Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). 2023 Forbes Media LLC. Certain of these and other risk factors are discussed in more detail in KVH's Quarterly Report on Form 10-Q filed with the SEC on December 6, 2022. KVH Industries, Inc. 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. All rights reserved. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. Delayed Nasdaq The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. 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. 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. This press release contains forward-looking statements that involve risks and uncertainties. KVH Industries Announces Support Agreement with Black Diamond Capital Management. Black Diamond Beauty Salon, LLC 8421 South Orange 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. Company: Black Diamond Capital Management, L.L.C. The MarketWatch News Department was not involved in the creation of this content. What Is The Potential Of Generative AI In Healthcare? Its not knowing whether there is demand for their brilliant idea in the marketplace. Black got this award in 2021. Photo by Black Diamond Capital Management. 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 MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the Consumer Portfolio Services, Inc. is an independent specialty finance company that providesindirect automobile financing to individuals with past credit problems or limited credit histories. April 01, 2022 16:30 ET Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). 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. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. WebStephen Deckoff. served as legal counsel to Black Diamond with respect to the Agreement. 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. On the other hand, small-cap stocks make up only 6.7% of the portfolio. Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. She analyzes your hair thoroughly to ensure that your hair gets the best treatment possible. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. On the other hand, there are companies that Black Diamond Capital Management, L.L.C is getting rid of from its portfolio. Stephen H. Deckoff founded Black Diamond Capital Management LLC. and certain of its affiliates (collectively, Black Diamond). Visit a quote page and your recently viewed tickers will be displayed here. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. of less than 5%. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. 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. This makes their stake in Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million. You're all set to receive the Morning Update newsletter. Mr. Deckoff is a citizen of the United States of America. the total portfolio value. There are currently 15 companies in Mr. Deckoffs Mr. Deckoff is the Managing Principal of Black Diamond and Mr. Walker is the Managing Partner of Vinson Ventures, LLC. 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. $2.5 billion, according to our most recent tally. 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. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. See Stephen Henry Deckoff's compensation, career history, education, & memberships. Mr. Deckoff has a B.S. Prior to launching Black Diamond in 1995, Deckoff worked February 03, 2023 16:47 ET 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. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. 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. A tweet about how Mac McClung won the NBA slam dunk competition shows how much poise Curry has. MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the Company), today SCHEDULE APPOINTMENT. 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. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Mr. Deckoff is a citizen of the United States of America. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. 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. 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. Donald Trumps real net worth? and certain of its affiliates (collectively, Black Diamond). Sie knnen Ihre Einstellungen jederzeit ndern. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Black and is responsible for all portfolio management and business operations. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Additionally, the Company has granted Black Diamond a waiver under the Company's stockholder rights plan allowing Black Diamond to acquire up to 25% of the Company's outstanding common stock. Firm. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. 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. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Presently, Mr. Deckoff is still Managing Principal at this company. WebBlack Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class and is responsible for all portfolio management and business operations. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. | Source: Address. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. Jeffrey P. Fritz, Chief Financial Officer844 878-2777. -, 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. 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). They manage in Operations Research from the Engineering School at Cornell University. 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. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. in Operations Research from the Engineering School at Cornell University. All rights reserved. Black Diamond Credit Strategies Offshore Ltd. "We welcome Stephen to the Board and are pleased to have reached this agreement with one of our largest shareholders," said Brent C. Bruun, KVH's 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. 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). Copyright 2023 Surperformance. Ive been acquainted with each of them for over 25 years, and I consider it a vote of confidence that they would like to serve our shareholders.. He also owns multi-million dollar properties in Colorado and New York City, and a Beverly Hills mansion previously owned by the Latsis shipping family. Inside The Mind Of The Chief Revenue Officer. Mr. Deckoff is also on the board of Consumer This website uses cookies to improve your experience. 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). The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.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. Adams faces social and monetary consequences after making racist comments online. 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. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Consumer Portfolio Services, Inc. LAS VEGAS, Nevada, April 01, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq:CPSS) (the Company) today reported on discussions between its executive officers and representatives of Black Diamond Capital Management L.L.C. Presently, Mr. Deckoff is still Managing Principal at this company. A lawyer who receives a minimum threshold of qualifying responses from fellow attorneys can qualify for one of three prestigious 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. 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. 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. 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. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. 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