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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.
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