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Masimo Drama Intensifies as Activist Investor Nominates 2 More Directors

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Politan’s Koffey Makes Move to Seize Control of Company

One business day after Masimo Corp. [Nasdaq: MASI] announced plans for a spin-off of its Consumer division, the business unit formed by the acquisition of Sound United, activist investor Politan Capital Management and its CIO Quentin Koffey – a current Masimo Director – announced the nomination of two more independent director candidates for the Board of Directors. In a statement accompanying the announcement, Koffey takes the gloves off alleging Board dysfunction, uncooperative management, and says Kiani’s desire for control “is troubling.”

Pop a fresh bowl of popcorn and settle into a comfortable chair…things are getting pretty interesting in this story of escalating boardroom and management drama.

See more on the rising drama at Masimo

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Masimo Board ‘Authorizes’ Management to Prepare Spin-Off of Consumer Unit

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BREAKING NEWS

Masimo home page

In a release distributed late in the day on Friday after the close of financial markets, Masimo announced that the Board of Directors has “authorized” company management to prepare a spin-off of the company’s Consumer Business. Masimo Consumer is the business unit created when the company acquired Sound United in early 2022.

See more on Masimo spinning off the Consumer division

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Manufacturers Rep Firm AV Partners Expands Team & Adds New Vendors

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Photo of AV Partners

Southern California-based manufacturer sales representative firm AV Partners has added a well-known industry veteran to its team, as well as a trio of leading AV brands to its line card in a significant expansion of the organization. A respected firm with a full team covering a large multi-state territory that specializes in representing top custom integration brands, AV Partners brings a unique mix of capabilities, experience, and creativity to bear for the benefit of all of their dealers.

Learn more about AV Partners, including who has joined

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Klipsch Partners with Marvel Animation as Official Home Speaker of X-Men ’97

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Leading consumer speaker brand Klipsch announced this week that it is partnering with Marvel Animation’s X-Men ’97 as the official home speakers for the series which launched on Disney+ Wednesday. If you have kids, you likely know the popularity of the X-Men franchise, which with this new series looks to trade on that popularity to the benefit of both partners.

Learn more about this X-Men ’97 & Klipsch partnership

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Home Construction Looks to Rebound in 2024; Housing Starts & Builder Sentiment Up

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home construction looks to be picking up steam in 2024

The overall housing market has been an economic laggard as the country has seen its economy rebound in the post-pandemic era. The reason for this is primarily due to an unusual combination of high interest rates AND high home prices AND limited available inventory of homes for sale. It is a triple witching that has bedeviled the housing industry in the post-pandemic era.

But is housing about to turn up?

See how the latest housing starts data is a positive sign for home construction

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Parasound CEO: Making Progress, But Wait Until You See What’s Coming

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Title slide for Parasound Town Hall meeting

Company has Moved Its Headquarters to Las Vegas

Recently, Parasound conducted another online Town Hall meeting for dealers interested in learning more about the brand’s progress under the leadership of new owner, CEO David Sheriff. Held via Microsoft Teams on a recent Saturday to facilitate participation, it lasted an impressive 1¾ hours long with the majority of all participant questions answered.

See what CEO David Sheriff shared with Town Hall participants

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U.K. Gov’t Will Use Vinyl Records as Part of Its Official Tracking of Inflation

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Onkyo turntable with vinyl record

I continue to be intrigued by the growing influence of vinyl records, a once dominant media that by the early 2000s was thought to be dead. Now, however, after 17 back-to-back years of ever-increasing sales growth (according to RIAA data), it is back. A global phenomenon, this week the U.K. government announced it would now include vinyl records in its official basket of goods used to track inflation.

See more on the growing influence of vinyl albums

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Retro-Cool: Cambridge Audio Adds Large VU Meters to Its Evo Models

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Cambridge Audio announced today that it is introducing VU meters to its Evo models. A once ubiquitous feature of audio amps and recorders for decades – and an accouterment near and dear to this former recording musician and record producer’s heart – the company says VU meters are a “much-requested feature” that will now be available for the company’s award-winning all-in-one players.

See more Cambridge Audio adding VU meters to Evo

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Snap One Closes Out a Tough Year; They Say Next Year Will Be Better…Maybe

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Cover page of Snap One Fiscal Q4 & FY 2023 results

Company Turns To Forced Client Fees to Improve Its Results

At the end of last week, Snap One Holdings Corporation [NASDAQ: SNPO] announced the results of its Fiscal Fourth Quarter and Full Year 2023. Much as we’ve seen quarter-by-quarter all year long, the company remained subsumed by a challenging “destocking” market, with Net Sales in Fiscal 2023 finishing down 5.6%, and its Net Loss last year increasing by another 146.3% this year. CEO John Heyman called it “another strong year.”

But was it truly “another strong year?”

See more details on the Snap One Fiscal 2023 performance

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Premium Audio Company Launches New Mid-Level Pioneer A/V Receivers

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Premium Audio Company new Pioneer VSX-835 A/V receiver front
VSX-835

Premium Audio Company, a division of VOXX International, this week announced two new Pioneer branded A/V receivers – the VSX-835 and the VSX-535 – that they say are feature-packed “Immersive Sound Audio Video Receivers.” Said to be targeted at home theater and gaming enthusiasts, these appear to be the first new Pioneer products for 2024.

Learn more about these new Pioneer A/V receivers

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