OSI SYSTEMS INC issued $500,000,000 aggregate principal amount of convertible note.
“On November 20, 2025, OSI Systems, Inc. (the “Company”) issued $500,000,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 (the “Notes”).”
Debt Financings
OSI SYSTEMS INC incurred term loan of includes a term loan of $100 million with Wells Fargo Bank, N.A. maturing July 2030.
“The Amendment (a) increases the aggregate committed amount available to us under our revolving loan facility from $600 million to $725 million, (b) includes a term loan of $100 million, and (c) extends the term of the credit facility until July 2030.”
Debt Financings
OSI SYSTEMS INC amended revolving credit of increases the aggregate committed amount available to us under our revolving loan facility from $600 million to $725 mil with Wells Fargo Bank, N.A. maturing July 2030.
“The Amendment (a) increases the aggregate committed amount available to us under our revolving loan facility from $600 million to $725 million, (b) includes a term loan of $100 million, and (c) extends the term of the credit facility until July 2030.”
Paul Morben was appointed as Opto President at OSI SYSTEMS INC.
“Paul Morben, President of the Company’s OSI Electronics business unit will become the Opto President effective July 1, 2025.”
Manoocher Mansouri departed as President of the Optoelectronics and Manufacturing division at OSI SYSTEMS INC.
“On May 27, 2025, Manoocher Mansouri, President of the Optoelectronics and Manufacturing division (“Opto President”) of OSI Systems, Inc. (the "Company") notified the Company of his plans to retire from his role as Opto President effective June 30, 2025.”
Cary Okawa was appointed as Chief Accounting Officer at OSI SYSTEMS INC.
“On August 21, 2024, the board of directors (the “Board”) of OSI Systems, Inc. (the “Company”) appointed Cary Okawa as the Company’s Chief Accounting Officer and principal accounting officer, effective on such date.”
Deepak Chopra was appointed as Executive Chairman at OSI SYSTEMS INC.
“Following his retirement as President and CEO, Mr. Chopra will continue to work with the Company as Executive Chairman of the Board.”
Deepak Chopra departed as President and Chief Executive Officer at OSI SYSTEMS INC.
“retire from his roles as President and Chief Executive Officer by the end of the current calendar year, after the appointment of a successor.”
Earnings Releases
OSI SYSTEMS INC updated its the three and nine months ended March 31, 2024 guidance (raised).
“On April 25, 2024, we issued a press release announcing our financial results for the quarter ended March 31, 2024.”
Earnings Releases
OSI SYSTEMS INC reported three months ended December 31, 2023 results: revenue $373.2 million, net income $36.6 million, or $2.11 per diluted share, EPS $2.11 per diluted share. Guidance raised.
“--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53887772ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 OSI Systems Reports Fiscal 2024 Second Quarter Financial Results Record Q2 Revenues of $373 Million (26% growth year-over-year) Record Q2 Earnings Per Diluted Share GAAP EPS of $2.11 Non-GAAP Adjusted EPS of $2.21 (86% growth year-over-year) Q2 Operating Income Growth of 105%”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Advisory vote on the determination of the frequency of the advisory vote on the Company's executive compensation at the 2023-12-12 meeting.
“5. Advisory vote on the determination of the frequency of the advisory vote on the Company's executive compensation. 1 Year 2 Years 3 Years Abstentions Broker Non- votes 13,789,922 3,884 867,630 8,045 1,220,157”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Advisory vote on the Company's executive compensation for the fiscal year ended June 30, 2023 at the 2023-12-12 meeting.
“4. Advisory vote on the Company's executive compensation for the fiscal year ended June 30, 2023 For Against Abstentions Broker Non-votes 13,719,238 939,172 11,071 1,220,157”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Approval of an Amendment to the Amended and Restated OSI Systems, Inc. 2012 Incentive Award Plan at the 2023-12-12 meeting.
“3. Approval of an Amendment to the Amended and Restated OSI Systems, Inc. 2012 Incentive Award Plan For Against Abstentions Broker Non-votes 12,883,901 1,776,683 8,897 1,220,157”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024 at the 2023-12-12 meeting.
“2. Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024 For Against Abstentions Broker Non-votes 15,854,525 26,725 8,388 0”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Election of Directors at the 2023-12-12 meeting.
“The results of the proposals voted on by the Company's stockholders at the Annual Meeting were as follows: 1. Election of Directors Name For Against Abstain Broker Non-votes Deepak Chopra 13,863,729 794,193 11,559 1,220,157 William F. Ballhaus 13,792,658 867,657 9,166 1,220,157 Kelli Bernard 14,097,946 562,378 9,157 1,220,157 Gerald Chizever 13,285,111 1,375,203 9,167 1,220,157 James B. Hawkins 11,378,305 3,281,991 9,185 1,220,157 Meyer Luskin 8,881,747 5,770,872 16,862 1,220,157 The six nominees identified above were elected to the Board of Directors and will serve as directors until the Company's next annual meeting and until their successors are elected and qualified.”
Earnings Releases
OSI SYSTEMS INC reported the first quarter of fiscal 2024 results: revenue $279.2 million, net income $12.9 million, EPS $0.75 per diluted share. Guidance raised.
“filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53693297_ex991.htm EXHIBIT 99.1 Exhibit 99.1 OSI Systems Reports Fiscal 2024 First Quarter Financial Results Q1 Revenues of $279 Million Q1 Earnings Per Diluted Share GAAP EPS of $0.75 Non-GAAP Adjusted EPS of $0.91 Q1 Operating Income Growth of 23% Year-Over-Year Q1-Ended Backlog of Approximately $1.8 Billion”
Earnings Releases
OSI SYSTEMS INC updated its fiscal year 2024 guidance (initiated).
“For fiscal year 2024, the Company anticipates revenue growth in excess of 18% over revenues in fiscal 2023 and non-GAAP adjusted diluted earnings per share growth exceeding 25% compared to non-GAAP adjusted diluted earnings per share for fiscal year 2023.”
Earnings Releases
OSI SYSTEMS INC reported fiscal year ended June 30, 2023 results: revenue $1.278 billion, net income $91.8 million, EPS $5.34 per diluted share. Guidance reaffirmed.
“For the fiscal year ended June 30, 2023, revenues increased 8% to $1.278 billion from $1.183 billion in the prior fiscal year. Net income for fiscal 2023 was $91.8 million, or $5.34 per diluted share, compared to net income for fiscal 2022 of $115.3 million, which included a gain on sale of $27.4 million for a sale-leaseback transaction, or $6.45 per diluted share.”
Earnings Releases
OSI SYSTEMS INC reported fourth quarter ended June 30, 2023 results: revenue $411.9 million, net income $42.4 million, EPS $2.46 per diluted share. Guidance reaffirmed.
“For the fourth quarter of fiscal 2023, the Company reported revenues of $411.9 million, a 22% increase compared to the $336.8 million reported for the fourth quarter of fiscal 2022. Net income for the fourth quarter of fiscal 2023 was $42.4 million, or $2.46 per diluted share, compared to net income in the fourth quarter of fiscal 2022 of $33.8 million, or $1.94 per diluted share.”
Earnings Releases
OSI SYSTEMS INC reported the three and nine months ended March 31, 2023 results: revenue $302.9 million, net income $21.8 million, EPS $1.27 per diluted share. Guidance reaffirmed.
“filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53388736_ex991.htm EXHIBIT 99.1 Exhibit 99.1 OSI Systems Reports Fiscal 2023 Third Quarter Financial Results Q3 Revenues of $303 Million Q3 Earnings Per Diluted Share GAAP EPS of $1.27 Non-GAAP Adjusted EPS of $1.49 Record Q3 Ended Backlog of $1.5 Billion (19% increase from June 30, 2022) Q3 Operating Cash Flow of”
Auditor Changes
OSI SYSTEMS INC engaged Grant Thornton LLP as its auditor.
“(a) Following a competitive selection process where the Audit Committee (the “Committee”) of the Board of Directors of OSI Systems, Inc. (the “Company”) invited several public accounting firms to participate, including Moss Adams LLP (“Moss Adams”), the Company’s current independent registered public accounting firm, on January 25, 2023, the Committee approved the appointment of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023.”
Auditor Changes
OSI SYSTEMS INC dismissed Moss Adams LLP as its auditor.
“This action will replace Moss Adams as the Company's independent registered public accounting firm effective upon the date of the filing of the Company's Form 10-Q for the period ended December 31, 2022.”
Earnings Releases
OSI SYSTEMS INC reported three months ended December 31, 2022 results: revenue $295.6 million, net income $16.4 million, or $0.96 per diluted share, EPS $1.19 per diluted share. Guidance reaffirmed.
“filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53291515_ex991.htm EXHIBIT 99.1 Exhibit 99.1 OSI Systems Reports Fiscal 2023 Second Quarter Financial Results Q2 Revenues of $296 Million Q2 Earnings Per Diluted Share GAAP EPS of $0.96 Adjusted EPS of $1.19 Q2 Book-to-Bill Ratio of 1.7 Record Q2 Ended Backlog of $1.5 Billion (21% increase from June 30, 2022)”
Shareholder Votes
OSI SYSTEMS INC shareholders rejected Advisory vote on the Company's executive compensation for the fiscal year ended June 30, 2022 at the 2022-12-13 meeting.
“3. Advisory vote on the Company’s executive compensation for the fiscal year ended June 30, 2022 For Against Abstentions Broker Non-votes 2,239,576 10,820,390 1,761,565 1,090,887”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Ratification of the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2023 at the 2022-12-13 meeting.
“2. Ratification of the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023 For Against Abstentions Broker Non-votes 15,770,881 125,786 15,751 0”
Shareholder Votes
OSI SYSTEMS INC shareholders approved Election of Directors at the 2022-12-13 meeting.
“1. Election of Directors Name For Withheld Broker Non-votes Deepak Chopra 13,746,075 1,075,456 1,090,887 William F. Ballhaus 13,787,902 1,033,629 1,090,887 Kelli Bernard 14,512,596 308,935 1,090,887 Gerald Chizever 13,188,794 1,632,737 1,090,887 James B. Hawkins 9,662,162 5,159,369 1,090,887 Meyer Luskin 10,008,887 4,812,644 1,090,887”
Earnings Releases
OSI SYSTEMS INC reported the quarter ended September 30, 2022 results: revenue revenues of $268.1 million, net income Net income for the first quarter of fiscal 2023 was $11.2 million, EPS $0.65 per diluted share. Guidance reaffirmed.
“For the first quarter of fiscal 2023, the Company reported revenues of $268.1 million, a 4% decrease compared to the $279.3 million reported for the first quarter of fiscal 2022. Net income for the first quarter of fiscal 2023 was $11.2 million, or $0.65 per diluted share, compared to net income of $19.1 million, or $1.04 per diluted share, for the first quarter of fiscal 2022.”
Malcolm Maginnis retired as President of the Rapiscan Detection business at OSI SYSTEMS INC.
“On July 7, 2022, Mr. Malcolm Maginnis (age 63), President of the Rapiscan Detection business of OSI Systems, Inc. (the “Company”), notified the Company that he intends to retire from his position effective September 30, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.