Politan Capital Management Amends Masimo Stake
Ticker: MASI · Form: SC 13D/A · Filed: Jul 15, 2024 · CIK: 937556
| Field | Detail |
|---|---|
| Company | Masimo CORP (MASI) |
| Form Type | SC 13D/A |
| Filed Date | Jul 15, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, amendment, shareholder-stake
Related Tickers: MASI
TL;DR
Politan Capital Management filed an amendment to their Masimo stake. Watch for potential activist moves.
AI Summary
Politan Capital Management LP, through its affiliates, has amended its Schedule 13D filing regarding Masimo Corporation. The filing, dated July 15, 2024, indicates a change in their beneficial ownership. Quentin Koffey is a key individual associated with Politan Capital Management LP.
Why It Matters
This amendment signals potential shifts in shareholder influence and strategy for Masimo Corporation, as a significant investor updates its holdings.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant strategic changes, introducing uncertainty.
Key Players & Entities
- Politan Capital Management LP (company) — Filing entity
- Masimo Corporation (company) — Subject company
- Quentin Koffey (person) — Key individual at Politan Capital Management
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a previously filed Schedule 13D, indicating a change in the beneficial ownership of Masimo Corporation's securities by Politan Capital Management LP and its affiliates.
Who is filing this amendment?
The amendment is filed by Politan Capital Management LP, along with its group members Politan Capital Management GP LLC and Politan Capital Partners GP LLC.
What company is the subject of this filing?
The subject company is Masimo Corporation.
What is the CUSIP number for Masimo Corporation's common stock?
The CUSIP number for Masimo Corporation's Common Stock, par value $0.001 per share, is 574795100.
When was this filing made and as of what date?
The filing was made on July 15, 2024, and the date as of which the change is reported is also July 15, 2024.
Filing Stats: 1,701 words · 7 min read · ~6 pages · Grade level 12.9 · Accepted 2024-07-15 17:50:43
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- tm2419446d1_sc13da.htm (SC 13D/A) — 65KB
- tm2419446d1_ex99-14.htm (EX-99.14) — 14KB
- tm2419446d1_ex99-14img001.jpg (GRAPHIC) — 7KB
- tm2419446d1_ex99-14img002.jpg (GRAPHIC) — 4KB
- 0001104659-24-079914.txt ( ) — 97KB
PURPOSE OF TRANSACTION
ITEM 4. PURPOSE OF TRANSACTION
of the Schedule 13D is hereby amended and supplemented with the following information
Item 4 of the Schedule 13D is hereby amended and supplemented with the following information: On July 15, 2024, Politan, a Reporting Person, sent a letter to the Board. The letter is qualified in its entirety by reference to Exhibit 99.14, 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* Exhibit 99.14 Politan Letter, dated July 15, 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 15, 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* Exhibit 99.14 Politan Letter, dated July 15, 2024 *Previously filed.