Press release
Masimo Board of Directors Highlights Value of Company’s Mission-Driven Innovation in Letter to Stockholders
Emphasizes Track Record of Innovation Powering Growth, Stockholder Value Creation Under Joe Kiani’s Leadership Illuminates Risk Quentin Koffey Poses to
About this update from Masimo Corporation
[{"type":"text","content":"\nEmphasizes Track Record of Innovation Powering Growth, Stockholder Value Creation Under Joe Kiani’s Leadership\n\n\nIlluminates Risk Quentin Koffey Poses to Masimo’s Culture of Innovation\n\n\nStrongly Encourages Stockholders to Protect Their Investment by Voting FOR H Michael Cohen and Julie Shimer, Ph.D., on the WHITE Proxy Card\n\n\nVisit KeepMasimoStrong.com for More Information\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nThe Board of Directors of Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) today issued a letter to stockholders in connection with the Company’s Annual Meeting of Stockholders to be held on June 26, 2023. The letter outlines the importance of Masimo’s mission-driven innovation to its financial success and how Politan Capital Management (“Politan”) nominee Quentin Koffey’s ill-informed plans to meddle in Masimo’s R&D strategy endanger the Company’s future.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230613488874/en/(Graphic: Business Wire)\nElecting Quentin Koffey to the Board would threaten Masimo’s mission, guiding principles, strategy and leadership and jeopardize the potential of your investment in Masimo. The Board encourages stockholders to vote FOR Masimo’s highly qualified director nominees, H Michael Cohen and Julie Shimer, Ph.D.\n\n\nFind more information on why your vote is so important to the future of Masimo at www.KeepMasimoStrong.com. The full text of the Board’s letter to our stockholders can be found here:\n\n\nDear Fellow Masimo Shareholders:\n\n\nOver nearly 30 years, Masimo has built an unparalleled reputation for constant innovation in service of our shared mission of improving lives. Masimo’s founder, chairman and chief executive officer Joe Kiani has been and remains at the center of this – constantly collaborating with Masimo’s R&D leadership and customers and being named as an inventor on approximately 25 percent of Masimo’s patent filings. The culture of mission-driven innovation that Mr. Kiani and Masimo have fostered is fundamental to our relationships with our customers and employees, has driven strong returns for Masimo shareholders and powers our strategy.\n\n\nPolitan’s nominee Quentin Koffey has claimed he will “fix” innovation at Masimo but has provided no concrete plan. If Mr. Koffey is elected...