Politan Capital Management Amends Masimo Stake Filing
Ticker: MASI · Form: SC 13D/A · Filed: Jul 12, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | SC 13D/A |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, investor-filing
Related Tickers: MASI
TL;DR
Politan Capital Management updated their Masimo filing on 7/12/24. Still a big player.
AI Summary
Politan Capital Management LP, through its affiliates, has amended its Schedule 13D filing regarding Masimo Corporation. The filing, dated July 12, 2024, indicates a continued significant stake in the company. Quentin Koffey is identified as a key individual associated with Politan Capital Management LP.
Why It Matters
This amendment signals ongoing investor activity and potential strategic interest in Masimo Corporation by Politan Capital Management.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing a degree of uncertainty.
Key Players & Entities
- Politan Capital Management LP (company) — Filing entity
- Masimo Corporation (company) — Subject company
- Quentin Koffey (person) — Associated with filing entity
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a previously filed Schedule 13D, indicating changes or updates to the information reported by Politan Capital Management LP concerning their beneficial ownership of Masimo Corporation securities.
Who is the filing entity and who is the subject company?
The filing entity is Politan Capital Management LP, and the subject company is Masimo Corporation.
What is the date of this amendment?
The filing was made on July 12, 2024.
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?
The business address of Masimo Corporation is 52 Discovery, Irvine, CA 92618.
Filing Stats: 1,725 words · 7 min read · ~6 pages · Grade level 13.2 · Accepted 2024-07-12 15:26:50
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- tm2419401d2_sc13da.htm (SC 13D/A) — 65KB
- tm2419401d2_ex99-13.htm (EX-99.13) — 11KB
- logo.jpg (GRAPHIC) — 11KB
- 0001104659-24-079522.txt ( ) — 88KB
PURPOSE OF TRANSACTION
ITEM 4. PURPOSE OF TRANSACTION
of the Schedule 13D is hereby amended
Item 4 of the Schedule 13D is hereby amended and supplemented with the following information: On July 12, 2024, Politan, a Reporting Person, sent a letter to the Board, regarding empty voting. As discussed in the Issuer Proxy Statement, stockholders 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 99.13, 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* Exhibit 99.13 Politan Letter, dated July 12, 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 12, 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* Exhibit 99.13 Politan Letter, dated July 12, 2024 *Previously filed.