Visit www.AdvanceMasimo.com<\/a> for Additional Information<\/i><\/p>\n NEW YORK–(BUSINESS WIRE<\/a>)– This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230529005187\/en\/<\/a><\/p>\n \nShareholders can support change by voting for Politan\u2019s two ideally qualified nominees \u2013 Michelle Brennan and Quentin Koffey \u2013 for election to the Company\u2019s Board at Masimo\u2019s Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). The Annual Meeting is currently scheduled for June 26, 2023.<\/p>\n \nThe full presentation can be found here<\/a>.<\/p>\n \nQuentin Koffey, Managing Partner and Chief Investment Officer of Politan, said, \u201cMasimo\u2019s broken corporate governance has resulted in a deeply discounted valuation and an inability to profitably innovate and grow. Unfortunately, Masimo\u2019s Board fails to recognize that shareholder-driven change is needed, as demonstrated by the Board\u2019s hostile approach to our engagement, misleading public statements and baseless attacks against Politan. While this behavior is disappointing, it is not surprising given the Company\u2019s long history of avoiding accountability.<\/p>\n \nWe believe that greater oversight in the boardroom can help Masimo realize its full potential, and that our two nominees have the right experience and skillsets to help. We look forward to continuing to make our case to our fellow shareholders in advance of the Annual Meeting.\u201d<\/p>\n \nIn its recent proxy materials and letter to shareholders, Masimo makes a number of statements about its own performance and Politan\u2019s campaign that Politan believes are disingenuous, false or both:<\/p>\n <\/sup>Masimo ended its analysis of relative TSR on May 1, 2023. Choosing this arbitrary date conveniently ignores that the share price has declined 17% between then and May 26, following the outcome of the Apple trial and Masimo\u2019s disappointing first quarter earnings announced on May 9, 2023. Masimo also began its one-year TSR measurement on May 1, 2022, allowing it to avoid factoring in the 51% decline that occurred following the announcement of the Sound United transaction on February 15, 2022. The reality is simple: Masimo has underperformed its own selected peers over any relevant timeframe.2<\/sup><\/li>\n<\/ul>\n
\nPolitan Capital Management (together with its affiliates, \u201cPolitan\u201d), a 9% shareholder of Masimo Corporation (\u201cMasimo\u201d or the \u201cCompany\u201d) (NASDAQ: MASI), today released a presentation highlighting why independent oversight and greater accountability are urgently needed on the Masimo Board. Politan also responded to multiple false and misleading claims made by the Company in its recent proxy materials and letter to shareholders.<\/p>\n\n