secwatch.observer — SEC 8-K summary
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Issuer:     MASIMO CORP (MASI)
CIK:        0000937556
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000937556-24-000116
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masimo formalizes interim CEO Michelle Brennan's employment agreement
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- Base salary of $1,042,000 per year; eligible for discretionary bonus with target $621,250.
- Granted 8,916 RSUs vesting on earlier of March 24, 2025 or appointment of permanent CEO.
- Agreement effective Sept 24, 2024 for six-month term; at-will employment.
- Brennan continues as Board member; waives board compensation during interim CEO period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/937556/000093755624000116/0000937556-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/937556/000093755624000116/masi-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000937556-24-000116

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