Masimo Shareholder Politan Capital Campaigns for 2 More Board Seats

MT Newswires Live06-26

Masimo (MASI) investor Politan Capital Management urged other shareholders Wednesday to vote for two Politan nominees to the board, saying the company needs a majority of "truly independent" directors to safeguard shareholder value.

Politan Capital, which has a 9% stake in Masimo, has nominated former Agilent Technologies (A) Chief Technology Officer Darlene Solomon and former Stryker (SYK) Chief Financial Officer William Jellison, Politan founder Quentin Koffey said in a letter to Masimo shareholders.

Koffey and another Politan nominee, Michelle Brennan, were elected to Masimo's board last year.

Masimo didn't immediately respond to a request for comment from MT Newswires.

Price: 135.13, Change: +2.70, Percent Change: +2.04

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