Masimo investor claims proxy war win as CEO Kiani fails to retain board seat

By Yahoo! Finance | Sep 20, 2024 at 01:53 PM EST

Activist investor Politan secures a proxy victory at Masimo, gaining majority control of the board with nominees Solomon and Jellison joining existing members Koffey and Brennan. The new board aims to steer Masimo towards innovation and growth, supporting a potential separation of the consumer business.

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