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  "docSlug": "jarvis-politan-capital-masimo-presentation-may-2023",
  "documentTitle": "Politan Capital Masimo Presentation May 2023",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-05-01 00:00:00",
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  "pageNumber": 47,
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  "notes": "Uses a 'before-after' or 'contradiction' framing to undermine management credibility.",
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      "text": "Masimo failed to comply with prior commitments to expand the Board: In 2012 a shareholder sued Masimo... Shareholder successfully sued... Masimo's Board undermined the commitment... Masimo had seven directors for only two years...",
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      "kind": "list",
      "text": "...Masimo undermined the commitment: Masimo took three years to find directors. Expanded Board to seven for less than two years. One month after agreement expired, the Board contracted again.",
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      "kind": "quote",
      "text": "The Board will vote to increase the size of the Board to at least 7 directors, subject to the Board finding an appropriate and suitable independent candidate to nominate for a directorship on the Board.",
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      "text": "In response to specific and broad-based shareholder feedback, the Board has also decided to expand its size from five to seven directors.",
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      "kind": "title",
      "text": "Just as Board Undermined Past Commitments to Expand to Seven Directors...",
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