CalSTRS Joins Politan Capital Management in Legal Action Against Masimo CEO’s Employment Agreement
Masimo Corporation (MASI)
Last masimo corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
Current Employment Agreement Undermines the Stockholder Franchise and Exerts ‘Dead Hand Control’ Over the Actions of All Future BoardsAgreement Pays Approximately $600 million to CEO if the Board Merely Appoints a Lead Independent Director or if Stockholders Replace More Than One-Third of the Incumbent Board NEW YORK--(BUSINESS WIRE)--Politan Capital Management (together with its affiliates, “Politan”), a 9% stockholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) today announced that the California State Teachers’ Retirement System (CalSTRS) has joined Politan’s ongoing legal action against Masimo and its Board of Directors (the “Board”). Politan’s lawsuit, filed in the Court of Chancery of the State of Delaware, challenges the validity and legality of the employment agreement (the “Employment Agreement”) of Masimo’s Chairman and Chief Executive Officer (“CEO”) Joe Kiani.Aeisha Mastagni, CalSTRS Portfolio Manager of Sustainable Investment and Stewardship Strate
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MASI
News
- MASIMO ALERT: Bragar Eagel & Squire, P.C. is Investigating Masimo Corporation on Behalf of Masimo Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Masimo Corporation Investors to Inquire About Securities Class Action Investigation – MASIGlobeNewswire
- ROSEN, A TOP RANKED LAW FIRM, Encourages Masimo Corporation Investors to Inquire About Securities Class Action Investigation – MASIBusiness Wire
- Masimo Co. (NASDAQ: MASI) had its price target raised by analysts at Piper Sandler from $117.00 to $126.00. They now have a "neutral" rating on the stock.MarketBeat
- Masimo to Present in BofA Securities Health Care ConferenceBusiness Wire
MASI
Earnings
- 5/7/24 - Beat
MASI
Sec Filings
- 5/10/24 - Form DFAN14A
- 5/9/24 - Form SC
- 5/9/24 - Form DEFA14A
- MASI's page on the SEC website