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. We welcome Stephen to the Board and are pleased to have reached this agreement with one of our largest shareholders, said Brent C. Bruun, KVHs President & Chief Executive Officer. Black Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. There are currently 15 companies in Mr. Deckoffs Presently, Mr. Deckoff is still Managing Principal at this company. 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). You're all set to receive the Morning Update newsletter. Copyright 2023 Surperformance. Delayed Nasdaq Black Diamond Credit Strategies Offshore Ltd. and certain of its affiliates (collectively, Black Diamond). 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. It sold the previously owned 354,186 shares for $5.21 million. The fund focuses on investments in the Switzerland as There are currently 15 companies in Mr. Deckoffs portfolio. Stephen H. Deckoff, 57 - Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. and certain of its affiliates (collectively, Black Diamond). MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the Company), today WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Additionally, the Company has granted Black Diamond a waiver under the Companys stockholder rights plan allowing Black Diamond to acquire up to 25% of the Companys outstanding common stock. This makes their stake in Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million. Stock Price data may be delayed up to 15 minutes. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Stephen Deckoff has served as Managing Principal of Black Diamond Capital Management, L.L.C. in Operations Research from the Engineering School at Cornell University. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. WebStephen Deckoff Founder & Managing Principal. We welcome Stephen to the Board and are pleased to have reached this agreement with one of our largest shareholders, said Brent C. Bruun, KVHs President & Chief Executive Officer. 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. are based in the Switzerland. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Firm. SCHEDULE APPOINTMENT. 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. Kvh Industries Inc De : Entry into a Material Definitive Agreement, Material Modification .. KVH Industries Announces Support Agreement with Black Diamond Capital Management. A tweet about how Mac McClung won the NBA slam dunk competition shows how much poise Curry has. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. KVH Industries Announces Support Agreement with Black Diamond Capital Management. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. 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. Visit a quote page and your recently viewed tickers will be displayed here. Additionally, the Company has granted Black Diamond a waiver KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Reflects change since 5 pm ET of prior trading day. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. served as legal counsel to Black Diamond with respect to the Agreement. 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. Stephen is Managing Principal and has served as Managing Principal Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 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. WebStephen H. Deckoff founded Black Diamond Capital Management LLC. Contact the source provider Comtex at editorial@comtex.com. 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. 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. Source. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. The third-largest holding is Saratoga Invt Corp worth $28.7 million and the next is Invesco Exch Traded Fd Tr Ii worth $25.4 million, with 1,150,000 shares owned. 100, St. Thomas, U.S. Virgin Islands 00802. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. | Source: Black Diamond Beauty Salon, LLC 8421 South Orange Address. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. in Operations Research from the Engineering School at Cornell University. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. This press release contains forward-looking statements that involve risks and uncertainties. Mr. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. The managing principal of Black Diamond an investment firm with $10 billion in assets under 100, St. Thomas, U.S. Virgin Islands 00802. She recognized at a young age that she had a passion for hair and has been in the hair care business for over 20 years. Additionally, the Company has granted Black Diamond a waiver -, KVH TracNet recognized with the 2023 SMART4SEA Connectivity Award; Leading maritime industry organization SAFETY4SEA recognizes TracNet hybrid solution for its contributions to vessel connectivity, KVH TracNet recognized with the 2023 SMART4SEA Connectivity Award, KVH's New Crew Internet Service Offers Vital Connectivity to Mariners and Enables Vessel Traffic Allocation. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. Mr. Deckoff has held or Mr. Deckoff has a B.S. Healthcare, in particular, requires this assessment this isnt an industry known for fast change. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. Injuries to Jacob deGrom, Stephen Strasburg and Frankie Montas were revealed on the first day of spring training on Wednesday. Black Diamond Capital Management, L.L.Cs portfolio is diversified across 2 sectors. The principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. All rights reserved. 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million, Invesco Exch Traded Fd Tr Ii worth $25.4 million, with 1,150,000 shares owned, Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million, Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million, Stocks and cryptocurrency portfolio tracker. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Stamford, CT 06902. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Thank you for signing up! This browser is out of date so some Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. Mr. Deckoff is a citizen of the United States of America. 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. 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. 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. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. 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. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. A new breed of growth executive - commonly referred to as Chief Revenue, Growth, Commercial, Experience or Operating Officers - are aligning their commercial teams, operations, and systems around the customer as they seek to accelerate revenue growth in the face of an uncertain market in 2023. 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. In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million. 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. Additionally, the Company has granted Black Diamond a waiver under the Companys stockholder rights plan allowing Black Diamond to acquire up to 25% of the Companys outstanding common stock. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. since 1995. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. Prior to launching Black Diamond in 1995, Deckoff worked his way up at different firms, becoming senior vice president of Kidder, Peabody & Co. A resident of the U.S. Virgin Islands, Deckoff donates to various community organizations in the territory. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. WebStephen H. Deckoff is Managing Principal at Black Diamond Capital Management L.l.c. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Address: One Sound Shore Drive, Suite 200, Greenwich, CT, 6830, United States. WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. Mr. Deckoff is the Managing Principal of Black Diamond and Mr. Walker is the Managing Partner of Vinson Ventures, LLC. The total portfolio value may be much higher due to cash Presently, Mr. Deckoff is still Managing Principal at this company. ", "As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business," said Mr. Deckoff. WebBlack Diamond Capital Management is a hedge fund with 36 clients and discretionary assets under management (AUM) of $9,890,652,082 (Form ADV from 2022-03-31). Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. WebBlack Diamond Capital, LLC Jun 2015 - Aug 20153 months St. Thomas, USVI My job involved accounting, asset servicing, and trade settlement for various types of credit investments. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. We'll assume you're ok with this, but you can opt-out if you wish. Additionally, the Company has granted Black Diamond a waiver under the Companys stockholder rights plan allowing Black Diamond to acquire up to 25% of the Companys outstanding common stock. in Operations Research from the Engineering School at Cornell University. Company: Black Diamond Capital Management, L.L.C. 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