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0 0 0.00130924325739715 0.00226935497948844 0.00672078205463905 0.00322946670157974 0.00174565767652953 0.00366588112071224
Stock impact report

Masimo (MASI) Fights Politan in a Bid to Retain CEO on Board [Yahoo! Finance]

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: Yahoo! Finance
The activist investor now wants to replace MASI's CEO, Joe Kiani, with one of its selected persons. It has proposed two candidates for board seats, including Kiani's, with a proxy vote to be held at MASI's annual general meeting (AGM) on Jul 25. Politan has accused Masimo's leadership of mismanagement and stated that its board lacks independent oversight. MASI, on the other hand, has held Politan responsible for false narratives and released a series of documents in support of the same. It did so in a bid to woo all investors to vote for Kiani. Politan already has two members on MASI's board. A potential removal of Kiani, who is also the founder of Masimo, from the board may have an unfavorable impact on the company's share price. The company's top management and employees have voiced their support for Kiani. However, the proxy vote will decide the future of Kiani at the company. The Politan Saga Politan bought its stake in Masimo in 2023, stating that Masimo's shares were und Show less Read more
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