Press release
Masimo Board of Directors Sets the Record Straight on False and Misleading Claims
Responds and Corrects Politan’s Inaccurate Letter Highlights Politan’s Reckless Disregard for the Truth and Fundamental Misunderstanding of Masimo’s Business
About this update from Masimo Corporation
[{"type":"text","content":"\nResponds and Corrects Politan’s Inaccurate Letter\n\n\nHighlights Politan’s Reckless Disregard for the Truth and Fundamental Misunderstanding of Masimo’s Business\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\n IRVINE, Calif.--(BUSINESS WIRE)--\nThe Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) Board of Directors today issued a letter to stockholders to set the record straight on the many highly misleading and inaccurate claims recently published by Politan Capital Management (“Politan”). Politan’s reckless and unprincipled willingness to distort the truth in pursuit of its agenda shows its founder and nominee Quentin Koffey is not to be trusted to serve on Masimo’s Board of Directors. The Board continues to encourage stockholders to vote FOR Masimo’s highly qualified director nominees, H Michael Cohen and Julie Shimer, Ph.D., using the WHITE proxy card.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230531005991/en/Figure 1. (Graphic: Business Wire)\nThe full text of the Board’s letter to our stockholders can be found here:\n\n\nDear Fellow Masimo Shareholders:\n\n\nIn our prior letter, published on May 26, 2023, we wrote that Politan and its founder and nominee Quentin Koffey have shown a reckless disregard for the truth in pursuit of their dangerous agenda. We pointed out a handful of highly misleading and inaccurate statements that suggest Mr. Koffey is either purposely misleading or fundamentally ignorant of Masimo’s business, industry and history; however, the sheer number of errors in Politan’s May 23 letter requires its own letter to set the record straight. Below you will find a catalog of Politan’s falsehoods and inaccuracies.\n\n\nMr. Koffey’s choice to twist history, promote false narratives, take quotes out of context and cherry-pick data demonstrates how unprincipled and self-serving he has been in his engagement with Masimo. Mr. Koffey’s implication that there has been a rift between Masimo’s Board and management and its shareholders completely ignores the long-term mutual respect we have built with shareholders. Mr. Koffey’s behavior, including his costly scorched earth litigation against Masimo and its current and former Board me...