UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934
(Amendment No. )
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Preliminary Proxy Statement |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to §240.14a-12 |
![](https://www.sec.gov/Archives/edgar/data/937556/000121390024060640/image_001.jpg)
MASIMO CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
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On July 11, 2024, Masimo Corporation (“Masimo” or the
“Company”) issued the following press release in connection with Masimo’s 2024 Annual Meeting of Stockholders:
Masimo
Exposes Politan’s Governance Hypocrisy
Highlights
Quentin Koffey’s Actions That Have Flown in the Face of Good Governance
IRVINE,
Calif. – July
11, 2024 – Masimo Corporation (“Masimo” or the “Company”)
(NASDAQ: MASI) today highlighted the actions taken by Politan and Quentin Koffey since Masimo’s 2023 Annual Meeting of Stockholders
that directly contradict their purported commitment to good governance.
Over
the past twelve months, we believe Politan’s Quentin Koffey has repeatedly acted against the best interests of Masimo and its stockholders.
The summary provided below shows stockholders and the public the numerous actions Politan has taken to advance its own agenda at the
expense of Masimo’s governance and stockholder value.
We
encourage all our stockholders to vote FOR Joe Kiani and Christopher Chavez using the GOLD proxy card to protect Masimo’s future
and the value of your investment.
Find
more information on why your vote is so important at www.ProtectMasimosFuture.com.
Politan
Waged a 2023 Proxy War Against Masimo Under the Guise of Promoting Good Governance…
…Yet
over the last 12 months, in direct contradiction to his promises, Quentin Koffey has…
| × | rejected
all efforts to expand the Board and enhance oversight, including offers to add Politan’s
own nominees |
| × | refused
to fulfill even the most basic director responsibilities, including signing the 2023 Annual
Report and approving earnings releases |
| × | deceived
the Special Committee he chaired, and we believe subsequently lied to investors about the
true reasons for his failure |
| × | proposed
Masimo disenfranchise shareholders by having the CEO and the Lead Independent Director “swap”
classes for this election, violating core principles of good governance and Delaware law
simply to make his own proxy contest less difficult |
| × | repeatedly
confirmed Politan’s nominees would vote as a bloc, ensuring a deadlocked Board and
demonstrating their lack of independence and commitment to Politan’s agenda over shareholder
interests |
| × | sought
to override a possible shareholder vote against Mr. Kiani by reappointing him to the Board,
actively repudiating the wishes of the shareholders |
| × | pushed
for unqualified board members, including a supposed financial expert whose questionable track
record includes investing in a Ponzi scheme |
| × | formally
requested the Board invalidate a properly-noticed record date to disenfranchise a large shareholder
who had voted against Politan’s slate (and, by extension, any other holders voting
against the Politan slate) |
Politan’s
self-righteousness is not a “commitment” to good governance – it is a commitment to advancing its own agenda by any
means available
YOUR VOTE IS IMPORTANT—PLEASE USE THE
GOLD PROXY CARD TODAY!
Simply follow the easy instructions on the enclosed
GOLD proxy card to vote by internet or by
signing, dating, and returning the GOLD proxy card in the postage-paid envelope provided. If
you
received this letter by email, you may also vote by pressing the “VOTE NOW” button in the
accompanying email.
If you have questions about how to vote your
shares, please call the firm assisting us with the
solicitation of proxies, Innisfree M&A Incorporated, at:
+1 (877) 456-3463 (toll-free from the U.S. and
Canada)
or
+1 (412) 232-3651 (from other locations)
If you hold your shares in more than one account,
you will receive separate notifications. Please be
sure to vote ALL your accounts using the GOLD proxy card relating to each account.
|
About
Masimo
Masimo
(NASDAQ: MASI) is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies,
including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. In addition, Masimo Consumer
Audio is home to eight legendary audio brands, including Bowers & Wilkins, Denon, Marantz, and Polk Audio. Our mission is to improve
life, improve patient outcomes, and reduce the cost of care. Masimo SET® Measure-through Motion and Low Perfusion™
pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.1 Masimo
SET® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,2 improve
CCHD screening in newborns3 and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical
wards, reduce rapid response team activations, ICU transfers, and costs.4-7 Masimo SET® is estimated
to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,8 and
is the primary pulse oximetry at 9 of the top 10 hospitals as ranked in the 2022-23 U.S. News and World Report Best
Hospitals Honor Roll.9 In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing
noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin
(SpHb®), oxygen content (SpOC™), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®),
Pleth Variability Index (PVi®), RPVi™ (rainbow® PVi), and Oxygen Reserve Index (ORi™).
In 2013, Masimo introduced the Root® Patient Monitoring and Connectivity Platform, built from the ground up to be
as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo
additions include Next Generation SedLine® Brain Function Monitoring, O3® Regional Oximetry,
and ISA™ Capnography with NomoLine® sampling lines. Masimo’s family of continuous and spot-check monitoring
Pulse CO-Oximeters® includes devices designed for use in a variety of clinical and non-clinical scenarios, including
tetherless, wearable technology, such as Radius-7®, Radius PPG®, and Radius VSM™, portable devices
like Rad-67®, fingertip pulse oximeters like MightySat® Rx, and devices available for use both in
the hospital and at home, such as Rad-97® and the Masimo W1® medical watch. Masimo hospital and
home automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris® Gateway,
iSirona™, Patient SafetyNet, Replica®, Halo ION®, UniView®, UniView :60™, and
Masimo SafetyNet®. Its growing portfolio of health and wellness solutions includes Radius Tº®, Masimo
W1 Sport, and Masimo Stork™. Additional information about Masimo and its products may be found at www.masimo.com. Published
clinical studies on Masimo products can be found at www.masimo.com/evidence/featured-studies/feature/.
RPVi
has not received FDA 510(k) clearance and is not available for sale in the United States. The use of the trademark Patient SafetyNet
is under license from University HealthSystem Consortium.
References
| 1. | Published
clinical studies on pulse oximetry and the benefits of Masimo SET® can be
found on our website at http://www.masimo.com. Comparative studies include independent and
objective studies which are comprised of abstracts presented at scientific meetings and peer-reviewed
journal articles. |
| | |
| 2. | Castillo
A et al. Prevention of Retinopathy of Prematurity in Preterm Infants through Changes in Clinical
Practice and SpO2 Technology. Acta Paediatr. 2011 Feb;100(2):188-92. |
| | |
| 3. | de-Wahl
Granelli A et al. Impact of pulse oximetry screening on the detection of duct dependent congenital
heart disease: a Swedish prospective screening study in 39,821 newborns. BMJ. 2009;Jan
8;338. |
| | |
| 4. | Taenzer
A et al. Impact of pulse oximetry surveillance on rescue events and intensive care unit transfers:
a before-and-after concurrence study. Anesthesiology. 2010:112(2):282-287. |
| | |
| 5. | Taenzer
A et al. Postoperative Monitoring – The Dartmouth Experience. Anesthesia Patient
Safety Foundation Newsletter. Spring-Summer 2012. |
| | |
| 6. | McGrath
S et al. Surveillance Monitoring Management for General Care Units: Strategy, Design, and
Implementation. The Joint Commission Journal on Quality and Patient Safety. 2016 Jul;42(7):293-302. |
| | |
| 7. | McGrath
S et al. Inpatient Respiratory Arrest Associated With Sedative and Analgesic Medications:
Impact of Continuous Monitoring on Patient Mortality and Severe Morbidity. J Patient Saf.
2020 14 Mar. DOI: 10.1097/PTS.0000000000000696. |
| | |
| 8. | Estimate:
Masimo data on file. |
| | |
| 9. | http://health.usnews.com/health-care/best-hospitals/articles/best-hospitals-honor-roll-and-overview. |
Forward-Looking
Statements
This
press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, in connection with the Private Securities Litigation Reform Act of 1995. These forward-looking
statements include, among others, statements regarding the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”)
of Masimo and the potential stockholder approval of the Board’s nominees. These forward-looking statements are based on current
expectations about future events affecting Masimo and are subject to risks and uncertainties, all of which are difficult to predict and
many of which are beyond Masimo’s control and could cause its actual results to differ materially and adversely from those expressed
in its forward-looking statements as a result of various risk factors, including, but not limited to (i) uncertainties regarding future
actions that may be taken by Politan in furtherance of its nomination of director candidates for election at the 2024 Annual Meeting,
(ii) the potential cost and management distraction attendant to Politan’s nomination of director nominees at the 2024 Annual Meeting
and (iii) factors discussed in the “Risk Factors” section of Masimo’s most recent periodic reports filed with the Securities
and Exchange Commission (“SEC”), which may be obtained for free at the SEC’s website at www.sec.gov. Although Masimo
believes that the expectations reflected in its forward-looking statements are reasonable, the Company does not know whether its expectations
will prove correct. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing
cautionary statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today’s
date. Masimo does not undertake any obligation to update, amend or clarify these statements or the “Risk Factors” contained
in the Company’s most recent reports filed with the SEC, whether as a result of new information, future events or otherwise, except
as may be required under the applicable securities laws.
Additional
Information Regarding the 2024 Annual Meeting of Stockholders and Where to Find It
The
Company has filed a definitive proxy statement containing a form of GOLD proxy card with the SEC in connection with its solicitation
of proxies for its 2024 Annual Meeting. THE COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT
(AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING GOLD PROXY CARD AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders
may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company
with the SEC without charge from the SEC’s website at www.sec.gov.
Certain
Information Regarding Participants
The
Company, its directors and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation
of proxies from the Company’s stockholders in connection with the matters to be considered at the 2024 Annual Meeting. Information
regarding the direct and indirect interests, by security holdings or otherwise, of the Company’s directors and executive officers
in the Company is included in the Company’s definitive proxy statement for the 2024 Annual Meeting (the “2024 Proxy Statement”),
which can be found through the SEC’s website at https://www.sec.gov/ix?doc=/Archives/edgar/data/0000937556/000121390024053125/ea0206756-05.htm.
Changes to the direct or indirect interests of Masimo’s securities by directors and executive officers are set forth in SEC filings
on a Statement of Change in Ownership on Form 4 filed with the SEC on June 28, 2024, which can be found through the SEC’s website
at https://www.sec.gov/Archives/edgar/data/937556/000093755624000053/xslF345X05/wk-form4_1719606794.xml. Any other changes to the 2024
Proxy Statement may be found in any amendments or supplements to the 2024 Proxy Statement and other documents as and when filed by the
Company with the SEC, which can be found through the SEC’s website at www.sec.gov.
#
# #
Investor
Contact: Eli Kammerman |
|
Media
Contact: Evan Lamb |
(949)
297-7077 |
|
(949)
396-3376 |
ekammerman@masimo.com |
|
elamb@masimo.com |
Masimo (NASDAQ:MASI)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Masimo (NASDAQ:MASI)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024