Monster Beverage Corporation (NASDAQ:MNST) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security
Holders.
The 2017 Annual Meeting of Stockholders (the Annual Meeting) of
Monster Beverage Corporation (the Company) was held on June19,
2017, at which the following matters were submitted to a vote of
the stockholders.
Proposal No.1. To elect ten directors of the
Company to serve until the 2018 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 Withheld |
|
Broker Non-Votes |
|
Rodney C. Sacks |
492,052,748 |
13,183,588 |
18,392,527 |
|||
|
Hilton H. Schlosberg |
462,816,158 |
42,420,178 |
18,392,527 |
|||
|
Mark J. Hall |
482,313,050 |
22,923,286 |
18,392,527 |
|||
|
Norman C. Epstein |
463,614,975 |
41,621,361 |
18,392,527 |
|||
|
Gary P. Fayard |
489,414,230 |
15,822,106 |
18,392,527 |
|||
|
Benjamin M. Polk |
498,885,855 |
6,350,481 |
18,392,527 |
|||
|
Sydney Selati |
476,129,363 |
29,106,973 |
18,392,527 |
|||
|
Harold C. Taber,Jr. |
462,469,610 |
42,766,726 |
18,392,527 |
|||
|
Kathy N. Waller |
481,640,636 |
23,595,700 |
18,392,527 |
|||
|
Mark S. Vidergauz |
483,545,190 |
21,691,146 |
18,392,527 |
Proposal No.2. To ratify the appointment of
Deloitte Touche LLP to serve as the independent registered public
accounting firm of the Company for the fiscal year ending
December31, 2017.
In accordance with the results below, the appointment of Deloitte
Touche LLP was ratified and approved.
|
Votes For |
|
Votes Against |
|
Abstentions |
|
|
494,960,536 |
28,456,534 |
211,793 |
Proposal No.3. To approve the Monster Beverage
Corporation 2017 Compensation Plan for Non-Employee Directors.
In accordance with the results below, the Monster Beverage
Corporation 2017 Compensation Plan for Non-Employee Directors was
approved.
|
Votes For |
|
Votes Against |
|
Abstentions |
|
Broker Non-Votes |
|
495,145,816 |
9,958,164 |
132,356 |
18,392,527 |
Proposal No.4. To approve, on a non-binding,
advisory basis, the compensation of the Companys named
executive officers.
In accordance with the results below, the compensation of the
Companys named executive officers was approved on a
non-binding, advisory basis.
|
Votes For |
|
Votes Against |
|
Abstentions |
|
Broker Non-Votes |
|
429,191,373 |
75,614,218 |
430,745 |
18,392,527 |
Proposal No.5. To approve, on a non-binding,
advisory basis, the frequency with which stockholders will
approve the compensation of the Companys named executive
officers.
In accordance with the results below, the board of directors of
the Company determined that it will include a non-binding,
advisory vote on the compensation of the Companys executive
officers in its proxy materials every year until the next
advisory vote on the frequency of stockholder votes on
executive compensation.
|
One Year |
|
Two Years |
|
Three Years |
|
Abstentions |
|
Broker Non-Votes |
|
478,090,779 |
67,995 |
26,903,301 |
174,261 |
18,392,527 |
Proposal No.6. To consider a stockholder
proposal requesting that the board of directors of the Company
adopt a proxy access bylaw.
In accordance with the results below, the stockholder proposal
requesting the board of directors of the Company adopt a proxy
access bylaw was not approved.
|
Votes For |
|
Votes Against |
|
Abstentions |
|
Broker Non-Votes |
|
205,493,011 |
299,261,863 |
481,462 |
18,392,527 |
Proposal No.7 To consider a stockholder
proposal requesting that the board of directors of the Company
adopt a sustainability report related to key environmental,
social and governance risks and opportunities including an
analysis of material water-related risks.
In accordance with the results below, the stockholder proposal
requesting the board of directors of the Company adopt a
sustainability report was not approved.
|
Votes For |
|
Votes Against |
|
Abstentions |
|
Broker Non-Votes |
|
160,505,806 |
340,802,680 |
3,927,850 |
18,392,527 |
