<SEC-DOCUMENT>0001104659-24-097904.txt : 20240909
<SEC-HEADER>0001104659-24-097904.hdr.sgml : 20240909
<ACCEPTANCE-DATETIME>20240909060149
ACCESSION NUMBER:		0001104659-24-097904
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240909
DATE AS OF CHANGE:		20240909

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MASIMO CORP
		CENTRAL INDEX KEY:			0000937556
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				330368882
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33642
		FILM NUMBER:		241285705

	BUSINESS ADDRESS:	
		STREET 1:		52 DISCOVERY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		949-297-7000

	MAIL ADDRESS:	
		STREET 1:		52 DISCOVERY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Politan Capital Management LP
		CENTRAL INDEX KEY:			0001885245
		ORGANIZATION NAME:           	
		IRS NUMBER:				871666292
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		106 WEST 56TH STREET
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 756-2000

	MAIL ADDRESS:	
		STREET 1:		106 WEST 56TH STREET
		STREET 2:		10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
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<TYPE>DFAN14A
<SEQUENCE>1
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<DESCRIPTION>DFAN14A
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Rule 14a-101)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section&nbsp;14(a)
of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Filed by the Registrant&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed
by a Party other than the Registrant&nbsp; <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Preliminary Proxy
Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;<B>Confidential, for
Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Definitive Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;Definitive Additional
Materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Soliciting material
Pursuant to &sect;240.14a-12</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Masimo Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>POLITAN CAPITAL MANAGEMENT LP<BR>
POLITAN CAPITAL MANAGEMENT GP LLC<BR>
POLITAN CAPITAL PARTNERS GP LLC<BR>
POLITAN CAPITAL NY LLC<BR>
POLITAN INTERMEDIATE LTD.<BR>
POLITAN CAPITAL PARTNERS MASTER FUND LP<BR>
POLITAN CAPITAL PARTNERS LP<BR>
POLITAN CAPITAL OFFSHORE PARTNERS LP<BR>
QUENTIN KOFFEY<BR>
MATTHEW HALL<BR>
AARON KAPITO<BR>
WILLIAM JELLISON</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DARLENE SOLOMON</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;No fee required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Fee paid previously with preliminary materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Fee computed on table in exhibit required by Item 25(b) per
Exchange Act Rules 14a-6(i)(1) and 0-11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Supplemental Proxy Materials</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The disclosures in this filing are intended to
supplement the disclosures that Politan Capital Management LP, a Delaware limited partnership (&ldquo;<U>Politan</U>&rdquo;), together
with the other participants in the solicitation, previously made with respect to Masimo Corporation, a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;)
in its revised definitive proxy statement filed with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) on August 6,
2024 (the &ldquo;<U>Updated Proxy Statement</U>&rdquo;) and certain definitive additional materials, including the supplemental proxy
materials filed with the SEC on August 30, 2024 (together with the Updated Proxy Statement, the &ldquo;<U>Solicitation Materials</U>&rdquo;).
These disclosures should be read in conjunction with the Solicitation Materials and the other filings Politan has submitted to the SEC
with respect to the Company. To the extent that the information set forth herein differs from or updates information contained in the
Solicitation Materials, the information set forth herein shall supersede or supplement the information in the Solicitation Materials.
Defined terms used but not defined herein have the meanings set forth in the Updated Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As previously disclosed, on July 15, 2024, the
Company initiated an action against Politan and certain other parties in the United States District Court for the Central District of
California (the &ldquo;<U>Litigation</U>&rdquo;). In the Litigation, the Company alleges that certain statements in Politan&rsquo;s proxy
statements are false or misleading under Section 14(a) and Rule 14a-9. To moot any issue in advance of the 2024 Annual Meeting on September
19, 2024, Politan makes the following amendments and supplemental disclosures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Page 10 of the June 21, 2024 definitive proxy statement and page 12
of the August 6, 2024 Updated Proxy Statement state: &ldquo;On March 11, 2024 the Special Committee unanimously agreed to send a revised
term sheet that rejected the terms that Mr. Kiani had proposed and instead reflected the Special Committee&rsquo;s independent position
on the separation transaction to Mr. Kiani.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The above is supplemented with the following:
As discussed in the Updated Proxy Statement, prior to the formation of the Special Committee, Mr. Kiani and Mr. Koffey exchanged initial
term sheets concerning a potential spin-off transaction (the &ldquo;<U>Initial Term Sheets</U>&rdquo;). Neither Initial Term Sheet was
agreed to by either party. Mr. Koffey provided the Initial Term Sheets to the Special Committee&rsquo;s advisors, Sullivan &amp; Cromwell
and Centerview. Centerview advised the Special Committee members they should focus on what each member felt was in stockholders&rsquo;
best interests, without regard to the prior proposed term sheets. Accordingly, Mr. Koffey did not distribute the Initial Term Sheets to
the other members of the Special Committee and, as far as Politan knows, the other Special Committee members followed Centerview&rsquo;s
advice and did not request to see the Initial Term Sheets. However, Politan believes the Special Committee members learned the key terms
that Mr. Kiani proposed in the Initial Term Sheets through discussions with the advisors and among Board members, including at the February
13, 2024 Board meeting. In addition, at Special Committee meetings, members of the Special Committee asked its advisors to evaluate certain
terms that Mr. Kiani had proposed&mdash;such as the assignment or licensing of the Company&rsquo;s intellectual property to the spun-off
entity. Centerview advised the Special Committee that the intellectual property separation proposed by Mr. Kiani would create a negative
overhang on the value of the Company and render the separation a negative event for shareholders. Therefore, Mr. Koffey believes that
the Special Committee was aware of the key terms that Mr. Kiani previously had proposed and thereby rejected them by virtue of sending
the March 11 term sheet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Page 15 of Politan&rsquo;s July 2024 Investor Presentation entitled
&ldquo;Correcting the Record&rdquo; states: &ldquo;The Company does not deny that Mr. Kiani entered into a confidentiality agreement with
a JV counterparty without informing the Board nor that he signed a term sheet with the counterparty without providing any information
to the Board, not even the name of the counterparty.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The above is supplemented with the following: Any discussion of specific
terms of the proposed JV that may have occurred at the April 30 Board meeting was provided only orally and was inadequate for the Board
to provide oversight of the proposed transaction. There was no description of how key corporate assets such as intellectual property would
be allocated, the Board was not informed of such basic information as the counterparty&rsquo;s name, no draft term sheet or description
of a term sheet was circulated, and the Board was not made aware that Mr. Kiani would sign a term sheet only one week later. Politan hereby
revises the phrase &ldquo;any information&rdquo; in the above quoted paragraph to &ldquo;what Mr. Koffey believed to be any adequate information.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Page 6 of the June 21, 2024 definitive proxy statement and pages 7-8
of the August 6, 2024 Updated Proxy Statement state: &ldquo;On Saturday, June 24, 2023, the Board met to delegate authority to Mr. Kiani
to pursue and carry out a sale of the entire Company without any obligation to provide process updates to the Board or to obtain any additional
Board approvals to retain financial or other advisors &hellip; Ultimately in January 2024, Mr. Kiani told the full Board that he was unable
to find a deal on what he considered to be satisfactory terms. To date, the 2023 Newly-Elected Directors have still not been told what
terms Mr. Kiani was seeking in the transaction.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On August 30, 2024, Politan supplemented these statements with the
following statement: &ldquo;On June 24, 2023, the Board delegated authority to Kiani and management to work with Morgan Stanley on exploring
strategic transaction options, including the solicitation of potential third party bids, and authorized management to retain additional
advisors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The above is supplemented with the following: Politan does not believe
that the Board granted Mr. Kiani the power to sell the Company without the Board&rsquo;s approval, as well Politan is not aware of Mr.
Kiani receiving or rejecting specific offers. The foregoing statements are intended to describe the Board&rsquo;s inadequate visibility
into the sale process that Mr. Kiani led and Mr. Kiani&rsquo;s inadequate communication with the Board regarding the process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CERTAIN INFORMATION CONCERNING THE PARTICIPANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Politan and the other Participants (as defined
below) have filed a definitive proxy statement and accompanying WHITE universal proxy card or voting instruction form with the Securities
and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) to be used to solicit proxies for, among other matters, the election of its slate
of director nominees at the 2024 annual stockholders meeting (the &ldquo;<U>2024 Annual Meeting</U>&rdquo;) of Masimo Corporation, a Delaware
corporation (&ldquo;<U>Masimo</U>&rdquo;). Shortly after filing its definitive proxy statement with the SEC, Politan furnished the definitive
proxy statement and accompanying WHITE universal proxy card or voting instruction form to some or all of the stockholders entitled to
vote at the 2024 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The participants in the proxy solicitation are
Politan, Politan Capital Management GP LLC (&ldquo;<U>Politan Management</U>&rdquo;), Politan Capital Partners GP LLC (&ldquo;<U>Politan
GP</U>&rdquo;), Politan Capital NY LLC (the &ldquo;<U>Record Stockholder</U>&rdquo;), Politan Intermediate Ltd., Politan Capital Partners
Master Fund LP (&ldquo;Politan Master Fund&rdquo;), Politan Capital Partners LP (&ldquo;Politan LP&rdquo;), Politan Capital Offshore Partners
LP (&ldquo;<U>Politan Offshore</U>&rdquo; and, collectively with Politan Master Fund and Politan LP, the &ldquo;<U>Politan Funds</U>&rdquo;),
Quentin Koffey, Matthew Hall, Aaron Kapito (all of the foregoing persons, collectively, the &ldquo;<U>Politan Parties</U>&rdquo;), William
Jellison and Darlene Solomon (such individuals, collectively with the Politan Parties, the &ldquo;<U>Participants</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date hereof, the Politan Parties in
this solicitation collectively own an aggregate of 4,713,518 shares (the &ldquo;<U>Politan Group Shares</U>&rdquo;) of common stock, par
value $0.001 per share, of Masimo (the &ldquo;<U>Common Stock</U>&rdquo;). Mr. Koffey may be deemed to own an aggregate of 4,714,746 shares
of Common Stock (the &ldquo;<U>Koffey Shares</U>&rdquo;), which consists of 1,228 restricted stock units that vested on June 26, 2024
as well as the Politan Group Shares. Politan, as the investment adviser to the Politan Funds, may be deemed to have the shared power to
vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Politan Group Shares, and, therefore, Politan
may be deemed to be the beneficial owner of all of the Politan Group Shares. The Record Stockholder is the direct and record owner of
1,000 shares of Common Stock that comprise part of the Politan Group Shares. Both the Politan Group Shares and the Koffey Shares represent
approximately 8.9% of the outstanding shares of Common Stock based on 53,478,694 shares of Common Stock outstanding as of August 12, 2024,
as reported in Masimo&rsquo;s revised definitive proxy statement filed on August 15, 2024. As the general partner of Politan, Politan
Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition
of) all of the Politan Group Shares and, therefore, Politan Management may be deemed to be the beneficial owner of all of the Politan
Group Shares. As the general partner of the Politan Funds, Politan GP may be deemed to have the shared power to vote or to direct the
vote of (and the shared power to dispose or direct the disposition of) all of the Politan Group Shares, and therefore Politan GP may be
deemed to be the beneficial owner of all of the Politan Group Shares. Mr. Koffey, including by virtue of his position as the Managing
Partner and Chief Investment Officer of Politan and as the Managing Member of Politan Management and Politan GP, may be deemed to have
the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) all of the Koffey Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IMPORTANT INFORMATION AND WHERE TO FIND IT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase">POLITAN
</FONT>STRONGLY ADVISES ALL STOCKHOLDERS OF MASIMO TO READ ITS DEFINITIVE PROXY STATEMENT, ANY AMENDMENTS OR SUPPLEMENTS TO SUCH PROXY
STATEMENT AND OTHER PROXY MATERIALS FILED BY POLITAN WITH THE SEC AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC&rsquo;S WEBSITE AT WWW.SEC.GOV. THE DEFINITIVE PROXY STATEMENT AND OTHER
RELEVANT DOCUMENTS ARE ALSO AVAILABLE ON THE SEC WEBSITE, FREE OF CHARGE, OR BY DIRECTING A REQUEST TO THE PARTICIPANTS&rsquo; PROXY SOLICITOR,
D.F. KING &amp; CO., INC., 48 WALL STREET, 22ND FLOOR, NEW YORK, NEW YORK 10005. STOCKHOLDERS CAN CALL TOLL-FREE: (888) 628-8208.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">D.F. King &amp; Co., Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Edward McCarthy / Gordon Algernon / Dan Decea</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MASI@dfking.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contacts</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dan Zacchei / Joe Germani</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Longacre Square Partners</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">dzacchei@longacresquare.com / jgermani@longacresquare.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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