8-KOther Events

Monster Beverage Corp 8-K Report, Corporate Update (Oct 31, 2006)

Filed October 31, 2006For Securities:MNST

Summary

This 8-K filing from Hansen Natural Corporation (now Monster Beverage Corp.) dated October 31, 2006, reports that the company received a letter from the SEC's Pacific Regional Office. The SEC is requesting voluntary production of documents and information concerning the company's SEC Forms 4 and its stock option grant practices covering the period from January 1, 1996, to the date of the filing. While the SEC staff explicitly stated that this request is not an indication of any violations of law or a reflection on the merits of the company's securities or transactions, it signals an ongoing inquiry into the company's historical stock option practices and associated filings. The company has stated its intention to fully cooperate with the SEC's request.

Key Highlights

  • 1Hansen Natural Corporation received a request from the SEC's Pacific Regional Office on October 26, 2006.
  • 2The SEC is requesting voluntary production of documents and information related to SEC Forms 4.
  • 3The request also pertains to the company's stock option grant practices.
  • 4The specified timeframe for the requested information is from January 1, 1996, to the present (October 2006).
  • 5The SEC explicitly stated that this request does not imply any violations of law have occurred.
  • 6Hansen Natural Corporation intends to cooperate fully with the SEC's request.
  • 7The filing is categorized under 'Other Events' (Item 8.01).

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose that Hansen Natural Corporation (now Monster Beverage Corp.) has received a request from the U.S. Securities and Exchange Commission (SEC) for documents and information regarding its historical SEC Forms 4 and stock option grant practices.

The SEC's letter explicitly states that the request should not be construed as an indication that any violations of law have occurred. It is a request for information, and the company intends to cooperate.

The SEC is requesting documents and information related to SEC Forms 4 and stock option grant practices from January 1, 1996, up to the date of the filing, which is October 31, 2006.

Hansen Natural Corporation has stated its intention to cooperate with the SEC Staff and to provide all the documents and information requested in the letter.