Masimo is fighting with Politan Capital Management again after the activist investor won a heated battle for two seats last year. Politan Managing Partner and Chief Investment Officer Quentin Koffey said his firm is nominating two more candidates for election to the board at this year’s annual meeting in a bid to take control of […]
Politan Capital Management
Masimo loses board seats to activist investor Politan
Masimo shareholders voted to oust two members of the device developer’s board after a heated battle by activist investor Politan Capital Management. Masimo has yet to release official results, but acknowledged defeat today in a statement to MassDevice. “We are disappointed to have lost the valuable contributions of two very qualified and capable board members,” […]
ISS backs Politan’s nominees in Masimo board battle; Device developer says CEO is the target
Politan Capital Management’s fight for two Masimo board seats won a key endorsement from proxy advisory firm Institutional Shareholder Services (ISS), the activist investor said today. ISS is recommending Masimo shareholders vote for Politan’s two board nominees: Politan Managing Partner and Chief Investment Officer Quentin Koffey and former Johnson & Johnson MedTech executive Michelle Brennan. […]
Masimo makes an offer in board election fight with Politan
Masimo today promised to accept one of the board members proposed by Politan Capital Management under certain conditions while taking more shots at the activist investor’s leader. The device developer said it would appoint former Johnson & Johnson MedTech executive Michelle Brennan to the board if shareholders voted to expand it from five members to […]
Masimo management trades blows with activist investor Politan
The fight for two seats on the Masimo board is heating up ahead of the medtech developer’s annual shareholder meeting next month. Masimo management and activist investor Politan Capital Management released dueling presentations over the last 24 hours in support of their respective director nominees. Previously: Masimo beats the Street in Q1 ahead of proxy […]