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AVPro Global Launches Expert Advisory Board; Names Wally Whinna as 1st Member

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AVPro Global Holdings logo

Here is a really smart idea: AVPro Global, one of the industry’s fastest-growing manufacturers of a wide range of products designed specifically for the residential and commercial custom integration spaces, is creating an “Expert Advisory Board.” Why is that smart? Because a well-selected advisory board can be a great sounding board (no pun intended) on strategies and tactics, and an almost limitless source of fresh ideas and perspectives for driving above-average growth.

The first expert appointed to this board is well-known industry executive Wally Whinna, formerly of ADI/Snap One, AVAD, Tandem Marketing, and Allnet.

See more on the new AVPro Global Expert Advisory Board

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Masimo Completes Sale of Sound United to Harman International

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Sound United presentation at CEDIA Expo 2025
Sound United presentation to media at CEDIA Expo 2025 [Click to enlarge]

The long-awaited closing of Masimo Corp.’s (NASDAQ: MASI) sale of Sound United (formerly Masimo Consumer) to Harman International, a subsidiary of Samsung Electronics, has been formally completed. Both parties of the transaction put out their own separate announcements, with Masimo’s version quite short and perfunctory, while Harman’s gave little more than an inkling of what is to become of Sound United.

Learn all about the completion of the sale of Sound United…

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Mystery Solved! Former Masimo Director Now at Medtronic, a Major Competitor

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Medtronic, a major Masimo competitor
Medtronic Headquarters, Galway Ireland – [Photo: By Bobak Ha’Eri – Own work, CC BY 3.0]

I wrote last week about the sudden announcement from Masimo Corporation (Nasdaq: MASI) that director Bill Jellison had resigned his position on the board, a position he had held for less than a year. What was remarkable about the Masimo announcement was not so much because of what it said – rather, even more mysterious was what it didn’t say – with no clue offered as to why or under what circumstances this resignation occurred.

Now we know more…and it is big! Former director William “Bill” Jellison is one of two new directors at Medtronic plc (NYSE: MDT), one of Masimo’s biggest competitors in the pulse oximetry segment.

See more on Jellison moving from Masimo to Medtronic

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It’s Official, AVPro Global is One of the Fastest Growing Companies in America, Says Inc. 5000

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AVPro Global logo

AVPro Global Holdings, LLC – parent company of AVPro Edge, AudioControl Pro, RTI, Murideo, Bullet Train, and ThenAudio – has been officially recognized by Inc. Magazine as one of the fastest-growing private companies in America. The magazine has officially placed AVPro Global on its annual list of fast-growing companies known as – the Inc. 5000.

Learn more about AVPro Global joining the Inc. 5000…

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Masimo Loses Another Board Member in an Unexpected Resignation; Motive is a Mystery

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Masimo headquarters building

On Monday, in an 8-K filing with the Securities and Exchange Commission, Masimo Corporation (Nasdaq: MASI) informed regulators that William Jellison, a member of the Masimo Board of Directors, has resigned his position as of that same day. No reason was offered as to why Jellison chose to leave his relatively new role with the company, presenting us all with a bit of a mystery.

See more on Jellison’s resignation from the Masimo Board

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Masimo Reports Fiscal 2025 Q2 Results: Revenues +8%, Op Profits +54%, EPS +78%; So Why Did Its Stock Drop 12%?

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From the Masimo website

Sound United Sale to Harman is Still on Track for Year-End

After markets closed on Tuesday, Masimo Corporation [Nasdaq: MASI] released its results for the second quarter of Fiscal Year 2025, and to my eyes, they looked really solid. Revenues grew by a respectable 8%, operating profits grew by 54%(!), operating margins improved by 520 basis points (that’s 5.2% more than last year), and earnings per share shot up an eye-popping 78%(!) What’s not to like?

Yet on Wednesday, the first trading day after these results were announced, the value of MASI shares actually dropped 12%! What?!?!

See more on the Q2 Masimo results and the market reaction…

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Sonos Board Decides to Upgrade Interim CEO Tom Conrad to Official CEO

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Sonos permanent CEO Tom Conrad

Sonos, Inc. [Nasdaq: SONO] announced today that its Board of Directors has decided to appoint Tom Conrad – current Interim CEO – as the new official Chief Executive Officer, effective immediately. Conrad, who was a member of the Board of Directors when it chose to dismiss previous CEO Patrick Spence, was named as the Interim CEO back in January.

Learn more about Sonos making Tom Conrad its CEO

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Premium Audio Company and Pioneer Corp Formally End Partnership

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On Thursday, Premium Audio Company (PAC), a division of Voxx, which itself is now part of Gentex Corp., today formally acknowledged what has long been rumored: that it has lost its licensing deal with Pioneer Corporation for the rights to the Pioneer and Elite brands. The announcement portrays the decision as a “mutual” one that concludes “a successful multi-year collaboration.”

See more on PAC losing access to Pioneer & Elite brands

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Tariffs: New Business Survey Shows Companies are Already Feeling the Pain

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Tariffs are disrupting international trade as shown by this ship

A new survey of U.S. companies by KPMG reports that they are already feeling the pain of the Administration’s new tariff program, which is still under negotiation with countries around the world. Even at current levels, U.S. businesses have been impacted, reporting they are experiencing declining gross margins…will be forced to further raise prices…are already being impacted by consumer pushback…have suffered sales declines from retaliatory tariff increases in other countries, and more.

Overall, it’s a pretty sobering look at the impact of tariffs on companies now, and a scary foretelling of what they anticipate in a darkened future.

See more on this eye-opening KPMG study on the impact of tariffs

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Harman Luxury Audio Group Names Progressive Custom Integration as Rep for 7 Territories

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Harman Luxury Audio Group brands

On Tuesday, Harman Luxury Audio Group, a division of Harman International focused on high-end audio products, announced that it has appointed manufacturer representative firm Progressive Custom Integration as the company’s representative of record in seven different geographic territories across the U.S. The announcement, which was released retroactively, said that this appointment took effect on July 1, 2025.

See more on Harman’s appointment of Progressive Custom Integration

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