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KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. KVH on Feb. 3 said it will support Deckoffs candidacy and will accept the resignation of one of its incumbent board members at its 2023 annual meeting to keep the panel at seven members. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) ("KVH" or the "Company"), today announced that it has entered into a support agreement (the "Agreement") with Black Diamond Capital Management, L.L.C. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class III director at the Companys 2023 Annual Meeting of Stockholders (the 2023 Annual Meeting), subject to certain conditions. Photo by Black Diamond Capital Management. The descriptions of the Agreement contained in this press release do not purport to be complete and are qualified in their entirety by reference to the full text of the Agreement. Certain of these and other risk factors are discussed in more detail in KVHs Quarterly Report on Form 10-Q filed with the SEC on December 6, 2022. WebBlack Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed & distressed credit, restructurings and business turnarounds. Copyright 2023. Presently, Mr. Deckoff is still Managing Principal at this company. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. We remain fully focused on executing against our plan and prudently operating our business as we continue to work with our advisors to review all strategic alternatives., As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business, said Mr. Deckoff. KVH Industries, Inc. Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting, Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. Currently, Black Diamond Capital Management, L.L.C's portfolio is worth at least $186 million. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Mr. Deckoff has held or currently holds board seats on a number of Black Diamond portfolio companies, including Consumer Portfolio Services, Inc., ION Media, Werner Ladder, White Birch, Bayou Steel, SmarteCarte, Sun World and PTC Alliance, among others. Black Diamond Credit Strategies Offshore Ltd. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. The Companys chief executive officer, Charles E. Bradley, Jr., announced his endorsement of the Nominees for election at the Companys 2022 annual meeting of shareholders. On the other hand, there are companies that Black Diamond Capital Management, L.L.C is getting rid of from its portfolio. As of 7th February 2022, Black Diamond Capital Management, L.L.Cs top holding is 4,071,500 shares of Consumer Portfolio Svcs Inc currently worth over $48.2 million and making up 25.9% of the portfolio value. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. The Agreement, which includes a voting commitment and customary standstill and related provisions, will be filed by KVH on a Form 8-K with the Securities and Exchange Commission ("SEC"). This press release contains forward-looking statements that involve risks and uncertainties. Copyright 2023 MarketWatch, Inc. All rights reserved. The managing principal of Black Diamond an investment firm with $10 billion in assets under Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Thank you for signing up! Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. and is responsible for all portfolio management and business operations. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Donald Trumps real net worth? MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the Company), today announced that it has entered into a support agreement (the Agreement) with Black Diamond Capital Management, L.L.C. and is responsible for all portfolio management and business operations. Mr. Deckoff is a citizen of the United States of America. Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. and is responsible for all portfolio management and business operations. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. The Agreement, which includes a voting commitment and customary standstill and related provisions, will be filed by KVH on a Form 8-K with the Securities and Exchange Commission (SEC). $2.5 billion, according to our most recent tally. | All Rights Reserved | Black Diamond Beauty Salon, LLC. Mr. Deckoff has a B.S. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. and certain of its affiliates (collectively, Black Diamond). In those discussions, Black Diamond proposed that the Company should nominate Stephen H. Deckoff and James E. Walker III (together, the Nominees) for election to the Companys Board of Directors (the Board). Reflects change since 5 pm ET of prior trading day. Inside The Mind Of The Chief Revenue Officer. WebMr. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Factors that might cause these differences include, but are not limited to: unanticipated technical and other challenges that arise with the services provided by KVH; unanticipated technical or legal delays with the services; customer and strategic partner responses; potential future changes to the pricing or other terms; and potential unforeseen costs or expenses of providing the products and services. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. WebBlack Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. They manage For mines to work, Russian mine-countermeasures have to not work. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Its not knowing whether there is demand for their brilliant idea in the marketplace. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million. It is my pleasure to recommend to my Boards nominating committee that these gentlemen be elected as directors, said Charles E. Bradley, Jr., the Companys CEO. and certain of its affiliates (collectively, "Black Diamond"). Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Russian Tanks Have Crude Mine-Defenses. Further details regarding the annual meeting will be included in the Companys definitive proxy materials, which will be filed with the SEC and sent to all Company shareholders. Sie knnen Ihre Einstellungen jederzeit ndern. This press release contains forward-looking statements that involve risks and uncertainties. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. There are currently 15 companies in Mr. Deckoffs portfolio. "I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.". Deaneen is the owner and main stylist at black diamond beauty salon. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. The principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Delayed Nasdaq The Agreement, which includes a voting commitment and customary standstill and related provisions, will be filed by KVH on a Form 8-K with the Securities and Exchange Commission (SEC). of less than 5%. 100, St. Thomas, U.S. Virgin Islands 00802. (Black Diamond). According to the last 13-F report filed with the SEC, Stephen Deckoff serves as the Managing Principal at Black Diamond Capital Management, L.L.C. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. KVH TracNet recognized with the 2023 SMART4SEA Connectivity Award; Leading maritime ind.. KVH's New Crew Internet Service Offers Vital Connectivity to Mariners and Enables Vesse.. KVH Supports Seafarers with Free VoIP Calls to Turkey and Syria. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Though he already owns property in New York and a multimillion-dollar villa overlooking the turquoise Caribbean waters of Peter Bay in the U.S. Virgin Islands, financier Stephen Deckoff just added another pricey bauble to his real estate portfolio. Mr. Deckoff is a citizen of the United States of America. Mr. Deckoff is also on the board of Consumer Portfolio Services, Inc., InSight Health Services Holdings Corp., Sun World International LLC and Black Diamond Credit Strategies Offshore Ltd. The Principal business address of Black Diamond Capital Management, L.L.C update forward-looking statements that involve and. Rights Reserved | Black Diamond Capital Management, L.L.C Deckoff has an ownership stake in Black Diamond Beauty.. 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