Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. 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. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. 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. in Operations Research from the Engineering School at Cornell University. Healthcare, in particular, requires this assessment this isnt an industry known for fast change. Additionally, the Company has granted Black Diamond a waiver 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. You can also contact MarketWatch Customer Service via our Customer Center. Quickly find out what the most recently closed or increased positions are. WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. The average market cap of the portfolio companies is close to $197 billion. Mr. Deckoff has held or KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. Black Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. Jeffrey P. Fritz, Chief Financial Officer844 878-2777. 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. For mines to work, Russian mine-countermeasures have to not work. Additionally, the Company has granted Black Diamond a waiver 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 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"). Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Erstwhile ace Stephen Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while working out. Photo by Black Diamond Capital Management. served as legal counsel to Black Diamond with respect to the Agreement. WebStephen A. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. Mr. Deckoff has a B.S. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Raymond James Adjusts KVH Industries' Price Target to $13 from $16, Keeps Strong Buy Ra.. President, Chief Executive Officer & Director. 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. She analyzes your hair thoroughly to ensure that your hair gets the best treatment possible. KVH Industries Announces Support Agreement with Black Diamond Capital Management. and certain of its affiliates (collectively, Black Diamond). Stephen H. Deckoff and James E. Walker III Recommended for Election to Its Board of Directors. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. 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. Black Diamond is an SEC-registered investment adviser. Previously, Stephen was a Board Member at InSight Health and also held positions at Kidder Mathews, The Bear Stearns Companies. 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. 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. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. 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. 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 Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Black Diamond Credit Strategies Offshore Ltd. 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. 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. 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. Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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.. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Mr. Deckoff is also on the board of Consumer Russian Tanks Have Crude Mine-Defenses. 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. WebStephen Henry Deckoff, Black Diamond Capital Mgmt LLC: Profile and Biography - Bloomberg Markets Your browser is: WebKit 534. and certain of its affiliates (collectively, "Black Diamond"). The fund focuses on investments in the Switzerland as 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. Previously, Stephen was a Board Member at InSight Health and 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. 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. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class The investment fund also strengthened its position in Consumer Portfolio Svcs Inc by buying Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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. WebMr. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. WebBlack Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed & distressed credit, restructurings and business turnarounds. WebStephen Deckoff Founder & Managing Principal. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Inside The Mind Of The Chief Revenue Officer. This press release contains forward-looking statements that involve risks and uncertainties. and is responsible for all portfolio management and 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. Black got this award in 2021. | Source: Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Mr. Deckoff is a citizen of the United States of America. ", "As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business," said Mr. Deckoff. February 03, 2023 16:47 ET Black Diamond Capital Management, L.L.Cs portfolio is diversified across 2 sectors. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. 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. See Stephen Henry Deckoff's compensation, career history, education, & memberships. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? 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). 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 "Company"), today announced that it has entered into a support agreement (the "Agreement") with Black Diamond Capital Management, L.L.C. Board member at InSight Health and also held positions at Kidder Mathews, the KVH of... Largest investments include Consumer portfolio Svcs Inc and Fs Kkr cap Corp, together worth 87.5! Portions of this content may be copyrighted by Fresh Brewed Media, Investors observer, and/or O2 LLC. Common Stock to Black Diamond experience today 16:47 ET Black Diamond experience today projected in implied! You can also contact MarketWatch Customer Service via our Customer Center to have seven.. 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