8-KLeadership ChangesExhibits & Filings

Monster Beverage Corp 8-K Report, Executive Changes (Jul 30, 2009)

Filed July 30, 2009For Securities:MNST

Summary

Hansen Natural Corporation (now Monster Beverage Corporation) filed an 8-K on July 30, 2009, to report a significant executive appointment. The company announced the appointment of Nick R. Gagliardi as the new Chief Operating Officer (COO) for its Monster Beverage Company division, effective July 27, 2009. Mr. Gagliardi brings substantial experience in beverage distribution and management, having previously served as President of Liquid Investments and in various leadership roles at Labatt USA and Colgate-Palmolive. This appointment signals a strengthening of operational leadership within the rapidly growing Monster Beverage division. The filing details Mr. Gagliardi's compensation package, including a base salary of $255,000, eligibility for a discretionary annual bonus of up to 50% of his base salary, and a stock option grant for 60,000 shares of the Company's common stock. The stock options will vest over five years and expire in ten years, aligning Mr. Gagliardi's incentives with the company's long-term performance. Investors should view this as a positive step toward continued growth and operational efficiency for the Monster brand.

Key Highlights

  • 1Appointment of Nick R. Gagliardi as Chief Operating Officer (COO) of Monster Beverage Company, a division of Hansen Natural Corporation.
  • 2Mr. Gagliardi's appointment is effective July 27, 2009.
  • 3Mr. Gagliardi possesses extensive experience in beverage distribution and consumer goods management.
  • 4His compensation includes a base salary of $255,000 per year.
  • 5He is eligible for a discretionary annual bonus of up to 50% of his base salary.
  • 6Mr. Gagliardi will receive an option to purchase 60,000 shares of the Company's common stock, vesting over five years.
  • 7The filing also includes a press release as an exhibit, announcing this executive change.

Frequently Asked Questions

Hansen Natural Corporation (later renamed Monster Beverage Corporation) is filing this 8-K to formally announce a significant executive appointment: the hiring of Nick R. Gagliardi as the Chief Operating Officer (COO) of its Monster Beverage Company division.

Mr. Gagliardi has a strong background in the beverage industry and consumer goods. He previously served as President of Liquid Investments, a beverage distribution holding company, and held various management positions at Labatt USA (later part of Anheuser-Busch InBev) and Colgate-Palmolive Co.

Mr. Gagliardi's employment agreement includes an annual base salary of $255,000, eligibility for a discretionary annual bonus of up to 50% of his base salary, and a stock option grant for 60,000 shares of the Company's common stock. The options are set to vest over five years and will expire ten years from the grant date.

No, this specific 8-K filing focuses solely on an executive appointment (Item 5.02) and related exhibits (Item 9.01). It does not contain financial statements, revenue figures, or other performance metrics. Its primary purpose is to inform investors about changes in key management personnel.