Masimo Corp. Announces Board Changes and Officer Compensation
Ticker: MASI · Form: 8-K · Filed: Oct 18, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | 8-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $70,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: MASI
TL;DR
Masimo's board is shaking up: Yauch out, Pearse & Shulman in. Officer pay details also released.
AI Summary
Masimo Corp. announced on October 16, 2024, the departure of director Robert E. Yauch and the election of new directors, including Dr. David E. Pearse and Mr. Steven J. Shulman. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes and executive compensation adjustments can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Masimo Corp. (company) — Registrant
- Robert E. Yauch (person) — Departing Director
- Dr. David E. Pearse (person) — Newly Elected Director
- Mr. Steven J. Shulman (person) — Newly Elected Director
- October 16, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Masimo Corp. board of directors?
Robert E. Yauch has departed from the Masimo Corp. board of directors as of October 16, 2024.
Who has been elected as new directors to the Masimo Corp. board?
Dr. David E. Pearse and Mr. Steven J. Shulman have been elected as new directors to the Masimo Corp. board.
What is the principal executive office address for Masimo Corp.?
The principal executive office address for Masimo Corp. is 52 Discovery, Irvine, CA 92618.
What is the telephone number for Masimo Corp.?
The telephone number for Masimo Corp. is (949) 297-7000.
What is the SIC code for Masimo Corp.?
The Standard Industrial Classification (SIC) code for Masimo Corp. is 3845, which corresponds to ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS.
Filing Stats: 1,440 words · 6 min read · ~5 pages · Grade level 9.6 · Accepted 2024-10-18 09:02:13
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value MASI The Nasdaq Stock Market
- $70,000 — eive cash compensation in the amount of $70,000 per year for their service on the Board
- $200,000 — stock having a grant date fair value of $200,000, rounded down to the nearest whole shar
Filing Documents
- masi-20241016.htm (8-K) — 40KB
- masi-20241016xex991.htm (EX-99.1) — 16KB
- masi-20241016_g1.jpg (GRAPHIC) — 199KB
- masimologoq2020.jpg (GRAPHIC) — 4KB
- 0000937556-24-000092.txt ( ) — 670KB
- masi-20241016.xsd (EX-101.SCH) — 3KB
- masi-20241016_def.xml (EX-101.DEF) — 15KB
- masi-20241016_lab.xml (EX-101.LAB) — 26KB
- masi-20241016_pre.xml (EX-101.PRE) — 15KB
- masi-20241016_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) The following items are filed as exhibits to the Current Report on Form 8-K. Exhibit No. Description 99.1 Press Release, Dated October 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Masimo Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MASIMO CORPORATION Date: October 18, 2024 By: /s/ M ICAH Y OUNG Micah Young Executive Vice President & Chief Financial Officer (Principal Financial Officer)