Masimo Announces Nomination of Independent Candidate to the Board of Directors
Masimo (NASDAQ: MASI) announced today that its Board of Directors has nominated Christopher Chavez for election as a Class II Director at the Company’s 2024 Annual Meeting of Stockholders.
- Masimo (NASDAQ: MASI) announced today that its Board of Directors has nominated Christopher Chavez for election as a Class II Director at the Company’s 2024 Annual Meeting of Stockholders.
- Craig Reynolds, Masimo’s Lead Independent Director and Chair of the Nominating, Compliance and Corporate Governance Committee, said, “We’re pleased to announce Chris’s nomination.
- “I look forward to working with the entire Board to help Masimo reach its full potential.”
Separately, the Company extended its third settlement offer to Politan Capital Management, proposing that Mr. Chavez and Politan nominee William Jellison be added to the Board. - The expansion of the Board to seven members, six of whom are independent, would avoid concerns of potential deadlock on the Board.