Masimo (MASI) Sues Politan for Misstatements, Delays Annual Meet [Yahoo! Finance]
Masimo Corporation (MASI)
Last masimo corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
masimo.com/about-masimo/investors
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Source: Yahoo! Finance
The company is seeking an injunction requiring Politan to correct material misstatements. MASI also announced a new date for its 2024 annual meeting of stockholders, now set for Sep 19, 2024. This change is aimed at ensuring a fair and fully informed vote by the shareholders. The meeting was initially scheduled for Jul 25. Reasons Behind the Litigation Masimo's lawsuit against Politan seeks to compel the activist investor to rectify material misstatements and omissions in its proxy materials. Among other allegations, Masimo claims that Quentin Koffey, Politan's managing partner and chief investment officer, assisted plaintiff's counsel in litigation against Masimo. Koffey joined Masimo's board last summer by winning the proxy vote during Annual Meeting last year. Price Performance The company's shares have lost 6.3% year to date against 4.3% growth of the industry. The S&P 500 has increased 16.9% during the same time frame. Image Source: Zacks Investment Research Masimo
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MASI
News
- Politan Provides Update on Why Masimo Shareholders Should Support Urgently Needed Board Change at Company's 2024 AGM [Yahoo! Finance]Yahoo! Finance
- Politan Provides Update on Why Masimo Shareholders Should Support Urgently Needed Board Change at Company’s 2024 AGMBusiness Wire
- Masimo Urges Stockholders to Vote “FOR” Only Masimo’s Director Nominees, Joe Kiani and Christopher Chavez, on the Updated GOLD Proxy Card TodayBusiness Wire
- Masimo to Present in Wells Fargo Healthcare ConferenceBusiness Wire
- Masimo Partners with March of Dimes to Help Parents with Babies in the NICU Make the Transition from Hospital to HomeBusiness Wire
MASI
Earnings
- 8/6/24 - Beat
MASI
Sec Filings
- 9/6/24 - Form DFAN14A
- 9/6/24 - Form DEFA14A
- 9/4/24 - Form DEFA14A
- MASI's page on the SEC website