On May 31, 2024, Masimo Corporation announced that it has nominated Christopher Chavez for election as a Class II Director at the Company?s 2024 Annual Meeting of Stockholders, following Rolf Classon?s unexpected resignation from the Board on May 10, 2024. In addition, the Company stated that it extended its 3rd settlement offer to Politan Capital Management, proposing that Chavez and Politan nominee William Jellison be added to the Board, the expansion of the board to 7 members, 6 of whom are independent, would avoid concerns of potential deadlock on the board, and Politan rejected the offer.