secwatch.observer — SEC 8-K summary
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Issuer:     MASIMO CORP (MASI)
CIK:        0000937556
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000937556-23-000172
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masimo stockholders elect two Politan Group nominees to board; approve board declassification
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- Politan nominees Michelle Brennan (36.4M for) and Quentin Koffey (30.7M) elected; company nominees Cohen (10.6M) and Shimer (15.1M) defeated.
- Amendment to declassify board approved (46.7M for, 43.5K against); board size increased from five to seven.
- Say-on-pay passed with 25.9M for, 20.7M against; advisory vote on executive compensation will occur annually.
- Grant Thornton ratified as independent auditor (46.1M for); stockholder proposal to repeal bylaw amendments failed (needed 75% approval).
- Certificate of amendment filed June 28, 2023 to implement phased-in board declassification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/937556/000093755623000172/0000937556-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/937556/000093755623000172/masi-20230626.htm
  HTML page:      https://secwatch.observer/filing/0000937556-23-000172

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