SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  MASIMO CORP FILES (8-K/A) Disclosing Change in Directors or Principal Officers

[August 14, 2014]

MASIMO CORP FILES (8-K/A) Disclosing Change in Directors or Principal Officers

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported in the Current Report on Form 8-K filed by Masimo Corporation ("Masimo") on July 3, 2014 (the "Prior Form 8-K"), on June 27, 2014, Masimo appointed Anand Sampath as its Chief Operating Officer. At the time of the filing of the Prior Form 8-K, Masimo disclosed that, in connection with Mr.


Sampath's appointment as Masimo's Chief Operating Officer, Masimo did not, among other things: (1) enter into any material amendment of any plan, contract or arrangement to which Mr. Sampath was a party prior to his appointment as Masimo's Chief Operating Officer, or (2) grant any award to Mr. Sampath prior to his appointment as Masimo's Chief Operating Officer. Following Mr. Sampath's appointment, the Compensation Committee of Masimo's Board of Directors (the "Compensation Committee") approved the grant of an equity award to and a salary increase for Mr. Sampath in connection with his appointment as Chief Operating Officer. The Prior Form 8-K is hereby amended to add the information provided below regarding the equity award and salary increase approved by the Compensation Committee.

In connection with Mr. Sampath's appointment as Masimo's Chief Operating Officer, Mr. Sampath was granted an option to purchase 50,000 shares of Masimo's common stock with an exercise price of $21.77 per share, the closing price of Masimo's common stock on August 12, 2014, the date of grant, and Mr. Sampath's annual base salary was increased by $80,000, retroactive to July 1, 2014.

--------------------------------------------------------------------------------

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.