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Monster Beverage Corp 8-K Report, Bylaw Amendment (Jan 6, 2012)

Filed January 6, 2012For Securities:MNST

Summary

Monster Beverage Corporation (formerly Hansen Natural Corporation) announced a significant corporate rebranding through an 8-K filing on January 5, 2012. The primary purpose of this filing was to report the official change of the company's name to Monster Beverage Corporation, effective January 9, 2012. This change was approved by stockholders at a Special Meeting held on January 5, 2012, and reflects the company's strategic focus and brand recognition around its highly successful Monster energy drink line. In addition to the name change, the company also secured stockholder approval to significantly increase its authorized common stock from 120,000,000 shares to 240,000,000 shares. This move is likely intended to provide greater flexibility for future corporate actions, such as potential stock splits, acquisitions, or stock-based compensation plans. Investors should note the change in ticker symbol from "HANS" to "MNST" on The Nasdaq Global Select Market, effective January 9, 2012, which aligns with the new corporate identity.

Key Highlights

  • 1Hansen Natural Corporation has officially changed its name to Monster Beverage Corporation.
  • 2The name change was approved by stockholders at a Special Meeting held on January 5, 2012.
  • 3The corporate name change is effective January 9, 2012.
  • 4The company's common stock ticker symbol will change from "HANS" to "MNST" on The Nasdaq Global Select Market, effective January 9, 2012.
  • 5Stockholders approved an amendment to increase the number of authorized shares of Common Stock from 120,000,000 to 240,000,000.
  • 6Existing stock certificates are not affected by the name change and remain valid.

Frequently Asked Questions

The name change from Hansen Natural Corporation to Monster Beverage Corporation was to better align the company's corporate identity with its flagship and dominant brand, 'Monster' energy drinks, reflecting the brand's significant market presence and success.

Effective January 9, 2012, the company's common stock began trading on The Nasdaq Global Select Market under the new ticker symbol "MNST", replacing the former symbol "HANS".

Stockholders approved an amendment to increase the number of authorized shares of Common Stock from 120,000,000 to 240,000,000. This nearly doubles the authorized shares and provides the company with greater financial and strategic flexibility for future activities.

No, outstanding stock certificates for shares of the company are not affected by the name change and remain valid. There is no need to exchange them.