The Masimo logo is displayed at Masimo headquarters in Irvine, California, on Dec. 27, 2023. Mario Tama | Getty Images Activist investor Politan Capital won the two board seats it was seeking at medical technology company Masimo, defeating founder and CEO Joe Kiani and another director, Chris Chavez, at the shareholder vote. Masimo shares rose … Read more
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Masimo CEO Joe Kiani, whose medical-technology company is in the midst of a proxy battle with activist Politan, revealed what he called confidential information to a major investor 12 hours before it was released to the public, according to court filings. The documents, partially unsealed on Friday, … Read more
Joe Kiani, CEO of Masimo. Scott Mlyn | CNBC Earlier this month, Masimo subpoenaed proxy advisors ISS and Glass Lewis for their private communications with investors about the upcoming proxy contest with activist Politan Capital, according to people familiar with the matter. The unusual move comes after the medical device company delayed its annual meeting … Read more
Founder and CEO of Masimo, Joe Kiani addresses a press conference in Bangalore on January 2, 2017. Manjunath Kiran | AFP | Getty Images Despite voting for change at last year’s annual meeting, shareholders in medical device maker Masimo have seen their governance concerns go largely unresolved, according to activist investor Politan Capital Management. With … Read more
The Masimo logo is displayed at Masimo headquarters in Irvine, California, Dec. 27, 2023 Mario Tama | Getty Images Health-tech firm Masimo, facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital’s Quentin Koffey on Thursday that would fill a vacant board seat with one of the activist’s … Read more
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Politan Capital’s Quentin Koffey sent a letter to Masimo CEO Joe Kiani on Wednesday, demanding information about the health-tech company’s proposed spinoff of its consumer business. Koffey, who won a seat on Masimo’s board last year through a proxy fight, said that, despite his “repeated requests,” he … Read more
Founder and CEO of Masimo, Joe Kiani addresses a press conference in Bangalore on January 2, 2017. Manjunath Kiran | Afp | Getty Images Billionaire Masimo founder Joe Kiani, best known for his successful legal fight against Apple and his friendship with President Joe Biden, has borrowed against half of his $660 million stake in … Read more
Joe Kiani, CEO, Masimo Scott Mlyn | CNBC Health-tech company Masimo, best known for its successful patent litigation over the Apple Watch, is facing a proxy fight for the second time in two years — from the same activist investor who now sits on the company’s six-person board. Quentin Koffey’s Politan Capital, a roughly 9% … Read more
My top 10 things to watch Monday, March 25 1. U.S. stock futures were slightly lower Monday morning to kick off the final week of March. All three major benchmarks crossed new all-time high levels last week and are on track for their fifth consecutive month of gains. Looking ahead this week, Friday is the … Read more
The Apple Inc. iPhone 8, Airpods, and Apple Watch sit on the AirPower charger during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. David Paul Morris | Bloomberg | Getty Images Apple will remove the blood oxygen feature from its latest Apple Watches, a move that will … Read more
