Monster Beverage Announces Auditor Change
14 January 2023 - 8:10AM
Monster Beverage Corporation (NASDAQ: MNST) today announced that,
as a result of a review process, the Audit Committee of its Board
of Directors has approved the engagement of Ernst & Young LLP
(“EY”) as the Company’s independent registered public accounting
firm for the Company’s fiscal year ending December 31, 2023,
subject to the execution of an engagement letter. Deloitte &
Touche LLP (“Deloitte”), the Company’s current independent
registered public accounting firm, will continue as the Company’s
independent registered public accounting firm for the year ended
December 31, 2022. The review process was not related to any
disagreement between the Company and Deloitte.
Monster Beverage CorporationBased
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® energy drinks,
Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice
energy drinks, Java Monster® non-carbonated coffee + energy drinks,
Espresso Monster® non-carbonated espresso + energy drinks, Rehab®
Monster® non-carbonated energy drinks, Monster Hydro® Energy Water
non-carbonated refreshment + energy drinks, Monster Hydro Super
Sport® Superior Hydration non-carbonated refreshment + energy
drinks, Monster HydroSport Super Fuel® non-carbonated advanced
hydration + energy drinks, Monster Dragon Iced Tea® non-carbonated
energy teas, Muscle Monster® non-carbonated energy shakes, Monster
Energy® Nitro energy drinks, Reign Total Body Fuel® high
performance energy drinks, Reign Inferno® thermogenic fuel high
performance energy drinks, True North® Pure Energy Seltzer energy
drinks, NOS® energy drinks, Full Throttle® energy drinks, Burn®
energy drinks, Samurai® energy drinks, Relentless® energy drinks,
Mother® energy drinks, Play® and Power Play® (stylized) energy
drinks, BU® energy drinks, Nalu® energy drinks, BPM® energy drinks,
Gladiator® energy drinks, Ultra Energy® energy drinks, Live+®
energy drinks, Predator® energy drinks and Fury® energy drinks. The
Company acquired CANarchy Craft Brewery Collective LLC in February
2022 and added a number of craft beers and hard seltzers to its
product portfolio. For more information visit,
www.monsterbevcorp.com.
CONTACTS: Rodney
C. SacksChairman and Co-Chief Executive Officer(951) 739-6200
Hilton H. SchlosbergVice Chairman and Co-Chief Executive
Officer(951) 739-6200
Roger S. Pondel / Judy Lin SfetcuPondelWilkinson Inc.(310)
279-5980
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