Press release
Masimo is Executing a Successful Strategy to Deliver Long-Term, Sustainable Growth
Files Revised Definitive Proxy Materials and Mails Letter to Stockholders Urges Stockholders to Vote “FOR” Only Masimo’s Director Nominees, Joe Kiani and
About this update from Masimo Corporation
[{"type":"text","content":"\nFiles Revised Definitive Proxy Materials and Mails Letter to Stockholders\n\n\nUrges Stockholders to Vote “FOR” Only Masimo’s Director Nominees, Joe Kiani and Christopher Chavez, on the Updated GOLD Proxy Card\n\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nMasimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), a global leader in noninvasive monitoring technologies and audio products, today announced that it has filed revised definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming Annual Meeting of Stockholders (the “Annual Meeting”) to be held on September 19, 2024. Stockholders of record as of the close of business on August 12, 2024 are entitled to vote at the Annual Meeting.\n\n\nIn connection with the filing of its revised definitive proxy statement, Masimo is mailing a letter to stockholders highlighting the successful execution of its strategy to deliver long-term, sustainable growth and urging stockholders to vote “FOR” the Company’s director nominees, Joe Kiani and Christopher Chavez, on the updated GOLD proxy card.\n\n\nThe full text of the letter follows:\n\n\nDear Fellow Masimo Stockholders,\n\n\nWe are incredibly proud of the Company we have built and are more confident than ever that Masimo’s best years are ahead. Earlier this month, we reported strong second quarter results that underscore our business momentum and position Masimo to deliver sustainable growth.\n\n\nAccelerating Momentum in Q2 and Beyond\n\n\nDo not give Politan control of your company – they are not qualified to lead it. With our ongoing successful execution of our core business, electing Politan’s nominees would most certainly derail our sustainable growth trajectory. We urge you to vote “FOR” Masimo’s director nominees, Joe Kiani and Christopher Chavez, on the GOLD proxy card today to protect the Company’s future and your investment.\n\n\nMasimo’s dedicated team of engineers and med tech specialists are some of the best in the business. Their innovations save lives, improve health outcomes and, importantly, continue to lower the cost of healthcare. The team’s strong execution translates into meaningful financial results, as demonstrated in the second quarter. Among other accomplishments, we:\n\n\n\nDramatically strengthened our healthcare business, growing the segment’s revenue by 23% year-over-...