Monday, activist investor Quentin Koffey, the founder of Politan Capital Management, nominated two candidates for election to the Masimo Board of Directors at the upcoming 2024 Annual Meeting of Stockholders.
Wall Street Journal was the first to report that the company is gearing up for a proxy fight to secure two additional seats on the board of Masimo Corporation (NASDAQ:MASI).
The move comes as Politan already holds two board seats and aims to bolster its influence within the company.
Masimo, with a market value of approximately $7.1 billion, offers monitoring technologies, including pulse oximeters utilized in hospital settings.
Koffey’s Politan Capital Management has maintained a significant stake of around 9% ...
business As Activist Investor Seeks Expanded Board Presence>Full story available on Benzinga.com