secwatch.observer — SEC 8-K summary
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Issuer:     MASIMO CORP (MASI)
CIK:        0000937556
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0000937556-22-000078
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 1.02, 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/937556/000093755622000078/0000937556-22-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/937556/000093755622000078/masi-20220411.htm
  HTML page:      https://secwatch.observer/filing/0000937556-22-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer