Masimo CEO Joe Kiani resigns; Michelle Brennan named interim CEO; board elections tilt to Politan nominees

MASIMO CORP

Joe Kiani resigned as CEO on Sept 19, 2024, and filed a California lawsuit claiming 'Good Reason' termination.
Board appointed current director Michelle Brennan as interim CEO effective Sept 24; Korn Ferry hired for CEO search.
Shareholders elected Politan nominees William Jellison and Darlene Solomon to the board; Joe Kiani and Christopher Chavez were not elected.
Reaffirms non-GAAP guidance for Q3 2024 (provided Aug 6); strategic review of consumer businesses continues with Centerview, Morgan Stanley, Sullivan & Cromwell.
Board committed to value-creation initiatives including a potential sale or spin-off of consumer audio and healthcare units.

item 2.02 item 5.02 item 5.07 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Joe Kiani

Chief Executive Officer

MASI · MASIMO CORP

Effective: 2024-09-19
Successor: Michelle Brennan
Filed: September 25, 2024, 7:59 PM ET

The same day, Mr. Joe Kiani delivered a notification (the “ Notice ”) to the Board of Directors (the “ Board ”) of the Company stating his decision to resign from his position of Chief Executive Officer of the Company.

Appointed (interim)

Michelle Brennan

interim chief executive officer

MASI · MASIMO CORP

Effective: 2024-09-24
Filed: September 25, 2024, 7:59 PM ET

On September 24, 2024, the Board appointed Board member Michelle Brennan to serve as the Company’s interim chief executive officer (“ Interim CEO ”) effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joe Kiani resigned as Chief Executive Officer at MASIMO CORP.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

The same day, Mr. Joe Kiani delivered a notification (the “ Notice ”) to the Board of Directors (the “ Board ”) of the Company stating his decision to resign from his position of Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Brennan was appointed as interim chief executive officer at MASIMO CORP.

Action: appointed
Role: interim chief executive officer

Exact text from the filing

On September 24, 2024, the Board appointed Board member Michelle Brennan to serve as the Company’s interim chief executive officer (“ Interim CEO ”) effective immediately.

View on SEC.gov

MASIMO CORP filing history →

Source: SEC EDGAR

accession 0000937556-24-000085

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