Masimo files commences litigation against Politan Capital Management

Masimo announced that it has commenced litigation against Politan Capital Management in federal court in California seeking to require Politan to correct material misstatements and omissions in Politan’s proxy materials. The complaint alleges, among other things, that Quentin Koffey has assisted plaintiff’s counsel in litigation against Masimo. Masimo has also set a new date for its 2024 annual meeting of stockholders and a new record date. The meeting is now scheduled for September 19. Masimo will also conduct a new broker search as required by rules of the Securities Exchange Commission. Accordingly, the new record date is August 12. Any votes previously submitted by Masimo stockholders in connection with the annual meeting will not be counted and previous proxies submitted will be disregarded, and therefore, all stockholders will need to resubmit their votes, even if they have previously voted.