Monster Beverage (NASDAQ: MNST) okays $500M buyback and passes all votes
Rhea-AI Filing Summary
Monster Beverage Corporation reported the results of its annual stockholder meeting and announced additional share repurchase capacity. Stockholders re-elected ten directors, ratified Ernst & Young LLP as independent auditor for the year ending December 31, 2026, and approved, on a non-binding, advisory basis, the compensation of named executive officers. The Board authorized a new share repurchase program for up to an additional $500.0 million of common stock. As of May 14, 2026, approximately $400.0 million remained available under the previously authorized repurchase program, giving the Company substantial flexibility to buy back shares over time, subject to market conditions and legal requirements.
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Insights
Monster adds $500M to buyback capacity while routine proposals pass.
Monster Beverage expanded its authorized share repurchases by $500.0 million, on top of about $400.0 million still available from an existing program. This increases potential capital return but does not obligate the company to repurchase a specific amount or on a set schedule.
All key governance items received strong support, including re-election of ten directors, auditor ratification for the 2026 fiscal year, and advisory approval of executive compensation. These outcomes signal broad stockholder alignment with current governance and compensation practices, at least based on this meeting’s vote tallies.
The actual effect of the enlarged repurchase authorization will depend on future execution, which the company indicates will vary with market conditions and may be suspended or discontinued at any time. Future periodic reports and updates can clarify how much of the authorized capacity is ultimately used.
8-K Event Classification
Key Figures
Key Terms
broker non-votes financial
independent registered public accounting firm financial
non-binding, advisory basis financial
forward-looking statements regulatory
emerging growth company regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting of Stockholders of Monster Beverage Corporation (the “Company”) held on May 14, 2026, the following matters were submitted to a vote of the stockholders. For more information on the following proposals, see the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 27, 2026.
Proposal No. 1. To elect ten directors of the Company to serve until the 2027 annual meeting of stockholders.
In accordance with the results below, the following individuals were re-elected as directors of the Company and received the number of votes set opposite their respective names.
| Director | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||||
| Ana Demel | 862,378,221 | 3,609,825 | 213,601 | 19,519,201 | ||||||||||||
| James L. Dinkins | 863,419,283 | 2,564,360 | 218,004 | 19,519,201 | ||||||||||||
| William W. Douglas III | 861,807,993 | 4,176,166 | 217,488 | 19,519,201 | ||||||||||||
| Mark J. Hall | 855,092,867 | 10,497,178 | 611,602 | 19,519,201 | ||||||||||||
| Tiffany M. Hall | 851,841,347 | 13,320,869 | 1,039,431 | 19,519,201 | ||||||||||||
| Jeanne P. Jackson | 798,763,505 | 67,224,877 | 213,265 | 19,519,201 | ||||||||||||
| Steven G. Pizula | 851,070,569 | 14,914,966 | 216,112 | 19,519,201 | ||||||||||||
| Rodney C. Sacks | 852,151,746 | 13,448,703 | 601,198 | 19,519,201 | ||||||||||||
| Hilton H. Schlosberg | 857,208,955 | 8,390,930 | 601,762 | 19,519,201 | ||||||||||||
| Mark S. Vidergauz | 755,948,888 | 102,628,948 | 7,623,811 | 19,519,201 | ||||||||||||
Proposal No. 2. To ratify the appointment of Ernst & Young LLP to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2026.
In accordance with the results below, the appointment of Ernst & Young LLP was ratified and approved.
| Votes For | Votes Against | Abstentions | |||||||
| 885,168,644 | 340,152 | 212,052 | |||||||
Proposal No. 3. To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
In accordance with the results below, the compensation of the Company’s named executive officers was approved on a non-binding, advisory basis.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||
| 823,312,573 | 42,628,482 | 260,592 | 19,519,201 |
Item 8.01. Other Events.
On May 14, 2026, the Board of Directors of the Company authorized a new repurchase program for the repurchase of up to an additional $500.0 million of the Company’s outstanding shares of common stock. As of May 14, 2026, approximately $400.0 million remained available for repurchase under the Company’s previously authorized repurchase program. 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.
(d) Exhibits
| Exhibit 99.1 | Press Release dated May 15, 2026. |
| Exhibit 104 | The cover page from this Current Report on Form 8-K, formatted in iXBRL (Inline eXtensible Business Reporting Language). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Monster Beverage Corporation | |
| Date: May 15, 2026 | /s/ Hilton H. Schlosberg |
| Hilton H. Schlosberg | |
| Vice Chairman of the Board of Directors and | |
| Chief Executive Officer |
Exhibit 99.1
Investor Relations Strategic Public Relations |
PondelWilkinson Inc. 2945 Townsgate Road, Suite 200 Westlake Village, CA 91361
T (310) 279 5980 W www.pondel.com |
CONTACTS:
NEWS RELEASE |
Mark Astrachan SVP, Investor Relations & Corporate Development (951) 739-6200
Roger S. Pondel / Judy Lin PondelWilkinson Inc. (310) 279-5980 |
MONSTER BEVERAGE BOARD AUTHORIZES
NEW $500.0 MILLION SHARE REPURCHASE PROGRAM
Corona, CA – May 15, 2026 – Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company’s outstanding common stock. As of May 14, 2026, approximately $400.0 million remained available for repurchase under the Company’s previously authorized repurchase program. 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.
Monster Beverage Corporation
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® drinks, Monster Energy Ultra® energy drinks, Juice Monster® and Punch Monster® Energy + Juice energy drinks, Java Monster® and Monster Killer Brew® non-carbonated coffee + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Energy® Nitro energy drinks, Reign Total Body Fuel® high performance energy drinks, Reign Storm® and Storm™ total wellness energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Bang Energy® drinks, FLRT™ total wellness energy drinks, BPM® energy drinks, BU® energy drinks, Burn® energy drinks, Live+® energy drinks, Mother® energy drinks, Nalu® energy drinks, Play® and Power Play® (stylized) energy drinks, Relentless® energy drinks, Samurai® energy drinks, Ultra Energy® drinks, Predator® energy drinks and Fury® energy drinks. The Company’s subsidiaries also develop and market craft beers, flavored malt beverages and hard seltzers under a number of brands, including Jai Alai® IPA, Dale’s Pale Ale®, Dallas Blonde®, Wild Basin® hard seltzers, The BeastTM, Beast® Tea, Blind Lemon® and Blinder Lemon™. For more information visit www.monsterbevcorp.com.
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Monster Beverage Corporation
2-2-2
Caution Concerning Forward-Looking Statements
Certain statements made in this announcement may constitute “forward-looking statements” within the meaning of the U.S. federal securities laws, as amended, regarding the expectations of management with respect to our future operating results and other future events including revenues and profitability. The Company cautions that these statements are based on management’s current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside of the control of the Company, that could cause actual results and events to differ materially from the statements made herein. Such risks and uncertainties include, but are not limited to, our ability to implement the share repurchase programs. For a more detailed discussion of these and other risks that could affect our operating results, see the Company’s reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2025 and our subsequently filed quarterly report. The Company’s actual results could differ materially from those contained in the forward-looking statements, including with respect to the share repurchase programs. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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