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Stock impact report

Activist investor Politan plans second proxy battle at Masimo, WSJ reports [Reuters]

Masimo Corporation (MASI) 
Last masimo corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: masimo.com/about-masimo/investors
Company Research Source: Reuters
Reuters March 24 (Reuters) - Activist investor Politan Capital Management, which last year won two seats on the board of medical technology company Masimo Corp (MASI.O) , opens new tab , is planning a second proxy battle for two more seats, the Wall Street Journal reported on Sunday. Politan, which owns 9% of Masimo's shares, plans to nominate two director candidates to Masimo's six-person board, the WSJ reported, citing a person familiar with the matter. The candidates are William Jellison, former chief financial officer of medical device maker Stryker (SYK.N) , opens new tab , and Darlene Solomon, former chief technology officer of Agilent Technologies (A.N) , opens new tab , the report said. Masimo and Politan Capital Management did not immediately respond to a Reuters request for comment. Quentin Koffey-owned Politan has long criticized Masimo's capital allocation and board oversight and expressed particular concern about last year's $1 billion purchase of consumer audi Show less Read more
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