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Search resuls for: "Kiani's"


3 mentions found


Joe Kiani, Founder, Chairman & CEO, Masimo; on Startup University Stage on day three of Collision 2024 at the Enercare Centre in Toronto, Canada. Masimo under Kiani's leadership "has continued to display a dangerous lack of accountability to shareholders that will require additional board change to rectify," ISS wrote. By contrast, ISS wrote, Politan "has presented a logical plan" and nominees which "appear to be appropriate." ISS wrote that such threats were unacceptable. "Under no circumstances should shareholders ever abide ultimatums or threats from a CEO, at MASI or anywhere else," the proxy advisor wrote, referring to Masimo's stock ticker.
Persons: Joe Kiani, Masimo, Bill Jellison, Darlene Solomon, Glass Lewis, Kiani, Biden, Kiani's Organizations: Enercare, Services, CNBC, Politan Capital, ISS, Politan Locations: Toronto, Canada, MASI
Kiani has just under 4 million Masimo shares, or around 7.5% of the company, according to FactSet data. Masimo shares are up 15% this year, lifting the company's market cap past $7 billion. Politan controls 8.9% of Masimo shares. Kiani, 59, pledged 2.97 million Masimo shares as of April, valued at $397 million, as collateral against "personal loans." "Rather than sell his pledged shares, Mr. Kiani increased his pledge to maintain his stock ownership."
Persons: Joe Kiani, Joe Biden, Quentin Koffey's, Kiani, Masimo, Politan Organizations: Apple, Capital Management, CNBC
The biggest buy came from RenaissanceRE CEO Kevin O'Donnell, who bought $2.5 million worth of the insurer's stock, according to securities filings and VerityData. Kiani's roughly $1 million purchase comes after he scooped up $6 million of the stock in November and December of 2022. 1) RenaissanceRE — O'Donnell bought $2.5 million worth of shares on May 26 as part of a secondary offering. 4) Masimo — Kiani spent just over $1 million on Masimo stock on May 25, building on a $6 million purchase from late last year. 5) Driven Brands — CEO Jonathan Fitzpatrick bought nearly $1 million worth of the automotive services company's stock on Tuesday.
Persons: Kevin O'Donnell, Validus, O'Donnell, Joe Kiani, Masimo, RenaissanceRE — O'Donnell, Bernard Lanigan, Kevin Dallas, — Kiani, Jonathan Fitzpatrick Organizations: AIG, Politan, Tech, Politan Capital Locations: RenaissanceRe, VerityData
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