Masimo completes $300M+ acquisition of Sound United; new credit facility and President appointed

MASIMO CORP

Acquired Viper (Sound United) for cash and $300M term loan + $500M revolver due April 2027.
Old $400M credit agreement with JPMorgan terminated upon closing.
Kevin Duffy appointed President, Consumer Division; base salary $600K, target bonus 100%, retention bonus $400K, plus equity awards.
Sound United brands include Bowers & Wilkins, Denon, Polk Audio, Marantz, Definitive Technology.
Financial guidance for combined company to be provided in Q1 2022 earnings release on May 3, 2022.

item 1.01 item 2.03 item 1.02 item 2.01 item 5.02 item 7.01 item 9.01

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Appointed

Kevin P. Duffy

President, Consumer Division

MASI · MASIMO CORP

Effective: 2022-04-11
Filed: April 12, 2022, 7:59 PM ET

Kevin P. Duffy was appointed as the Company’s President, Consumer Division, effective April 11, 2022 .

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin P. Duffy was appointed as President, Consumer Division at MASIMO CORP.

Action: appointed
Role: President, Consumer Division

Exact text from the filing

Kevin P. Duffy was appointed as the Company’s President, Consumer Division, effective April 11, 2022 .

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MASIMO CORP filing history →

Source: SEC EDGAR

accession 0000937556-22-000078

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