Item 8.01. Other Events.
On March 13, 2020, the Board of Directors of Monster Beverage Corporation (the
"Company") authorized a new repurchase program for the repurchase of up to
$500.0 million of the Company's outstanding shares of common stock. As of March
11, 2020, approximately $536.6 million remained available for repurchase under
the Company's previously authorized repurchase programs. The Company expects to
make the share repurchases from time to time in the open market, through
privately-negotiated transactions, by block-purchase or through other
transactions managed by broker-dealers, or otherwise, subject to applicable
laws, regulations and approvals. The timing of the share repurchases will depend
on a variety of factors, including market conditions, and the share repurchases
may be suspended or discontinued at any time.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated March 13, 2020.
The cover page from this Current Report on Form 8-K, formatted in iXBRL
Exhibit 104 (Inline eXtensible Business Reporting Language).
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