secwatch.observer — SEC 8-K summary
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Issuer:     MASIMO CORP (MASI)
CIK:        0000937556
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0000937556-24-000092
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masimo appoints Timothy Scannell and Wendy Lane to board, expands to eight directors
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- Scannell, former Stryker President & COO, brings 30+ years med-tech experience; Lane has 32 years of board service across 16 companies.
- Each receives $70K annual cash retainer, a $200K appointment RSU vesting Oct 2025, and annual $200K RSU grants.
- Scannell appointed to Compensation Committee; Lane to Nominating, Compliance and Corporate Governance Committee; both to Business Review and Risk Committee.
- Board expanded from seven to eight members; both directors are independent under Nasdaq rules.
- No family relationships or related-party transactions; standard indemnity agreements entered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/937556/000093755624000092/0000937556-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/937556/000093755624000092/masi-20241016.htm
  HTML page:      https://secwatch.observer/filing/0000937556-24-000092

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