Press release
Masimo Urges Stockholders to Vote “FOR” Only Masimo’s Director Nominees, Joe Kiani and Christopher Chavez, on the Updated GOLD Proxy Card Today
Shares Details From Recently Unredacted Legal Filings About Quentin Koffey’s Multi-Year Plan to Take Control of Masimo IRVINE, Calif.--(BUSINESS WIRE)--
About this update from Masimo Corporation
[{"type":"text","content":"\nShares Details From Recently Unredacted Legal Filings About Quentin Koffey’s Multi-Year Plan to Take Control of Masimo\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 critical details about Politan and Quentin Koffey’s plan to take control of Masimo and failure to act in the best interests of all Masimo stockholders.\n\n\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\nYou must be as tired as we are with the back and forth between Masimo and Politan. But the stakes for control and leadership of the company are higher and more critical than ever, since our founding 35 years ago. There is new information we believe is important for you to consider as you vote to determine the future of Masimo.\n\n\nAs the legal proceedings between the parties unfold, we now have clear examples we can share publicly that support what we have been saying – Politan’s Quentin Koffey, from February 2022, has been executing a multi-year plan to take control of Masimo and, in the process, has repeatedly acted against the best interests of Masimo’s stockholders and violated his disclosure obligations, contrary to his duties as a member of the Masimo Board.\n\n\nWhile we encourage you to read all of the public filings, we recognize there is a lot of information in the legal filings and affidavits, so we will highlight some of the key facts that we have presented to the court in support of our request that Politan be required to correct its numerous misstatements and omissions. As you review the select examples below, we would like you to ask yourself:\n\n\nIS QUENTIN KOFFEY THE PERSON YOU WANT IN CONTROL OF MASIMO AND THE FUTURE OF YOUR INVESTMENT?\n\n\n\nBeginning in 2022, Politan raised nearly $440 million, spec...