On July 17, 2024, Politan Capital Management, L.P. filed a lawsuit in the Delaware Court of Chancery against Masimo Corporation and 3 of its directors seeking to cause the 2024 annual meeting of the Company to be held as soon as possible, in addition to other relief, including ensuring that the 2024 annual meeting cannot be delayed any further. Politan Capital Management stated that the complaint seeks to protect the stockholder franchise and prevent the manipulation of the corporate machinery to unnecessarily delay the 2024 annual meeting and entrench the incumbent directors in office.