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Monster Director Resigns Suddenly

Dec 29, 2009
This article is part of a series called News & Trends.

Monster LogoRonald J. Kramer, an almost 10-year member of Monster’s board of directors, resigned Sunday.

The only mention of his departure came in a filing with the Securities and Exchange Commission. The 8-K report (a reference to the SEC provision requiring publicly held companies to report unscheduled material events and changes) says Kramer’s resignation was effective immediately and “did not involved any disagreement on any matter relating to the Company’s operations, policies or practices.”

Kramer is CEO and board vice chairman of Griffon Corp., a $1.2 billion building products and advanced telephonics manufacturing company. Before taking that job in 2008, Kramer had been president and a director of casino owner and operator Wynn Resorts.

According to Forbes.com, Kramer earned $301,701 in cash and stock from Monster in 2008.

Neither Kramer nor a Monster spokesman could be reached.

This article is part of a series called News & Trends.
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