In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in 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. Dies geschieht in Ihren Datenschutzeinstellungen. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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. Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million. Stephen Deckoff has served as Managing Principal of Black Diamond Capital Management, L.L.C. 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. 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. 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 average market cap of the portfolio companies is close to $197 billion. since 1995. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. 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. Reflects change since 5 pm ET of prior trading day. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). and is responsible for all portfolio management and business operations. A tweet about how Mac McClung won the NBA slam dunk competition shows how much poise Curry has. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. "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. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Company: Black Diamond Capital Management, L.L.C. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. What Is The Potential Of Generative AI In Healthcare? and is responsible for all portfolio management and business operations. 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). WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at Mr. Deckoff is a citizen of the United States of America. The Company noted that it anticipates that the annual meeting will be held in July of this year, and that it will provide appropriate disclosure of the exact date within the next few days. Related by origin of wealth: private equity. 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. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. Copyright 2023 Surperformance. 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. Previously, Stephen was a Board Member at InSight Health and 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. Copyright 2023. 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 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. All Rights Reserved. Raymond James Adjusts KVH Industries' Price Target to $13 from $16, Keeps Strong Buy Ra.. President, Chief Executive Officer & Director. 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. and certain of its affiliates (collectively, Black Diamond). Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. 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. 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. served as legal counsel to Black Diamond with respect to the Agreement. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Stephen H. Deckoff founded Black Diamond Capital Management LLC. Thank you for signing up! Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. Deaneen is also a certified hair loss specialist. Black Diamond Capital Management, L.L.Cs portfolio is diversified across 2 sectors. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Black Diamond Beauty Salon, LLC 8421 South Orange There are currently 15 companies in Mr. Deckoffs Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class Black Diamond is a Delaware limited liability company. The Black Diamond Capital Management, L.L.C office and employees reside in Stamford, Connecticut. Presently, Mr. Deckoff is still Managing Principal at this company. Additionally, the Company has granted Black Diamond a waiver are based in the Switzerland. Copyright 2023 Surperformance. 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. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. ", "As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business," said Mr. Deckoff. Stocks with a size of more than $10 billion in market cap make up WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. They Dont Work Against The Latest American Mines. 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. KVH Industries Announces Support Agreement with Black Diamond Capital Management. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. SCHEDULE APPOINTMENT. April 01, 2022 16:30 ET Presently, Mr. Deckoff is still Managing Principal at this company. Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Firm. 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. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. Deckoff is an avid skier and named Black Diamond after his hobby. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million. 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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. $186 million and $186 million respectively. 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 managing principal of Black Diamond an investment firm with $10 billion in assets under Kvh Industries Inc De : Entry into a Material Definitive Agreement, Material Modification .. KVH Industries Announces Support Agreement with Black Diamond Capital Management. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. All Rights Reserved. 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. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Mr. Deckoff is also on the board of Consumer 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. You can also contact MarketWatch Customer Service via our Customer Center. 390,363 additional shares. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. 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. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. 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