Press release
Masimo Has the Right Leadership and Strategy to Drive Long-Term Value Creation
Highlights Risk to Continued Momentum and Innovation if Politan Gains Board Control Urges Stockholders to Vote “FOR” Only Masimo’s Director Nominees, Joe
About this update from Masimo Corporation
[{"type":"text","content":"\nHighlights Risk to Continued Momentum and Innovation if Politan Gains Board Control\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 mailed a letter to stockholders in connection with its upcoming Annual Meeting of Stockholders (the “Annual Meeting”) to be held on September 19, 2024, highlighting the Company’s commitment to long-term value creation and the risks to its continued momentum and innovation if Politan were to gain control of the Company’s Board of Directors.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826479438/en/Politan Has Failed to Add Value (Graphic: Business Wire)\nMasimo is urging stockholders to vote “FOR” the Company’s director nominees, Joe Kiani and Christopher Chavez, on the updated GOLD proxy card to protect the Company and the value of their investment. Stockholders of record as of the close of business on August 12, 2024 are entitled to vote at the Annual Meeting.\n\n\nThe full text of the letter follows:\n\n\nDear Fellow Masimo Stockholders,\n\n\nThe vote at Masimo’s upcoming Annual Meeting on September 19, 2024 is critically important. We recognize you have heard opposing views from us and from Politan Capital Management, who is seeking to gain control of your company. As we urge you to vote “FOR” Masimo’s director nominees – Joe Kiani and Christopher Chavez – on the updated GOLD proxy card today, we want to outline as clearly as possible why this vote matters so much and reiterate our commitment to continued stockholder value creation.\n\n\nWHY THIS VOTE MATTERS: Preserving our leadership team and engineers is paramount to our continued success.\n\n\nOver the past 35 years, Masimo has delivered outstanding innovations and established itself as a partner of choice for today’s leading healthcare providers. Our successes result from an unrelenting focus on our mission, consistent hard work across our highly skilled employee base, and the visionary leadership and significant expertise embodied by our CEO and management team. By way of example, Mr. Kiani has oversee...