Masimo Says "Politan And Quentin Koffey Have Relied On Misleading And False Statements To Distract Both Stockholders And Proxy Advisory Firms From Their Lack Of A Plan Or Strategy For Masimo"; ISS And Glass Lewis Based Recommendations; Egan-Jones Recommends "For" Both Of Masimo's Director Nominees Following Multiple Corrective Disclosures By Politan
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation (NASDAQ:MASI) is in a proxy battle with Politan Capital Management. Masimo accuses Politan of making false statements to influence stockholders and proxy advisory firms. Egan-Jones supports Masimo's director nominees, while ISS and Glass Lewis have based recommendations on Politan's claims. Masimo urges stockholders to vote for its nominees, warning of leadership departures if Politan gains control.
September 12, 2024 | 4:29 pm
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NEUTRAL IMPACT
Masimo is engaged in a legal and proxy battle with Politan Capital, which could impact its leadership and strategy. Egan-Jones supports Masimo's nominees, while ISS and Glass Lewis have been influenced by Politan's claims. The outcome of the September 19 vote is critical.
The proxy battle and legal accusations against Politan could lead to significant changes in Masimo's leadership and strategy, affecting investor confidence. The support from Egan-Jones is a positive sign, but the influence of ISS and Glass Lewis based on Politan's claims adds uncertainty. The outcome of the vote on September 19 will be pivotal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100