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Masimo Strikes Back: Judge Finds Politan & Koffey in Contempt of Court

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Masimo CEO Joe Kiani

Will Politan Snatch Defeat from the Jaws of Victory?

Last Friday, just hours after I reported to you on what appeared to be a significant “win” for Politan Capital Management L.P. et. al. in its proxy battle with Masimo Corporation, a new ruling is handed down from U.S. District Court Judge James V. Selna in which he holds Politan and its Chief Investment Officer Quentin Koffey in Contempt of Court based on a Masimo Ex Parte motion. Judge Selna’s ruling showed some real anger at Koffey and Politan and he has scheduled a new hearing on the sanctions to be administered in the matter, although at this moment, Masimo’s Annual Stockholders Meeting is scheduled to go ahead with its proxy vote this Thursday.

See the latest on this continuing heated battle

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BREAKING NEWS: Politan Wins…Court Denies Masimo Request for Preliminary Injunction

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Politan CIO Quentin Koffey

Politan Candidates & Proxy Vote Goes Forward Next Week; Masimo Demands a ‘Contempt’ Order

Late on Thursday, Politan announced that Judge James V. Selna of the U.S. District Court, Central District of California has denied Masimo’s request for a preliminary injunction in the matter of Masimo Corporation v. Politan Capital Management et.al. that sought to block Politan’s nominees for the Masimo Board of Directors. This is a big win for Quentin Koffey and Politan as it means that despite Masimo’s effort to disqualify its candidates, they remain eligible to run for the open Board positions and that the vote by investors can continue as planned at the Masimo 2024 Annual Stockholders Meeting, scheduled less than a week away, on Thursday, September 19, 2024.

Learn more about this big news in Masimo v. Politan

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It’s Getting Manic at Masimo vs Politan as Dueling Proxy Materials Sling Sludge & Lawsuits

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Masimo graphic

I’m thinking of pitching Bravo Network on my idea for a new reality TV show called something like …Masimo Manic Mysteries…or Politan Proxy Obsessions… What do you think? I’ve got tons of material to pull from. I’ve followed many proxy battles over the years, but this one definitely wins the prize as the most personal and brutal battle I’ve seen. In the first twelve days of September, there has been no fewer than seventeen new proxy revisions, investor letters, and proxy-related press releases (four separate filings just today!) filed and mailed to investors. Investor’s heads must be spinning…I know mine is!

And of course, as the 2024 Annual Stockholders Meeting approaches – only one week away – the drama continues to ramp up as management continues to dig in to save their jobs while investors keep shoring up more votes. It’s getting really ugly.

See all the latest on the Masimo and Politan proxy battle

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A Huge Merger of Major Specialty Distributors; WAVE Elects. Acquires KOA Elects.

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WAVE CEO Mark Fukuda & KOA CEO Anton Tomassian
Mark Fukuda (L) CEO of WAVE Electronics and Anton Tomassian CEO of KOA Electronics Distribution

BREAKING NEWS

Houston, TX-based WAVE Electronics, one of the nation’s largest independent distributors for the custom integration industry, announced today that it has acquired KOA Electronics Distribution, itself a leading CI distributor based in Panorama City, CA. This merger creates a mega-distribution business spanning multiple locations in multiple states.

Learn more about this WAVE & KOA acquisition

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Audio Retail Pioneer Sandy Bloomberg Dies

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Updated 9/6/24 – See Quote from former Tweeter executive

Sandy Bloomberg, founder of Tweeter, Etc. and a truly significant consumer electronics industry personality, died this week on Tuesday, September 3, 2024.

One of the most prominent executives in modern audio retailing, Samuel Bloomberg, known by most as Sandy, founded a local store called Tweeter, Etc. with his cousin Michael in 1972. Eventually, Tweeter, Etc. would grow to 180 stores strong as one of the first multi-regional specialty A/V chains. According to his obituary on Boston.com, Sandy graduated high school in 1969 and quickly realized that college was not his thing. That realization marked the beginning of a company that would go on to become legendary in the many executives who started there and went on to make their own mark with significant roles all around the industry.

Learn more on the passing of Sandy Bloomberg and his legacy

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On Eve of CEDIA Expo 2024, Oasys Announces Partnership with Sonos

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Sonos booth at the 2022 CEDIa Expo

Oasys Residential Technology Group, a division of Nationwide Marketing Group, announced on Wednesday that it has partnered with Sonos, a leading wireless audio brand popular with consumers. The announcement comes on the eve of today’s opening of CEDIA Expo 2024, taking place in Denver, CO from September 5-7, 2024.

Oasys group managers say that this is a significant deal with “a massive brand.”

See more on Oasys partnering with Sonos

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Proposals That Build Themselves – See the Game-Changing ‘AI Proposals’ From Portal

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AI Proposals by Portal

Automated Proposals Built Literally in Minutes Before Your Eyes

Portal executives Kirk Chisholm and Josh Willits recently gave me a sneak preview at a dramatic new feature they have developed for Portal users that is a potential game changer for those seeking to increase companywide efficiency by streamlining an essential but time-consuming process all integrators face – building compelling, complete, and accurate proposals. With Portal’s new AI Proposals, your proposals practically build themselves – literally in seconds on simple installations or in a minute or two on more sophisticated projects.

AI Proposals is a new use for artificial intelligence (AI) with real-world consequences that benefit integrators and their clients.

Learn more about the all-new AI Proposals from Portal

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It’s a Sonance Tsunami of Innovation at CEDIA Expo 2024

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Photo of a kitchen with Sonance Small Aperture Series speakers
Sonance says ‘Life is Better with Music’ as this couple dances to Small Aperture Speakers [Click to enlarge]

See Sonance at CEDIA Expo 2024 in Booth #3501

In a torrent of multiple releases from Sonance, it has unleashed a veritable tsunami of innovation covering several product categories and market segments. Scheduled to be shown at this week’s CEDIA Expo 2024 show in Denver will be a wide array of new products from Sonance and its entire family of brands, including James, IPORT, and TRUFIG. The company will also launch new modules for its Sonance Design Gallery – winner of the “Best New Software” award at last year’s CEDIA Expo 2023.

Also to be unveiled is a redesigned Sonance.com website and a fully functional my.Sonance.com platform with added configuration enhancements. Finally, the company will be demonstrating a new immersive music experience for attendees every 15 minutes. Like I said, it’s a Sonance tsunami of innovation.

See more on these and other new items from Sonance at CEDIA Expo 2024

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Hunter Douglas Keeps the Sun Outside & Taps It to Recharge Your Motorized Shades Inside

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Hunter Douglas, one of the leading manufacturers of custom window treatments like motorized shades, will show an interesting new Solar Charger Kit at the upcoming CEDIA Expo 2024 in Denver this week. Now, not only does Hunter Douglas keep the sun out of your home, but it now uses it to recharge your battery-powered motorized shades. Clever!

Learn more about the Hunter Douglas Solar Charger Kit

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SoundTube Entertainment Names Jeff Brewer VP of Sales, Residential

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SoundTube logo

Soundtube Entertainment (formerly MSE Audio) announced this week that it has appointed Jeff Brewer as its new Vice President of Sales for the Residential Division. Brewer is well known throughout the industry and the company hails his “rich background in the audio industry” along with his “proven track record in leadership.”

Learn more about Jeff Brewer joining SoundTube Entertainment

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