MONSTER BEVERAGE CORP : Change in Directors or Principal Officers (form 8-K)
March 31, 2021 at 06:04 am EDT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 30, 2021, Mr. Sydney Selati notified Monster Beverage Corporation (the
"Company") of his retirement from the Board of Directors (the "Board") of the
Company and all committees of the Board, effective March 31, 2021. Mr. Selati
has served as a director of the Company since 2004 and his retirement is not due
to any disagreement with the Company.
Monster Beverage Corporation specializes in the development and marketing of beverages. Net sales break down by product family as follows:
- energy drinks (98%): primarily carbonated and non-carbonated energy drinks (Monster Energy®, Monster Energy Ultra®, Monster Rehab®, Monster Energy® Nitro, Java Monster®, Punch Monster®, Juice Monster®, Monster Hydro®, Monster Super Fuel®, Monster Dragon Tea®, Reign Total Body Fuel®, Reign Inferno®, Reign Storm®, True North®, NOS®, Full Throttle®, Burn®, Mother®, Nalu®, Ultra Energy®, Play®, Power Play®, Relentless®, BPM®, BU®, Gladiator®, Samurai®, Live+®, Predator®, Fury®, etc. brands);
- alcoholic beverages (1.6%): primarily beers, hard seltzers and flavored malt beverages (Cigar City®, Oskar Blues®, Deep Ellum®, Squatters®, Wild Basin®, Wasatch®, Perrin®, The Beast Unleashed®, etc. brands);
- other (0.4%).
Products are made and bottled by sub-contractors.
Net sales are distributed geographically as follows: the United States and Canada (65.2%), Europe/Middle East/Africa (19.5%), Latin America and Caribbean (8.1%) and Asia/Pacific (7.2%).