- Reuters
UPDATE 4-Masimo prepared to provide one board seat if activist Politan drops proxy contest
Masimo said on Thursday that it is prepared to appoint Politan Capital Management's nominee William Jellison as a director on its board, if the activist investor withdraws its other nominee and drops its proxy contest. Quentin Koffey-owned Politan has long criticized Masimo's capital allocation and board oversight and expressed particular concern about its $1 billion purchase of consumer audio products maker Sound United in 2022. In a letter addressed to Koffey, Masimo's director Craig Reynolds said a settlement would ensure that the company isn't distracted by a proxy contest as it evaluates the proposed separation of its consumer business announced on March 22.
- Insider Monkey
Masimo Corporation (NASDAQ:MASI) Q1 2024 Earnings Call Transcript
Masimo Corporation (NASDAQ:MASI) Q1 2024 Earnings Call Transcript May 7, 2024 Masimo Corporation misses on earnings expectations. Reported EPS is $0.3487 EPS, expectations were $0.71. MASI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon ladies and gentlemen and […]
- Zacks
Masimo (MASI) Q1 Earnings Beat Estimates, '24 EPS View Up
Masimo's (MASI) Q1 healthcare revenues reflect strong sensor orders, which were completely offset by lower capital equipment purchases. Sensor production in Malaysia is likely to improve Healthcare gross margin.
