Masimo Files Investor Presentation Highlighting Strategic Initiatives To Deliver Robust Growth And Margin Expansion; Politan Is Making A Bid For Control Without Paying A Premium Or Articulating A Clear Plan Seeking To Replace Masimo Founder, Chairman And CEO Joe Kiani With Politan Nominees

Author: Benzinga Newsdesk | June 26, 2024 10:36am

Masimo's Strategy Capitalizes on Innovation to Enhance Growth and Create Value for All Stockholders

Politan is Making a Bid for Control Without Paying a Premium or Articulating a Clear Plan

Politan is Seeking to Replace Masimo Founder, Chairman and CEO Joe Kiani with Inferior Politan Nominees

Politan's Actions are a Threat to Stockholder Value

Masimo Has a Better Plan and Better Nominees

Strongly Encourages Stockholders to Vote FOR Joe Kiani and Christopher Chavez on the GOLD Proxy Card

Visit ProtectMasimosFuture.com for More Information

Masimo Corporation ("Masimo" or the "Company") (NASDAQ:MASI) today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its Annual Meeting of Stockholders to be held on July 25, 2024. The presentation lays out in detail:

• The Company's robust track record of innovation, led by Masimo Founder, Chairman and CEO Joe Kiani, that supports Masimo's longstanding valuation premium to industry peers;
• Masimo's strategic initiatives for sustained growth and margin expansion that are expected to more than double adjusted EPS to ~$8 by 2029; and
• The Company's belief that Politan's value-destructive agenda to oust Mr. Kiani and take control of Masimo without paying a premium or articulating an exercisable plan poses a significant risk to the value of the Company.

To safeguard stockholders' investments and ensure continued value creation, the Board strongly recommends that stockholders vote FOR Masimo's highly qualified director nominees, Joe Kiani and Christopher Chavez.

The presentation is available here.

Posted In: MASI