Masimo COO Bilal Muhsin Threatens Resignation If CEO Joe Kiani Is Removed

On June 26, 2024, Bilal Muhsin, the Chief Operating Officer of Masimo Corporation (the “Company”) sent a letter (the “Muhsin Conditional Resignation Letter”) to Craig Reynolds, the Lead Independent Director of the Company’s Board of Directors, notifying Mr. Reynolds of Mr. Mushin’s intent to resign as the Company’s Chief Operating Officer in the event that Joe Kiani is removed as the Company’s Chairman of the Board and Chief Executive Officer. Mr. Muhsin’s conditional resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices; however, in the Muhsin Conditional Resignation Letter, Mr. Muhsin noted the following: “I strongly disagree with the false accusations made by Politan in its recent fight letter and deck and have no intention of remaining with the company if Quentin Koffey and Politan take control of it.”