Activist investor Politan Capital seeks two board seats in Masimo Corp, criticizing capital allocation and board oversight, with plans to nominate William Jellison and Darlene Solomon.
Activist investor Politan Capital Management, owning 9% of Masimo Corp shares, plans a second proxy battle for two more board seats. Politan has criticized Masimo's capital allocation and board oversight, especially regarding the $1B acquisition of Sound United. Politan aims to nominate William Jellison, former CFO of Stryker, and Darlene Solomon, former CTO of Agilent Technologies, for the board.
March 25, 2024
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