8-KOther Events

Monster Beverage Corp 8-K Report, Corporate Update (Jun 22, 2007)

Filed June 22, 2007For Securities:MNST

Summary

Hansen Natural Corporation (now Monster Beverage Corp) announced on June 22, 2007, that it has received notification from The Nasdaq Stock Market that the company has regained compliance with all Nasdaq listing rules. This positive development follows a period of delayed filings for its Quarterly Reports on Form 10-Q for the quarters ended September 30, 2006, and March 31, 2007, as well as its Annual Report on Form 10-K for the fiscal year ended December 31, 2006. The delays were necessitated by an independent investigation into the company's stock option grants and practices. With all required SEC filings now up-to-date, Hansen Natural Corporation's securities will continue to be listed on The Nasdaq Stock Market, providing significant relief to investors concerned about potential delisting.

Key Highlights

  • 1Hansen Natural Corporation (MNST) has satisfied Nasdaq listing requirements.
  • 2The company has resolved its delayed SEC filing issues.
  • 3All required SEC filings (Form 10-K for FY 2006, 10-Qs for Q3 2006 and Q1 2007) are now current.
  • 4The company's securities will continue to be listed on The Nasdaq Stock Market.
  • 5The resolution follows an independent investigation into stock option grants and practices.
  • 6This announcement removes the risk of delisting from Nasdaq.

Frequently Asked Questions

This 8-K filing announces that Hansen Natural Corporation (now Monster Beverage Corp) has successfully regained compliance with The Nasdaq Stock Market's listing rules after a period of delayed SEC filings. The company has been informed that its securities will continue to be listed on Nasdaq.

The company's filings were delayed pending the conclusion of an independent investigation by a special committee of the Board of Directors concerning the company's stock option grants and granting practices.

This is a significant positive development for investors as it means the company's stock will remain listed on The Nasdaq Stock Market, avoiding the negative implications and potential liquidity issues associated with a delisting.

Yes, the company states that it is now current with all of its required filings with the SEC, including its Form 10-K for the fiscal year ended December 31, 2006, and its Form 10-Q for the fiscal quarters ended September 30, 2006, and March 31, 2007.