00:00It's Benzinga, and here's what's on the block.
00:03Activist-investor Politan Capital secured two board seats at medical technology company
00:07Massimo, ousting founder and CEO Joe Chiani and director Chris Chavez.
00:12Politan's nominees received approximately double the votes of Joe Chiani and Chris Chavez,
00:17according to an anonymous source familiar with the situation.
00:20The proxy battle involved fierce legal action.
00:23Massimo sued Politan over proxy statement errors, and Politan accused Massimo of manipulating
00:28votes.
00:29Massimo's shares rose over 2 percent following the vote.
00:31For all things money, visit Benzinga.com.
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