Masimo COO conditional resignation letter if CEO Kiani removed due to activist Politan

MASIMO CORP

Bilal Muhsin (COO) sent a conditional resignation letter on June 26, 2024, stating he will resign if Joe Kiani is removed as Chairman and CEO.
Muhsin cites 'false accusations' from activist Politan and says he will not stay if Quentin Koffey and Politan take control.
Muhsin's resignation is not due to any disagreement with company operations; it's a protest against potential control change.
The company also disclosed ongoing discussions with a potential JV partner about acquiring a majority of its consumer business (no specifics).

item 5.02 item 7.01 item 9.01

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Departed

Bilal Muhsin

Chief Operating Officer

MASI · MASIMO CORP

Filed: July 1, 2024, 7:59 PM ET

On June 26, 2024, Bilal Muhsin, the Chief Operating Officer of Masimo Corporation (the “Company”) sent a letter (the “Muhsin Conditional Resignation Letter”) to Craig Reynolds, the Lead Independent Director of the Company’s Board of Directors, notifying Mr. Reynolds of Mr. Mushin’s intent to resign as the Company’s Chief Operating Officer in the event that Joe Kiani is removed as the Company’s Chairman of the Board and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.9

Bilal Muhsin resigned as Chief Operating Officer at MASIMO CORP.

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

On June 26, 2024, Bilal Muhsin, the Chief Operating Officer of Masimo Corporation (the “Company”) sent a letter (the “Muhsin Conditional Resignation Letter”) to Craig Reynolds, the Lead Independent Director of the Company’s Board of Directors, notifying Mr. Reynolds of Mr. Mushin’s intent to resign as the Company’s Chief Operating Officer in the event that Joe Kiani is removed as the Company’s Chairman of the Board and Chief Executive Officer.

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MASIMO CORP filing history →

Source: SEC EDGAR

accession 0001213900-24-057427

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