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Masimo activist agrees to end proxy fight if company expands board, adds both nominees

by Editor May 12, 2024, 6:50 pm 1.6k Views

Masimo activist agrees to end proxy fight if company expands board, adds both nominees

The Masimo logo is displayed at Masimo headquarters in Irvine, California, Dec. 27, 2023

Mario Tama | Getty Images

Activist Politan Capital said on Thursday it would not mount a proxy fight to oust Masimo CEO Joe Kiani if the company agreed to add the activist’s two new directors, according to a letter viewed by CNBC, responding to the company’s settlement offer with one of their own.

Earlier in the day, Masimo had offered to add one of…

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