Masimo shareholders vote ‘no’ on executive pay

Masimo CEO Joe Kiani [Image courtesy of Masimo]

Masimo (Nasdaq:MASI) shareholders recently voted to advise against the company’s compensation package for top executives.

About 53% of voting shareholders voted against the patient monitoring tech company’s handling of executive pay in what’s known as the ‘Say-on-Pay’ vote, according to vote results of the May 26 meeting filed with the SEC yesterday. The vote comes on the heels of Say-on-Pay votes at Zimmer Biomet and Henry Schein in which support from investors was lackluster.

In fact, dozens of major U.S. companies — including JPMorgan, Intel and Coca-Cola — have faced shareholder rebukes over executive pay this year, according to a report from The Wall Street Journal. The newspaper cited the trend as part of an overall increase in investor scrutiny of corporate governance — as well as social and environmental issues.

A Masimo spo…

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