8-KEarnings & ResultsExhibits & Filings

Monster Beverage Corp 8-K Report, Financial Results (Nov 9, 2006)

Filed November 9, 2006For Securities:MNST

Summary

This 8-K filing from Hansen Natural Corporation (now Monster Beverage Corp) on November 9, 2006, primarily addresses a delay in filing its Form 10-Q for the third quarter of 2006. The delay is attributed to an ongoing investigation into the company's stock option grant practices and related filings of SEC Forms 4. The company has appointed a Special Committee, with independent counsel, to conduct this investigation in response to a letter from the SEC's Pacific Regional Office. As a result of this investigation, Hansen Natural Corporation is not yet in a position to complete its financial statements. The company anticipates filing the 10-Q report after the investigation concludes, which is expected to be after the usual five-day grace period. In the interim, the company has released selected financial information for the third quarter and nine months ended September 30, 2006, and 2005, via a press release filed as an exhibit.

Key Highlights

  • 1Hansen Natural Corporation is delaying its Form 10-Q filing for Q3 2006 due to an ongoing investigation.
  • 2The investigation concerns the company's stock option grant practices and SEC Form 4 filings.
  • 3A Special Committee has been formed with independent counsel to lead the investigation.
  • 4The company received a request for documents from the SEC's Pacific Regional Office.
  • 5Selected financial information for Q3 and the nine months ending September 30, 2006, and 2005, has been publicly disseminated.
  • 6The delay in filing the 10-Q is expected to extend beyond the standard due date.

Frequently Asked Questions

Hansen Natural Corporation is delaying its Form 10-Q filing for the third quarter of 2006 because it is conducting an investigation into its stock option grant practices and related SEC Form 4 filings, following a request from the SEC.

The Special Committee, supported by independent counsel, is investigating certain stock option grants made by the company and the company's practices related to filing SEC Forms 4.

The company expects to file the Form 10-Q as soon as practicable after the Special Committee's investigation is completed. This is anticipated to be after the fifth calendar day following the original due date of the 10-Q.

Yes, the company has released selected financial information for the third quarter and the nine-month periods ended September 30, 2006, and 2005, through a press release that is attached as an exhibit to this 8-K filing.