Masimo activist agrees to end proxy fight if company expands board, adds both nominees
Publishing timestamp: 2024-05-09 16:04:46
Summary
Activist Politan Capital responded to settlement offer from Masimo with one of their own, proposing to expand the board to seven directors and add their two nominees. The settlement would allow CEO Joe Kiani to keep his seat and fulfill a promise to expand the board. The activist is willing to not mount a proxy fight to oust Kiani if their nominees are added to the board.
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Tickers: MASI,
Keywords: technology, breaking news: technology, breaking news, business news, craig reynolds, masimo corp,