other material
confidence high
sentiment positive
materiality 0.65
Monster Beverage board authorizes new $500M share repurchase program
Monster Beverage Corp
- New $500.0 million common stock buyback authorized; $157.4M remained from prior program as of June 14.
- All ten director nominees re-elected; Deloitte ratified as auditor for fiscal 2022 (459.5M votes for).
- Advisory say-on-pay approved (442.4M for, 24.7M against); shareholder GHG proposal rejected (260.1M against).
- Repurchases to be made in open market or private transactions, subject to market conditions; program may be suspended.
- Annual meeting held June 14, 2022; all proposals passed except shareholder climate report request.