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| HANS > SEC Filings for HANS > Form 8-K on 30-Jul-2009 | All Recent SEC Filings |
30-Jul-2009
Change in Directors or Principal Officers, Financial Statements and Exhibits
Hansen Natural Corporation (the "Company") announced the appointment of Nick R. Gagliardi, age 52, as Chief Operating Officer of Monster Beverage Company, a division of Hansen Beverage Company ("HBC"), a subsidiary of the Company, effective July 27, 2009.
Prior to starting with HBC, Mr. Gagliardi served as President of Liquid Investments, a wholesale beverage distribution holding company based in San Diego, which he joined in 2002. From April 1998 to January 2002, Mr. Gagliardi held various management positions, including Vice President and General Manager, of Labatt USA, which later became a unit of Anheuser-Busch InBev. From 1982 to 1998, Gagliardi served in various capacities at Colgate-Palmolive Co., including Vice President of the Canadian division.
In connection with his appointment as Chief Operating Officer, Mr. Gagliardi and HBC executed a written offer of employment on June 30, 2009. The written offer of employment specifies that Mr. Gagliardi's annual base salary will be $255,000. Mr. Gagliardi is eligible to receive a discretionary annual bonus of up to 50% of his base salary, plus dislocation allowance. Mr. Gagliardi's employment is "at will" and may be terminated by either Mr. Gagliardi or HBC at any time. Mr. Gagliardi will receive an option to purchase 60,000 shares of the Company's common stock at the closing price of Company's common stock on August 3, 2009. The option is scheduled to vest, subject to Mr. Gagliardi's continued employment, in equal installments on each of the first five anniversaries of the grant date, and shall expire on the tenth anniversary of the grant date.
A copy of the press release announcing the appointment of Mr. Gagliardi is attached as Exhibit 99.1 hereto.
(d) Exhibits
The following exhibit is furnished herewith:
Exhibit 99.1 Press Release, dated July 30, 2009.
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