06:51 AM EDT, 03/25/2024 (MT Newswires) -- Masimo ( MASI ) faces a potential proxy fight waged by an activist investor over control of two seats on the company's board, The Wall Street Journal reported Monday, citing people familiar with the matter.

Politan Capital Management, led by activist shareholder Quentin Koffey, plans to nominate two candidates to the company's six-person board, reported The Journal, citing the unnamed people. The company, which holds a 9% stake in Masimo ( MASI ), currently controls two seats.

Masimo ( MASI ) and Politan have been engaged for several years in a war of words, with the company accusing Koffey in a press release last year of being "unprincipled and self-serving."

Politan has accused the medical technology company of being mismanaged and wants it to sell off its consumer products division, The Journal reported.

Masimo ( MASI ) did not immediately reply to MT Newswires' request for comment.

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