On May 31, 2024, Masimo Corporation announced that in response to certain statements recently made by Politan Capital Management LP regarding settlement negotiations and Chris Chavez?s nomination for election to the board of directors of the Company, the Company issued a clarifying statement to the media that each ?compromise? that Quentin Koffey offered involved Politan Capital controlling a majority of the Company Board, without earning the support of a majority of the Company?s stockholders and without paying any control premium. The Company added that the process for identifying Christopher Chavez was abbreviated due to Rolf Classon?s sudden resignation three weeks ago.

Joe Kiani?s prior acquaintance with Christopher Chavez was in connection with their service on the Medical Device Manufacturers Association board, from which Christopher Chavez resigned more than 12 years ago.