Masimo shares are down on first-quarter results that beat the consensus forecast. Shares of MASI fell more than 5% to $152.84 apiece by midday trading today — the day after Masimo’s post-market-close earnings release. The company shared its plans to sell its Sound United consumer audio segment for approximately $350 million to Harman International. Masimo […]
Masimo
Former Masimo CEO Kiani wants court to toss ’empty voting’ lawsuit
Former Masimo CEO Joe Kiani has petitioned a U.S. District Court to dismiss a lawsuit accusing him of orchestrating an “empty voting” scheme during a proxy battle. The lawsuit, filed by Masimo, alleges that Kiani collaborated with investment firm RTW Investments to manipulate the company’s 2024 annual shareholder meeting to retain control. Kiani’s legal team […]
Former Masimo CEO Joe Kiani plans to sue board members
Former Masimo CEO Joe Kiani submitted a Private Attorneys General Act (PAGA) notice in a move to sue Masimo board members. In a February 28 letter to the California Labor & Workforce Development Agency (LWDA), Kiani alleges that Masimo, under the direction of investment firm Politan Capital Management and its allies on the board, “resorted […]
Masimo stock up on boosted Q4 earnings, increased guidance
Masimo says strategic realignment efforts near the end of last year increased the digital health pioneer’s earnings power. MASI shares were up more than 8% to $184 apiece in morning trading today — after yesterday’s after-market news of the company’s Street-beating fourth-quarter EPS and upped full-year earnings guidance for 2025. The Q4 report was welcome […]
Masimo names former Edwards Critical Care leader Katie Szyman as next CEO
Masimo announced today that it appointed Katie Szyman as its new CEO, effective Feb. 12, 2025. Szyman’s appointment comes after a topsy-turvy year for the home health monitoring technology developer. Founder and CEO Joe Kiani resigned after a September shareholder vote that ousted him from the position of board chair following a lengthy proxy battle between Masimo […]
Masimo expects healthcare sales to grow around 10% in 2025
Masimo today announced preliminary financial results for the fourth quarter of 2024 and for the full year. MASI shares fell 2.5% to $167.73 apiece this morning. The annual results follow a year of significant upheaval at the top of the company. Founder and CEO Joe Kiani resigned after a September shareholder vote that ousted him from the position of […]
Masimo is laying off 75 at its headquarters campus
Masimo is laying off 75 employees at its headquarters campus in Irvine, California. The layoffs — many involving engineers and designers — are permanent and go into effect Jan. 13, 2025, Masimo informed the California Employment Development Department in a WARN letter dated Nov. 14, 2024. The layoffs at the health tracking and digital health […]
Masimo stock rises on Street-beating Q3, raised EPS guidance
Masimo (Nasdaq:MASI) shares ticked up before hours today on third-quarter results that came in ahead of the consensus forecast. Shares of MASI rose more than 11% to $168.52 apiece by late afternoon trading today. The Irvine, California-based patient monitoring tech company reported profits of $9.8 million. That equals 18¢ per share on sales of $504.6 […]
Masimo sues founder Joe Kiani, RTW Investments over alleged voting manipulation scheme
Masimo has filed a lawsuit against its founder and former CEO Joe Kiani and investment firm RTW Investments, accusing them of illegally manipulating a recent shareholder vote. The suit, filed in the New York Southern District federal court, alleges Kiani and RTW orchestrated an “empty voting” scheme to boost RTW’s voting power without corresponding economic […]
Both sides claim wins in Apple’s IP case against Masimo
A federal jury has found that Masimo smartwatches infringed on two of Apple’s smartwatches, according to media reports. However, the jury on Oct. 25 only levied a $250 penalty — the statutory minimum in the U.S. — against Masimo, according to reports from Reuters and other media outlets. A lawyer for Apple reportedly told the […]
Masimo adds two new board members following Politan victory
Masimo announced today that it appointed Timothy Scannell and Wendy Lane to its board of directors. The appointments go into effect immediately, expanding Masimo’s board to eight directors. Last month, Masimo founder and CEO Joe Kiani resigned after activist investor Politan Capital Management ousted him as board chair. Kiani said before the vote that he […]
