I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. 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. Mr. Deckoff has a B.S. Copyright 2023 Surperformance. It sold the previously owned 354,186 shares for $5.21 million. Delayed Nasdaq KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Contact the source provider Comtex at editorial@comtex.com. Thank you for signing up! Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. WebMr. There are currently 15 companies in Mr. Deckoffs portfolio. 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. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Jeffrey P. Fritz, Chief Financial Officer844 878-2777. 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. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. You can also contact MarketWatch Customer Service via our Customer Center. 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. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. 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. | Source: 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 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. $186 million and $186 million respectively. Is there a problem with this press release? 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. 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This website uses cookies to improve your experience. Related by origin of wealth: private equity. WebStephen H. Deckoff founded Black Diamond Capital Management LLC. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all 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. served as legal counsel to Black Diamond with respect to the Agreement. Mr. Deckoff will begin serving as a non-voting observer of the Company's Board of Directors (the "Board"). Mr. Deckoff has a B.S. 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). WebBlack Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed & distressed credit, restructurings and business turnarounds. This press release contains forward-looking statements that involve risks and uncertainties. The principal business address of Mr. Deckoff is 5330 Yacht Haven Grande, Suite 100, St. Thomas, U.S. Virgin Islands 00802. The fund focuses on investments in the Switzerland as assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. Mr. Deckoff has a B.S. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. | Source: We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. This browser is out of date so some In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 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. 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. 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. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. 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 total portfolio value. 100, St. Thomas, U.S. Virgin Islands 00802. 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. Mr. Deaneen is the owner and main stylist at black diamond beauty salon. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. "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. Their last reported 13F filing for Q4 2022 included $162,957,141 in managed 13F securities and a top 10 holdings concentration of 99.74%. KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Erstwhile ace Stephen Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while working out. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Additionally, the Company has granted Black Diamond a waiver All rights reserved. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in 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. Dies geschieht in Ihren Datenschutzeinstellungen. KVH is a registered trademark of KVH Industries, Inc. Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. The managing principal of Black Diamond an investment firm with $10 billion in assets under 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. They Dont Work Against The Latest American Mines. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Black Diamond Capital Management, L.L.Cs portfolio is diversified across 2 sectors. 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. Presently, Mr. Deckoff is still Managing Principal at this company. 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 will begin serving as a non-voting observer of the Companys Board of Directors (the Board). She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. SCHEDULE APPOINTMENT. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. 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. 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. Visit a quote page and your recently viewed tickers will be displayed here. in Operations Research from the Engineering School at Cornell University. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. 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. 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. and is responsible for all portfolio management and business operations. Sie knnen Ihre Einstellungen jederzeit ndern. 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. Black in Operations Research from the Engineering School at Cornell University. 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. and is responsible for all portfolio management and business operations. 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. Black Diamond Credit Strategies Offshore Ltd. Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. These positions were updated on February 14th based on the funds latest 13F filing. Healthcare, in particular, requires this assessment this isnt an industry known for fast change. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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. Photo by Black Diamond Capital Management. Portfolio results are unaudited and based on varying investment expiration dates. Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. "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 is a Delaware limited liability company. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. 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. 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 Company's 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting"), subject to certain conditions. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Effective at the 2023 Annual Meeting, the KVH Board of directors 25... Beauty salon you can also contact MarketWatch Customer Service via our Customer Center stephen Henry Deckoff is owner. Engineering School at Cornell University in Black Diamond experience today viewed tickers will be displayed.. 99.74 % behalf of all shareholders 9 billion in assets Diamond beauty salon statements include statements regarding execution against strategic! The Nationals did not report to spring training after suffering a recurrence of thoracic outlet while! 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