Masimo Corp Files 8-K: Operations, Personnel Changes, Financials
Ticker: MASI · Form: 8-K · Filed: Oct 29, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | 8-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel-changes, financials
Related Tickers: MASI
TL;DR
MASI 8-K dropped: Financials, exec departures, new directors. Check it out.
AI Summary
Masimo Corporation filed an 8-K on October 24, 2024, reporting on its results of operations and financial condition. The filing also disclosed the departure of directors or certain officers, the election of directors, and compensatory arrangements for certain officers. Additionally, it included financial statements and exhibits.
Why It Matters
This filing provides crucial updates on Masimo's financial performance and significant changes in its leadership and board structure, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — The filing involves financial results and significant corporate governance changes, which can introduce uncertainty and affect stock price.
Key Players & Entities
- Masimo Corporation (company) — Registrant
- October 24, 2024 (date) — Date of earliest event reported
- DE (jurisdiction) — State of incorporation
- 001-33642 (company_id) — SEC File Number
- 33-0368882 (company_id) — IRS Employer Identification No.
- 52 Discovery Irvine, CA 92618 (address) — Principal Executive Offices
- 949-297-7000 (phone_number) — Registrant's telephone number
FAQ
What specific financial results were reported by Masimo Corporation in this 8-K?
The 8-K filing indicates reporting on 'Results of Operations and Financial Condition' but does not provide specific financial figures within the provided text.
Were there any executive departures or appointments mentioned in the filing?
Yes, the filing explicitly mentions 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers'.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 24, 2024.
What is Masimo Corporation's principal executive office address?
Masimo Corporation's principal executive office is located at 52 Discovery Irvine, CA 92618.
What is the SEC file number for Masimo Corporation?
The SEC file number for Masimo Corporation is 001-33642.
Filing Stats: 643 words · 3 min read · ~2 pages · Grade level 13 · Accepted 2024-10-29 17:00:23
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value MASI The Nasdaq Stock Market
Filing Documents
- masi-20241024.htm (8-K) — 33KB
- masi-20241024_g1.jpg (GRAPHIC) — 199KB
- 0000937556-24-000102.txt ( ) — 633KB
- masi-20241024.xsd (EX-101.SCH) — 2KB
- masi-20241024_def.xml (EX-101.DEF) — 15KB
- masi-20241024_lab.xml (EX-101.LAB) — 26KB
- masi-20241024_pre.xml (EX-101.PRE) — 15KB
- masi-20241024_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. Masimo Corporation ("Masimo") prepares its consolidated financial statements in accordance with accounting principles generally accepted in the United States ("GAAP"). Masimo continues to reaffirm its non-GAAP financial guidance for the third quarter of 2024 previously provided on August 6, 2024 and reaffirmed on September 25, 2024. Masimo today is also reaffirming its non-GAAP earnings guidance for the full 2024 fiscal year previously provided on August 6, 2024, including revenue guidance for the healthcare segment. As previously announced, Masimo continues to evaluate strategic alternatives for its consumer segment. In accordance with General Instructions B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 5.02. ..... Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Following a review by outside counsel, on October 24, 2024, the Board of Directors (the "Board") of Masimo adopted resolutions to terminate the employment of Masimo's Chief Executive Officer, Joe Kiani, effective October 24, 2024. As previously reported, the Board has appointed Michelle Brennan as Interim Chief Executive Officer.
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 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 29, 2024 By: /s/ M ICAH Y OUNG Micah Young Executive Vice President & Chief Financial Officer (Principal Financial Officer)