Politan Capital Management Amends Masimo Corp Filing

TL;DR

Politan Capital Management updated their stake in Masimo Corp on 7/8/24.

AI Summary

Politan Capital Management LP, through its affiliates, has amended its Schedule 13D filing regarding Masimo Corporation as of July 8, 2024. The filing indicates a change in beneficial ownership, with Quentin Koffey being a key individual associated with Politan Capital Management. The specific details of the ownership change and the percentage of shares held are not fully detailed in this excerpt but represent an update to their previous filings.

Why It Matters

This amendment signals ongoing activity and potential strategic shifts by a significant shareholder in Masimo Corporation, which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate activist investor involvement or significant stake-building, which can lead to volatility and strategic changes for the company.

Key Players & Entities

• Politan Capital Management LP (company) — Filing entity
• Masimo Corporation (company) — Subject company
• Quentin Koffey (person) — Key individual at filing entity

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm2419000d1_sc13da.htm (SC 13D/A) — 69KB
• tm2419000d1_ex99-12.htm (EX-99.12) — 9KB
• tm2419000d1_ex99-12.jpg (GRAPHIC) — 11KB
• 0001104659-24-078190.txt ( ) — 90KB

PURPOSE OF TRANSACTION

ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Schedule 13D is hereby amended and supplemented with the following information: On July 3, 2024, Politan, a Reporting Person, sent a letter to the Board, regarding empty voting. As discussed in the Issuer Proxy Statement, shareholders of record of the Issuer may revoke their proxy or change their vote at any time before the final vote tabulation at the annual meeting of the Issuer’s stockholders. The letter is qualified in its entirety by reference to Exhibit 99.12, which is attached hereto 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* Exhibit 99.11 Politan Letter, dated May 9, 2024* Exhibit 99.12 Politan Letter, dated July 3, 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: July 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* Exhibit 99.11 Politan Letter, dated May 9, 2024* Exhibit 99.12 Politan Letter, dated July 3, 2024 *Previously filed.

View Full Filing

View this SC 13D/A filing on SEC EDGAR