SEC Comment Letter 0000000000-25-004369 to MASIMO CORP (MASI)
MASIMO CORP
Date: April 24, 2025 · CIK: 0000937556 · Accession: 0000000000-25-004369
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-33642
Letter
Re: MASIMO CORP Item 2.02 Form 8-K filed February 25, 2015 File No. 001-33642 Dear Micah Young:
April 24, 2025
Micah Young Executive Vice President, Chief Financial Officer MASIMO CORP 52 Discovery Irvine, CA 92618
We have reviewed your filing and have the following comment(s).
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Item 2.02 Form 8-K filed February 25, 2025 Exhibit 99.1 Reconciliation of GAAP to Non-GAAP Net Income and Net Income per Diluted Share, page
1. Please tell us and revise your disclosures to identify and quantify the material components underlying the business transition and related costs adjustment. Address this comment as it relates to material adjustments where you have multiple items underlying the adjustment. Refer to Question 100.05 of the Non-GAAP Financial Measures Compliance & Disclosure Interpretations. 2. Based on disclosures in your Form 10-K for the year ended December 31, 2024, it appears that your business transition and related costs adjustments include expenses associated with inventory write-downs. Please explain to us how you concluded that these write-downs do not represent costs that are normal operating costs of your business. See guidance in Question 100.01 of the SEC Staff s Compliance & Disclosure Interpretations on Non-GAAP Financial Measures. We remind you that the company and its management are responsible for the accuracy April 24, 2025 Page 2
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Jeanne Baker at 202-551-3691 or Terence O'Brien at 202-551-3355 if you have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of
Corporation Finance
Office of Industrial
Applications and
Services
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> April 24, 2025 Micah Young Executive Vice President, Chief Financial Officer MASIMO CORP 52 Discovery Irvine, CA 92618 Re: MASIMO CORP Item 2.02 Form 8-K filed February 25, 2015 File No. 001-33642 Dear Micah Young: We have reviewed your filing and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Item 2.02 Form 8-K filed February 25, 2025 Exhibit 99.1 Reconciliation of GAAP to Non-GAAP Net Income and Net Income per Diluted Share, page 6 1. Please tell us and revise your disclosures to identify and quantify the material components underlying the business transition and related costs adjustment. Address this comment as it relates to material adjustments where you have multiple items underlying the adjustment. Refer to Question 100.05 of the Non-GAAP Financial Measures Compliance & Disclosure Interpretations. 2. Based on disclosures in your Form 10-K for the year ended December 31, 2024, it appears that your business transition and related costs adjustments include expenses associated with inventory write-downs. Please explain to us how you concluded that these write-downs do not represent costs that are normal operating costs of your business. See guidance in Question 100.01 of the SEC Staff s Compliance & Disclosure Interpretations on Non-GAAP Financial Measures. We remind you that the company and its management are responsible for the accuracy April 24, 2025 Page 2 and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Jeanne Baker at 202-551-3691 or Terence O'Brien at 202-551-3355 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services </TEXT> </DOCUMENT>