Press release
Masimo Board of Directors Files Definitive Proxy and Issues Letter to Stockholders
Strongly Encourages Stockholders to Vote FOR Joe Kiani and Christopher Chavez on the GOLD Proxy Card Warns Stockholders of Politan’s Value-Destructive Agenda
About this update from Masimo Corporation
[{"type":"text","content":"\nStrongly Encourages Stockholders to Vote FOR Joe Kiani and Christopher Chavez on the GOLD Proxy Card\n\n\nWarns Stockholders of Politan’s Value-Destructive Agenda Should It Gain Control\n\n\nHighlights Masimo’s Track Record of Innovation, Longstanding Premium Valuation, Strong Long-Term Plan and Superior Director Nominees\n\n\nVisit ProtectMasimosFuture.com for More Information\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nMembers of the Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) Board of Directors today issued a letter to stockholders in connection with its definitive proxy materials filed on June 17, 2024, and the Company’s Annual Meeting of Stockholders to be held on July 25, 2024. The letter highlights what in our view are the significant risks to the value of Masimo if control of the Board is ceded to Politan Capital Management (“Politan”), which we believe wants to eliminate some of the key people and practices that have fueled Masimo’s long-term innovation and growth and supported its premium valuation multiple. The letter also details the Company’s excellent positioning to continue to drive above-market organic growth and meaningful margin expansion, while highlighting the expertise and experience of Masimo’s highly qualified director nominees. To protect stockholders’ investment and the Company’s future, the Board strongly encourages stockholders to vote FOR Masimo’s exceptional director nominees, Joe Kiani and Christopher Chavez.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617740544/en/Fig. 1 – Masimo Has Historically Traded at a Premium to Select MedTech Peers (Graphic: Business Wire)\nFind our definitive proxy materials and more information on why your vote is critical to the future of Masimo at www.ProtectMasimosFuture.com. The full text of the Board’s letter to our stockholders can be found here:\n\n\nDear Fellow Masimo Stockholders:\n\n\nAt the upcoming Annual Meeting of Stockholders, you face a choice: electing your Board’s nominees – Joe Kiani, the founder, Chairman and CEO of Masimo, and Christopher Chavez, a highly experienced and independent former CEO and director of public medical device companies – or adding two more nominees hand-picked and paid by Politan, thereby ceding control of Masimo to Politan.\n\n\nThis election...