Politan Capital Management Files Preliminary Proxy Statement In Connection With Its Nomination Of Two Independent Candidates For Election To The Masimo Board Of Directors; Says Masimo's Nomination Of Christopher Chavez Reflects A Continued Unwillingness To Add Truly Independent Directors To The Masimo Board
Portfolio Pulse from Benzinga Newsdesk
Politan Capital Management, an 8.9% shareholder of Masimo Corporation, has filed a preliminary proxy statement to nominate two independent candidates for Masimo's Board of Directors. Politan criticizes Masimo's nomination of Christopher Chavez, arguing it shows a reluctance to add truly independent directors. The nominations will be voted on at the 2024 Annual Meeting of Stockholders on July 25th.
June 03, 2024 | 1:01 pm
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Politan Capital Management, holding 8.9% of Masimo, has filed a proxy statement to nominate two independent candidates for the Board, criticizing the company's reluctance to add truly independent directors.
The filing of a proxy statement by a significant shareholder (8.9%) to nominate independent directors suggests potential changes in corporate governance, which could be viewed positively by investors seeking more independent oversight.
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