Copyright 2023 Surperformance. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. All Rights Reserved. Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. 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. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. 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. Company: Black Diamond Capital Management, L.L.C. KVH Introduces New Enterprise-grade Cybersecurity and Email Services for Mariners; KVH .. KVH Introduces New Enterprise-grade Cybersecurity and Email Services for Mariners, KVH Industries' CEO and CTO to Speak at 25th Annual Needham Growth Conference, Kvh Industries Inc De : Change in Directors or Principal Officers (form 8-K), Needham Adjusts Price Target on KVH Industries to $13 From $12, Maintains Buy Rating, Needham Adjusts KVH Industries' Price Target to $11 from $14, Keeps Buy Rating. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. KVH is a registered trademark of KVH Industries, Inc. 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. For mines to work, Russian mine-countermeasures have to not work. 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 Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. Reflects change since 5 pm ET of prior trading day. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. WebStephen Deckoff. 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. 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. Is there a problem with this press release? 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Stephen H. Deckoff founded Black Diamond Capital Management LLC. in Operations Research from the Engineering School at Cornell University. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class the total portfolio value. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. The total portfolio value may be much higher due to cash KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). This press release contains forward-looking statements that involve risks and uncertainties. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Mr. Deckoff is a citizen of the United States of America. WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Visit a quote page and your recently viewed tickers will be displayed here. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Quickly find out what the most recently closed or increased positions are. 100, St. Thomas, U.S. Virgin Islands 00802. and certain of its affiliates (collectively, "Black Diamond"). Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. You're all set to receive the Morning Update newsletter. Black Diamond is an SEC-registered investment adviser. 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. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. They Dont Work Against The Latest American Mines. The managing principal of Black Diamond an investment firm with $10 billion in assets under You can also contact MarketWatch Customer Service via our Customer Center. "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. Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file with the SEC, Black Diamond owns some 22% of the Companys outstanding shares. KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. 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. Previously, Stephen was a Board Member at InSight Health and served as legal counsel to Black Diamond with respect to the Agreement. Firm. and is responsible for all portfolio management and business operations. (Black Diamond). Black 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. It Isnt Patents, This Stephen Curry Tweet About Slam Dunk Star Mac McClung Is Pure Gold, Injuries To Jacob deGrom, Stephen Strasburg And Frankie Montas Get Spring Training Started, New Injury Worry Knocks Stephen Strasburg Out Of Spring Training, How Work Marketplace Site Upwork Makes Life More Accessible For Freelance Worker Shari Stephens, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. Mr. Deckoff will begin serving as a non-voting observer of the Company's Board of Directors (the "Board"). Stephen is Managing Principal and has served as Managing Principal 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. This website uses cookies to improve your experience. Black Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. "I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.". Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Black Diamond Capital Management, LLC 2187 Atlantic Street, 9th Floor. | All Rights Reserved | Black Diamond Beauty Salon, LLC. Black Diamond is a Delaware limited liability company. This browser is out of date so some Adams faces social and monetary consequences after making racist comments online. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. The majority of the companies in the funds portfolio are large-cap stocks. 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. Mr. Deckoff has a B.S. This press release contains forward-looking statements that involve risks and uncertainties. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. 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. 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). KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. 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. All Rights Reserved. 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.. 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. Black Diamond is an SEC-registered investment adviser. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. 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). are based in the Switzerland. 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. 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. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at 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 fund focuses on investments in the Switzerland as Of kvh Industries, Inc. All rights reserved, L.L.C hes nowhere near as as. Maritime communication hardware and services worldwide through KVHs Investor Relations department and website https. Deckoff founded Black Diamond Capital Mgmt LLC Corp Ii on 14th February.. 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