DEI Holdings

iFIT Expands C-Suite with New Chief Marketing Officer and Chief International Officer

Retrieved on: 
Tuesday, April 2, 2024

iFIT, a global leader in connected fitness hardware, software and subscription content, today announced the recent appointments of Mark Phillips as new Chief Marketing Officer, and Bart Muller as Chief International Officer, to expand the Company’s C-suite and achieve its mission to transform people’s lives.

Key Points: 
  • iFIT, a global leader in connected fitness hardware, software and subscription content, today announced the recent appointments of Mark Phillips as new Chief Marketing Officer, and Bart Muller as Chief International Officer, to expand the Company’s C-suite and achieve its mission to transform people’s lives.
  • View the full release here: https://www.businesswire.com/news/home/20240402407262/en/
    “We are thrilled to expand our leadership team with the strategic appointments of Mark and Bart, during this exciting and pivotal time for iFIT,” said Kevin Duffy, Chief Executive Officer of iFIT.
  • As CMO at iFIT, Phillips oversees all aspects of the brand’s portfolio of award-winning products including iFIT, NordicTrack, ProForm and Freemotion.
  • As Chief International Officer at iFIT, Muller continues to drive the company forward with a unique blend of international experience, vision, and a deep appreciation for the transformative power of an active lifestyle.

Masimo Board of Directors Highlights Value of Company’s Mission-Driven Innovation in Letter to Stockholders

Retrieved on: 
Tuesday, June 13, 2023

The Board of Directors of Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) today issued a letter to stockholders in connection with the Company’s Annual Meeting of Stockholders to be held on June 26, 2023.

Key Points: 
  • The Board of Directors of Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) today issued a letter to stockholders in connection with the Company’s Annual Meeting of Stockholders to be held on June 26, 2023.
  • Politan’s nominee Quentin Koffey has claimed he will “fix” innovation at Masimo but has provided no concrete plan.
  • If Mr. Koffey is elected to the Board, his efforts to “fix” Masimo are far more likely to harm the Company.
  • But unlike J.C. Penney at the time, Masimo is a fast-growing, highly valued market leader in a complex, innovation-driven industry.

Masimo Board of Directors Sets the Record Straight on False and Misleading Claims

Retrieved on: 
Thursday, June 1, 2023

The Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) Board of Directors today issued a letter to stockholders to set the record straight on the many highly misleading and inaccurate claims recently published by Politan Capital Management (“Politan”).

Key Points: 
  • The Masimo Corporation (“Masimo” or the “Company”) (Nasdaq: MASI) Board of Directors today issued a letter to stockholders to set the record straight on the many highly misleading and inaccurate claims recently published by Politan Capital Management (“Politan”).
  • If shareholders approve the expansion of the Board, we will consider Ms. Brennan along with the other Board candidates and add the two best to Masimo’s Board.
  • On the other hand, Mr. Koffey is totally unqualified for the board of any medical technology company, much less Masimo’s Board.
  • Mr. Koffey has not demonstrated the trustworthy and principled behavior that Masimo shareholders should expect from their Board members.

Politan Releases Investor Presentation Detailing Why New Directors Are Needed on the Masimo Board and Responds to Company’s Disingenuous Claims

Retrieved on: 
Tuesday, May 30, 2023

Politan is seeking refreshed corporate governance at Masimo befitting a public company, not corporate control – and any suggestion otherwise is completely baseless.

Key Points: 
  • Politan is seeking refreshed corporate governance at Masimo befitting a public company, not corporate control – and any suggestion otherwise is completely baseless.
  • The Company’s recent claims that Politan has been unwilling to “engage” or “cooperate” with the Board are simply not credible.
  • For example, following Politan’s introductory meeting with Masimo management, the Board refused to meet and immediately adopted entrenching bylaws.
  • The participants in the proxy solicitation are Politan, Politan Capital Management GP LLC, Politan Capital Partners GP LLC, Politan Capital NY LLC, Politan Intermediate Ltd., Politan Capital Partners Master Fund LP (“Politan Master Fund”), Politan Capital Partners LP (“Politan LP”), Politan Capital Offshore Partners LP (“Politan Offshore” and collectively with Politan Master Fund and Politan LP, the “Politan Funds”), Quentin Koffey, Matthew Hall, Aaron Kapito and Michelle Brennan (collectively, the “Participants”).

Masimo Board of Directors Files Definitive Proxy and Issues Letter to Stockholders

Retrieved on: 
Friday, May 26, 2023

Rainbow®, Hospital AutomationTM, Radius PPG®, and other advanced technologies have given hospitals further reasons to standardize on Masimo SET®.

Key Points: 
  • Rainbow®, Hospital AutomationTM, Radius PPG®, and other advanced technologies have given hospitals further reasons to standardize on Masimo SET®.
  • Masimo has traditionally had seven directors, but due to retirements and Covid, the Board now has five.
  • Electing Quentin Koffey to the Board threatens Masimo’s mission, principles, strategy and leadership and jeopardizes the potential of your investment in Masimo.
  • Any vote on the blue proxy card will revoke your prior vote on a WHITE proxy card, and only your latest-dated proxy counts.

Kibo's Latest Product Updates Help Companies Unlock the Freedom of Flexibility

Retrieved on: 
Thursday, March 23, 2023

DALLAS, March 23, 2023 /PRNewswire-PRWeb/ -- Kibo, a leading composable digital commerce platform, today announced product updates, strategic partnerships, and recent client go-lives from Q1, 2023. Kibo's continued focus on composable solutions provides retailers, distributors, wholesalers, and manufacturers the freedom of flexibility required to succeed in today's competitive market.

Key Points: 
  • Kibo continues to make smart investments in composable commerce with recent product updates, strategic partnerships, and client go-lives.
  • DALLAS, March 23, 2023 /PRNewswire-PRWeb/ -- Kibo, a leading composable digital commerce platform, today announced product updates, strategic partnerships, and recent client go-lives from Q1, 2023.
  • Kibo's continued focus on composable solutions provides retailers, distributors, wholesalers, and manufacturers the freedom of flexibility required to succeed in today's competitive market.
  • Kibo recently announced two new product updates, including Extensible Order Routing and Substitutions.

Global Wireless Audio Market to Reach $35 Billion by 2026

Retrieved on: 
Wednesday, June 29, 2022

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wireless Audio - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wireless Audio - Global Market Trajectory & Analytics" .
  • Preview Registry
    Amid the COVID-19 crisis, the global market for Wireless Audio estimated at US$20.9 Billion, is projected to reach a revised size of US$35 Billion by 2026, growing at a CAGR of 8.7% over the analysis period.
  • The U.S. Market is Estimated at $6.2 Billion in 2021, While China is Forecast to Reach $7.1 Billion by 2026
    The Wireless Audio market in the U.S. is estimated at US$6.2 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

The Worldwide Hi-Fi System Industry is Expected to Reach $17.71 Billion by 2026

Retrieved on: 
Friday, February 18, 2022

DUBLIN, Feb. 18, 2022 /PRNewswire/ -- The "Hi-Fi System Global Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 18, 2022 /PRNewswire/ -- The "Hi-Fi System Global Market" report has been added to ResearchAndMarkets.com's offering.
  • The Global Hi-Fi System Market is estimated to be USD 13.11 Bn in 2021 and is expected to reach USD 17.71 Bn by 2026, growing at a CAGR of 6.2%.
  • The Global Hi-Fi System Market is driving due to rising infotainment services.
  • The Global Hi-Fi System Market is segmented based on Application Type, System Type, Connectivity Technology Type, Distribution Channel Type, and Geography.

Encompass to Manage Repair Parts Distribution for Sound United

Retrieved on: 
Thursday, August 22, 2019

Under an agreement with Sound United an industry leader in home theater and personal audio products Encompass manages its entire parts supply chain, including parts forecasting, purchasing, warehousing, distribution and call center service.

Key Points: 
  • Under an agreement with Sound United an industry leader in home theater and personal audio products Encompass manages its entire parts supply chain, including parts forecasting, purchasing, warehousing, distribution and call center service.
  • Encompass also serves as a master supplier to Sound Uniteds authorized service providers, self-maintaining retailers and other designated affiliates.
  • The agreement comprises parts support for all Sound United brands: Denon, Marantz, Polk Audio, Class, Definitive Technology, Polk BOOM, HE OS and Boston Acoustics.
  • Encompass previously served as an authorized parts distributor for Sound United and currently maintains special ecommerce portals for Denon and Marantz to streamline parts access.

Sound United and Sonos Reach Settlement Agreement

Retrieved on: 
Friday, May 18, 2018

VISTA, Calif., May 18, 2018 /PRNewswire/ -- Sound United , parent company to leading audio brands Denon , Marantz , Polk Audio , Definitive Technology , HEOS , Boston Acoustics and ClassAudio , announced today that it has reached a settlement with Sonos, resolving all patent infringement litigation between the two companies including the upcoming case filed against Sonos by Denon.

Key Points: 
  • VISTA, Calif., May 18, 2018 /PRNewswire/ -- Sound United , parent company to leading audio brands Denon , Marantz , Polk Audio , Definitive Technology , HEOS , Boston Acoustics and ClassAudio , announced today that it has reached a settlement with Sonos, resolving all patent infringement litigation between the two companies including the upcoming case filed against Sonos by Denon.
  • "Today's agreement demonstrates our belief in moving the industry forward and removing barriers for both parties to deliver products that delight customers," said Kevin Duffy, CEO of Sound United.
  • Sound United is a division of DEI Holdings with an award-winning portfolio of audio brands that deliver industry-leading home theatre and personal audio listening experiences for a wide-range of consumers.
  • Dedicated to artfully reproducing audio for listeners and enthusiasts around the world, Sound United is comprised of Denon, Marantz, Polk Audio, Definitive Technology, Polk BOOM, HEOS, ClassAudio and Boston Acoustics.