chief Commercial Officer, with a $870,000 annual base salary. At the June 13, 2024 annual meeting, stockholders re-elected all ten directors and approved the auditor appointment and the non-binding say-on-pay vote.
Tirre's base salary is $870,000 a year, subject to annual review, plus eligibility for an annual bonus, incentive and equity plans, and cash severance on qualifying terminations.
All ten director nominees were re-elected; Rodney C. Sacks received the most votes withheld, at 52,037,980.
Stockholders ratified Ernst & Young LLP as independent auditor for fiscal 2024 with 927,344,124 votes for and 766,067 against.
The non-binding say-on-pay proposal passed with 847,999,394 votes for and 55,532,438 against; the exhibit index spells the executive's name 'Emelie Tirre.'
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Monster Beverage filing is on SEC EDGAR ↗. 8-K briefs of other companies →