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Stock impact report

Activist Politan plans second proxy fight at Masimo (update) [Seeking Alpha]

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: Seeking Alpha
Activist investor Politan Capital Management, which already holds two seats on Masimo Corp.'s ( NASDAQ: MASI ) board, is planning to start another proxy fight for two more board seats at the pulse oximetry company. Masimo shares soared 13% in premarket trading. The potential board seat fight comes after Masimo ( MASI ) on Friday announced its board authorized management to evaluate a proposed separation of its consumer business . Politan, which has an 8.9% stake in Masimo, is nominating Dr. Darlene Solomon and William Jellison, according to a statement on Monday, which confirmed a WSJ story that broke the news of the proxy fight on Sunday. While Politan, which first reported a 9% stake in Masimo ( MASI ) in August 2022, supports a review of the company's consumer business, the activist's concern is that the company won't follow through on a separation, according to the WSJ report. The potential proxy fight comes after Politan Chief Investment Officer Quentin Koffey and healthca Show less Read more
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