Masimo seeks to stave off proxy fight with Politan, makes settlement offer
MASIMasimo(MASI) CNBC·2024-05-10 01:39

The Masimo logo is displayed at Masimo headquarters on December 27, 2023 in Irvine, California. Health-technology 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 proposed directors. Masimo's lead independent director Craig Reynolds said he hoped adding Politan's nominee William Jellison to the company's board would help "avoid the significant d ...