Summary
Monster Beverage Corporation (MNST) filed an 8-K on June 3, 2013, to announce a live audio webcast of its annual stockholders' meeting. This webcast, scheduled for June 3, 2013, at 1:00 p.m. Pacific Time, will include a business discussion and Q&A session starting around 1:20 p.m. Pacific Time. Investors and interested parties can access the webcast through the 'Events & Presentations' section of Monster's corporate website, with an archive available for approximately one year. The primary focus for investors from this filing is the planned disclosure of preliminary consolidated gross sales figures for April and May 2013 during the business discussion portion of the meeting. While Monster clarifies that 'gross sales' is an internal performance indicator and not a GAAP-recognized measure, it is used to evaluate sales performance before promotional impacts. Investors should note the company's definition of gross sales and understand it may differ from similar metrics used by other companies and is not a direct substitute for GAAP-reported net sales.
Key Highlights
- 1Monster Beverage Corp (MNST) announced a live audio webcast of its annual stockholders' meeting on June 3, 2013.
- 2The webcast will include a business discussion and a question and answer session.
- 3Preliminary consolidated gross sales for April and May 2013 will be discussed during the meeting.
- 4The webcast will commence at 1:00 p.m. Pacific Time, with the business discussion starting around 1:20 p.m. Pacific Time.
- 5The webcast will be available on the 'Events & Presentations' page of Monster's website (www.monsterbevcorp.com).
- 6An archive of the webcast will be accessible on the website for approximately one year.
- 7The company provided a disclaimer regarding the non-GAAP nature of 'gross sales' as an internal performance metric.