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Savant Announcements, Taken in Whole, Offer a Picture of a Smarter Smart Home

September 27, 2024 by Ted Leave a Comment

A Savant smart home

Savant released several announcements at CEDIA Expo 2024, each of which was interesting on its own. Seeing these announcements reminded me of some of its past announcements – such as the acquisition of GE Lighting and J Geiger Shading – that were also interesting in their own right.

But only when you start putting these and other company developments together, like individual pieces of a mosaic, does a picture emerge of just where Savant is headed. And that picture…is truly compelling one of a smarter Smart Home.

See the Savant picture that emerges from multiple announcements

[Read more…] about Savant Announcements, Taken in Whole, Offer a Picture of a Smarter Smart Home

Filed Under: Management, Manufacturers, News, Products, Shows & Events, Strategy Tagged With: GE Lighting, JC Murphy, Savant

Masimo: Elvis Has Left the Building; New Management Gets to Work

September 25, 2024 by Ted 6 Comments

Masimo headquarters in California

In a public press release and a filing with the Securities and Exchange Commission (SEC), Masimo Corporation (Nasdaq: MASI) revealed that CEO, Chairman and Founder Joe Kiani resigned his position as CEO on September 19, 2024, in the wake of learning that William Jellison and Darlene Solomon, both Politan nominees, had been elected to the Board of Directors by a decisive margin. The Board has appointed an interim CEO and launched a search for a new permanent CEO.

See all the latest Masimo news as a new day dawns at the company

[Read more…] about Masimo: Elvis Has Left the Building; New Management Gets to Work

Filed Under: Feature, Law, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, proxy, Quentin Koffey, Sound United

Stock Value Jumps 8.7% on News Politan Nominees are Elected to Masimo Board

September 20, 2024 by Ted Leave a Comment

The Days of Sound United as Part of Masimo are Likely Numbered

Masimo Corporation’s [Nasdaq: MASI] 2024 Annual Stockholders Meeting concluded yesterday, September 19, 2024, to the surprising news that the battle for control of the company’s Board of Directors was over…and there’s a new sheriff in town. According to a public statement released from Politan, activist investor Quentin Koffey, and his Politan Capital Management group’s nominated candidates, both won election to the two open Board seats – guaranteeing that the new independent directors are a majority of…and control…the Board.

Investors reacted to the news…and it was a strong reaction.

See more on the investor reaction to the Politan directors gaining control

[Read more…] about Stock Value Jumps 8.7% on News Politan Nominees are Elected to Masimo Board

Filed Under: Financial, Management, News Tagged With: Joe Kiani, Masimo, Politan Capital Management, Quentin Koffey, Sound United

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

September 19, 2024 by Ted 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

Filed Under: Feature, Law, News, Strategy

Sonance Expands WAVE Electronics Relationship to a Full-Line Distributor

September 19, 2024 by Ted 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

Filed Under: Brands, Distributors, News Tagged With: Jason Sloan, Sonance, WAVE Electronics

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

September 18, 2024 by Ted 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

Filed Under: Feature, Law, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, proxy battle, Quentin Koffey

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

September 17, 2024 by Ted 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

Filed Under: Feature, Law, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, proxy, Quentin Koffey

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

September 13, 2024 by Ted 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

Filed Under: Feature, Law, News, Strategy Tagged With: Joe Kiani, Masimo, Politan Capital Management, Quentin Koffey

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

September 10, 2024 by Ted 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.

Filed Under: Distributors, Financial, Management, News, Strategy Tagged With: acquisition, Anton Tomassian, KOA Electronics, Mark Fukuda, WAVE Electronics

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

September 5, 2024 by Ted 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

Filed Under: Buying Groups, Management, Manufacturers, News, Strategy

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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