Politan Capital Management Amends Masimo Corp Filing
Ticker: MASI · Form: SC 13D/A · Filed: May 8, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | SC 13D/A |
| Filed Date | May 8, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, ownership-change
Related Tickers: MASI
TL;DR
Politan Capital Management updated their Masimo stake filing. Keep an eye on this one.
AI Summary
Politan Capital Management LP, through its affiliates, has amended its Schedule 13D filing regarding Masimo Corporation, as of May 8, 2024. The filing indicates a change in beneficial ownership, with Quentin Koffey listed as a key individual. The specific percentage of shares held or any dollar amounts are not detailed in this excerpt.
Why It Matters
This filing update from a significant shareholder like Politan Capital Management could signal changes in strategy or influence over Masimo Corporation's direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant corporate actions, indicating potential volatility.
Key Players & Entities
- Politan Capital Management LP (company) — Filing entity
- Masimo Corporation (company) — Subject company
- Quentin Koffey (person) — Key individual associated with filing entity
FAQ
What is the specific date of the change in beneficial ownership reported in this amendment?
The filing indicates the 'DATE AS OF CHANGE' is 20240508.
Who are the group members associated with Politan Capital Management in this filing?
The group members listed are POLITAN CAPITAL MANAGEMENT GP LLC and POLITAN CAPITAL PARTNERS GP LLC.
What is the CUSIP number for Masimo Corporation's common stock?
The CUSIP number for Masimo Corporation's common stock is 574795100.
What is the business address of Masimo Corporation?
Masimo Corporation's business address is 52 Discovery, Irvine, CA 92618.
What is the filing type and SEC Act under which this document was submitted?
This document is a SC 13D/A filing under the Securities Exchange Act of 1934.
Filing Stats: 1,698 words · 7 min read · ~6 pages · Grade level 13.8 · Accepted 2024-05-08 17:26:20
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- tm2413948d1_sc13da.htm (SC 13D/A) — 68KB
- tm2413948d1_ex99-10.htm (EX-99.10) — 18KB
- 0001104659-24-058881.txt ( ) — 87KB
PURPOSE OF TRANSACTION
ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Schedule 13D is hereby amended and supplemented with the following information: On May 8, 2024, Quentin Koffey, a Reporting Person, submitted a books and records request (the “ Demand Letter ”) to the Issuer pursuant to Section 220 of the Delaware General Corporation Law, demanding to inspect certain books and records of the Issuer relating to the Issuer’s proposed separation of its consumer business as well as the identity of a joint venture partner that has not yet been disclosed to the full Board. The Demand Letter is attached hereto as Exhibit 99.10 and is incorporated herein by reference. ITEM 7. MATERIAL TO BE FILED AS AN EXHIBIT Exhibit 99.1 Joint Filing Agreement among Politan Capital Management LP, Politan Capital Management GP LLC, Politan Capital Partners GP LLC, and Quentin Koffey* Exhibit 99.2 Trading Data* Exhibit 99.3 Trading Data* Exhibit 99.4 Form of Verified Complaint, filed with the Delaware Court of Chancery on October 21, 2022* Exhibit 99.5 Form of Second Amended and Supplemented Complaint, filed as an Exhibit to the Motion for Leave to Amend with the Delaware Court of Chancery on March 10, 2023* Exhibit 99.6 Form of Engagement and Indemnification Agreement entered into by and between Politan Capital Management LP and Michelle Brennan* Exhibit 99.7 Trading Data* Exhibit 99.8 Press Release, dated June 26, 2023* Exhibit 99.9 Form of Engagement and Indemnification Agreement entered into by and between Politan Capital Management LP and each of William Jellison and Darlene Solomon* Exhibit 99.10 Demand Letter, dated May 8, 2024 *Previously filed. CUSIP No. 574795100 Page 7
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 8, 2024 POLITAN CAPITAL MANAGEMENT LP By: Politan Capital Management GP LLC, its general partner By: /s/ Quentin Koffey Name: Quentin Koffey Title: Managing Member POLITAN CAPITAL MANAGEMENT GP LLC By: /s/ Quentin Koffey Name: Quentin Koffey Title: Managing Member POLITAN CAPITAL PARTNERS GP LLC By: /s/ Quentin Koffey Name: Quentin Koffey Title: Managing Member QUENTIN KOFFEY By: /s/ Quentin Koffey Name: Quentin Koffey CUSIP No. 574795100 Page 8 INDEX TO EXHIBITS Exhibit Description Exhibit 99.1 Joint Filing Agreement among Politan Capital Management LP, Politan Capital Management GP LLC, Politan Capital Partners GP LLC, and Quentin Koffey* Exhibit 99.2 Trading Data* Exhibit 99.3 Trading Data* Exhibit 99.4 Form of Verified Complaint, filed with the Delaware Court of Chancery on October 21, 2022* Exhibit 99.5 Form of Second Amended and Supplemented Complaint, filed as an Exhibit to the Motion for Leave to Amend with the Delaware Court of Chancery on March 10, 2023* Exhibit 99.6 Form of Engagement and Indemnification Agreement entered into by and between Politan Capital Management LP and Michelle Brennan* Exhibit 99.7 Trading Data* Exhibit 99.8 Press Release, dated June 26, 2023* Exhibit 99.9 Form of Engagement and Indemnification Agreement entered into by and between Politan Capital Management LP and each of William Jellison and Darlene Solomon* Exhibit 99.10 Demand Letter, dated May 8, 2024 *Previously filed.