Strata-gee.com

Strategy in TECH...

You are here: Home / Posts

Posts

The Vote is In, Politan Wins the Proxy War; Both Its Nominees are Elected to the Masimo Board

by 2 Comments

Politan Board nominees who won their seats

As Politan Prevails, Board Chairman Joe Kiani Loses His Board Seat & Maybe More

It was a long bloody battle and the outcome was less predictable this time around, due to allegations of vote manipulation and a high intensity – if often misguided – vigorous defense put on by Masimo CEO Joe Kiani and his management team. But now we know the result – Masimo shareholders voted in both of the Politan-backed candidates for nomination to the Board in a sweeping win for activist investor Quentin Koffey and Politan Capital Management. Chairman Joe Kiani, on the other hand, lost his Board seat.

See more about the big changes coming to Masimo thanks to the win by Koffey and Politan

[Read more…] about The Vote is In, Politan Wins the Proxy War; Both Its Nominees are Elected to the Masimo Board

Sonance Expands WAVE Electronics Relationship to a Full-Line Distributor

by Leave a Comment

Sonance logo

Sonance, an industry-leading custom integration (CI) brand renowned around the world as a top marketer of the finest luxury audio products, announced this week that it has expanded its relationship with WAVE Electronics, a leading specialty CI distributor, to one in which it will offer the full Sonance line, further increasing its support for the luxury CI channel. This partnership looks to boost availability and support for Sonance brands throughout WAVE’s expanding service area, predominantly in the Southwest and West regions.

See more on this partnership between Sonance and WAVE

[Read more…] about Sonance Expands WAVE Electronics Relationship to a Full-Line Distributor

On Eve of Big Vote, Masimo & Politan Make One Last Pitch; Politan Sues Over Vote Manipulation

by 1 Comment

Politan lawsuit against Masimo and RTW

Despite explosions going off everywhere all around the combatants, Masimo Corporation’s 2024 Annual Stockholders Meeting will in fact take place as rescheduled tomorrow, September 19, 2024. It has been a long and bloody battle to get to this point and it is not entirely clear who will prevail. But both sides took a last shot at reaching out to investors to try and gain their votes.

Politan’s swing was a little more powerful as it announced it would expand its lawsuit in the Delaware Court of the Chancery – with a new party to be sued, based on evidence it uncovered as part of Masimo’s lawsuit against it in California District Court.

See more on this last blast in the proxy war between Politan and Masimo

[Read more…] about On Eve of Big Vote, Masimo & Politan Make One Last Pitch; Politan Sues Over Vote Manipulation

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

by 2 Comments

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

[Read more…] about Masimo Strikes Back: Judge Finds Politan & Koffey in Contempt of Court

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

by 2 Comments

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

[Read more…] about BREAKING NEWS: Politan Wins…Court Denies Masimo Request for Preliminary Injunction

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

by 2 Comments

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

[Read more…] about It’s Getting Manic at Masimo vs Politan as Dueling Proxy Materials Sling Sludge & Lawsuits

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

by Leave a Comment

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

[Read more…] about A Huge Merger of Major Specialty Distributors; WAVE Elects. Acquires KOA Elects.

Audio Retail Pioneer Sandy Bloomberg Dies

by Leave a Comment

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

[Read more…] about Audio Retail Pioneer Sandy Bloomberg Dies

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

by Leave a Comment

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

[Read more…] about On Eve of CEDIA Expo 2024, Oasys Announces Partnership with Sonos

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

by Leave a Comment

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

[Read more…] about Proposals That Build Themselves – See the Game-Changing ‘AI Proposals’ From Portal