Masimo Corp Files Definitive Additional Materials
Ticker: MASI · Form: DEFA14A · Filed: Jun 26, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | DEFA14A |
| Filed Date | Jun 26, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $8 b, $8, $1.70, $2.75 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, filing-update
TL;DR
Masimo Corp dropped more proxy docs, no fee needed.
AI Summary
Masimo Corporation filed definitive additional materials on June 26, 2024, related to its proxy statement. The filing is a definitive additional material, indicating it contains supplementary information for shareholders. No fee was required for this filing.
Why It Matters
This filing provides shareholders with updated or supplementary information regarding Masimo Corporation's proxy statement, which is crucial for voting on corporate matters.
Risk Assessment
Risk Level: low — This filing is administrative in nature, providing additional materials for a proxy statement, and does not contain new financial or strategic information that would inherently increase risk.
Key Players & Entities
- MASIMO CORP (company) — Registrant
- 0001213900-24-055984.txt (document) — Accession Number
- 20240626 (date) — Filing Date
FAQ
What type of filing is this for Masimo Corporation?
This is a DEFA14A filing, specifically 'Definitive Additional Materials' for a proxy statement.
When was this filing made?
The filing was made on June 26, 2024.
Is there a fee associated with this filing?
No, the filing indicates 'No fee required'.
What is the Central Index Key (CIK) for Masimo Corporation?
The CIK for Masimo Corporation is 0000937556.
What is Masimo Corporation's business address?
Masimo Corporation's business address is 52 Discovery, Irvine, CA 92618.
Filing Stats: 4,409 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2024-06-26 10:43:24
Key Financial Figures
- $8 b — ed to more than double adjusted EPS to ~$8 by 2029; and The Company’s belief
- $8 — 2023 to ~30% in 2029), with a path to ~$8 Non - GAAP EPS by 2029. Masimo will see
- $1.70 — products (~7 - 10% growth resulting in $1.70 - $2.75 EPS benefit) We believe Politan
- $2.75 — s (~7 - 10% growth resulting in $1.70 - $2.75 EPS benefit) We believe Politan’s
Filing Documents
- ea0208530-defa14a_masimo.htm (DEFA14A) — 196KB
- image_001.jpg (GRAPHIC) — 208KB
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- 0001213900-24-055984.txt ( ) — 27650KB
Forward-Looking Statements
Forward-Looking Statements This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in connection with the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) of Masimo and the potential stockholder approval of the Board’s nominees and the potential separation of Masimo’s consumer business (the “Potential Separation”), Masimo’s expectation that the Potential Separation will maximize shareholder value or be the best path for success, Masimo’s plans to grow consumable and service revenue across all technology platforms, Masimo’s strategic initiatives, Masimo’s estimates, forecasts and expectations for its gross margin, R&D expenses, SG&A expenses and non-GAAP operating margin and Masimo’s long-term revenue growth, operating margin and earnings per share estimates and targets. These forward-looking statements are based on current expectations about future events affecting Masimo and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond Masimo’s control and could cause its actual results to differ materially and adversely from those expressed in its forward-looking statements as a result of various risk factors, including, but not limited to (i) uncertainties regarding the Potential Separation, (ii) uncertainties regarding future actions that may be taken by Politan in furtherance of its nomination of director candidates for election at the 2024 Annual Meeting, (iii) the potential cost and management distraction attendant to Politan’s nomination of director nominees at the 2024 Annual Meeting and (iv) factors discussed in the “Risk Factors” section of Mas