01—Abstract
Summary
Summary of the 8-K filed May 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Monster Beverage Corporation (MNST) reported on its May 14, 2026 Annual Meeting of Stockholders and announced a new share repurchase authorization.
The filing contains no financial results, guidance, or operating data. Stockholders re-elected all ten director nominees to serve until the 2027 annual meeting, ratified Ernst & Young LLP as the independent auditor for fiscal 2026, and approved the named executive officer compensation on a non-binding advisory basis. The most significant item for investors is the Board's authorization of a new repurchase program of up to an additional $500.0 milliona of common stock.
As of May 14, 2026, about $400.0 millionb remained under the prior program, so total repurchase capacity is roughly $900.0 million. Repurchases may be made in the open market, through privately negotiated or block transactions, or otherwise, and may be suspended or discontinued at any time. Governance support was strong overall.
Say-on-pay passed with about 95%c of votes cast in favor (excluding broker non-votes). Director support was lower for Mark S. Vidergauz, who received about 88% of votes cast, and for Jeanne P.
Jackson, at about 92%d. Investors may want to review the definitive proxy statement filed March 27, 2026 for context on these votes.
02—Key points
Key Highlights
- New share repurchase authorization of up to an additional $500.0 million, announced by the Board on May 14, 2026 and disclosed in a May 15, 2026 press release.
- Approximately $400.0 million remained under the prior repurchase program as of May 14, 2026, bringing total available capacity to roughly $900.0 million.
- All ten director nominees were re-elected to serve until the 2027 annual meeting, with support ranging from about 88% (Vidergauz) to over 99% of votes cast for several directors.
- Stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with roughly 96% of votes cast in favor (885.2M for vs. 0.3M against).
- Say-on-pay (non-binding advisory vote on named executive officer compensation) was approved, with about 95% of votes cast in favor (823.3M for vs. 42.6M against).
- Mark S. Vidergauz had the weakest support among directors, with 102.6 million votes against and 7.6 million abstentions, roughly 12% of votes cast.
- The filing contains no financial results, earnings, or guidance; the repurchase program's timing and execution remain subject to market conditions and may be suspended at any time.
03—Questions
Frequently Asked Questions
How much stock can Monster Beverage repurchase now?
The Board authorized up to an additional $500.0 million in share repurchases on May 14, 2026. Including the approximately $400.0 million still available under the prior program as of that date, total potential repurchase capacity is about $900.0 million. Actual repurchases will depend on market conditions and may be suspended or discontinued at any time.
How will the repurchases be executed?
The company expects to repurchase shares from time to time in the open market, through privately negotiated transactions, through block purchases, or through other transactions managed by broker-dealers, subject to applicable laws, regulations, and approvals. The filing does not provide a timeline or total number of shares targeted.
Did shareholders approve the company's executive pay and auditor?
Yes. The advisory say-on-pay proposal passed with about 823.3 million votes for and 42.6 million against, roughly 95% support among votes cast. Ernst & Young LLP was ratified as auditor for fiscal 2026 with about 885.2 million votes for and 0.3 million against.
Were there any notable board-level vote concerns?
All ten directors were re-elected. Mark S. Vidergauz received the most opposition, with 102.6 million votes against (about 12% of votes cast), followed by Jeanne P. Jackson with 67.2 million votes against (about 8%). Both were still re-elected. Shareholders may wish to review the March 27, 2026 proxy statement for further detail.
Does this filing report anything about Monster's financial performance?
No. The 8-K covers the annual meeting vote results and the new buyback authorization only. It does not include revenue, earnings, margins, or guidance. Investors should refer to the Form 10-K for fiscal 2025 and the subsequently filed quarterly reports for financial information.
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