Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. 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. 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. 4,071,500 shares of Consumer Portfolio Svcs Inc currently worth over $48.2 million and making up 25.9% of the portfolio value. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class 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. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Copies are available through KVH's 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. There are currently 15 companies in Mr. Deckoffs 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Mr. Deckoff is a citizen of the United States of America. In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million. WebStephen Deckoff. In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in Black Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file 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). of less than 5%. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. ", "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. This press release contains forward-looking statements that involve risks and uncertainties. For mines to work, Russian mine-countermeasures have to not work. WebStephen Deckoff Founder & Managing Principal. and is responsible for all portfolio management and business operations. Company/Fund Name: Black Diamond Capital Management, L.L.C. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. (Black Diamond). Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the Company), today Mr. Deckoff has a B.S. in Operations Research from the Engineering School at Cornell University. 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. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. All rights reserved. The total portfolio value may be much higher due to cash 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. Quickly find out what the most recently closed or increased positions are. Dies geschieht in Ihren Datenschutzeinstellungen. 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. 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. Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Sie knnen Ihre Einstellungen jederzeit ndern. Currently, Black Diamond Capital Management, L.L.C's portfolio is worth at least $186 million. 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. and is responsible for all portfolio management and business operations. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Mr. Deckoff has a B.S. Source. Kvh Industries Inc De : Entry into a Material Definitive Agreement, Material Modification .. KVH Industries Announces Support Agreement with Black Diamond Capital Management. Changes needed to be made to the Stephens lifestyle in order to make things manageable Because of [her husbands condition], and all of the different things we were dealing with, I really needed an opportunity [for change], Stephens said to me in an interview via videoconference in early December. 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. We'll assume you're ok with this, but you can opt-out if you wish. KVH is a registered trademark of KVH Industries, Inc. and certain of its affiliates (collectively, "Black Diamond"). Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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. 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. 100, St. Thomas, U.S. Virgin Islands 00802. Address. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. served as legal counsel to Black Diamond with respect to the Agreement. The average market cap of the portfolio companies is close to $197 billion. Previously, Stephen was a Board Member at InSight Health and 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. 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. 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. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. KVH is a registered trademark of KVH Industries, Inc. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. 13% of the total holdings value. Black Diamond Capital Management LLC. This press release contains forward-looking statements that involve risks and uncertainties. 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 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). Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Previously, Stephen was a Board Member at InSight Health and also held positions at Kidder Mathews, The Bear Stearns Companies. WebBlack Diamond Capital, LLC Jun 2015 - Aug 20153 months St. Thomas, USVI My job involved accounting, asset servicing, and trade settlement for various types of credit investments. The Black Diamond Capital Management, L.L.C office and employees reside in Stamford, Connecticut. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Raymond James Adjusts KVH Industries' Price Target to $13 from $16, Keeps Strong Buy Ra.. President, Chief Executive Officer & Director. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Address: One Sound Shore Drive, Suite 200, Greenwich, CT, 6830, United States. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. 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 Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Is there a problem with this press release? 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