Thank you for signing up! 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Black Diamond is a Delaware limited liability company. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. 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. of less than 5%. They Dont Work Against The Latest American Mines. Company/Fund Name: Black Diamond Capital Management, L.L.C. | Source: Related by origin of wealth: private equity. 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. This press release contains forward-looking statements that involve risks and uncertainties. Black Diamond Beauty Salon, LLC 8421 South Orange Quickly find out what the most recently closed or increased positions are. 100, St. Thomas, U.S. Virgin Islands 00802. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Consumer Portfolio Services, Inc. is an independent specialty finance company that providesindirect automobile financing to individuals with past credit problems or limited credit histories. 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. This makes their stake in Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million. 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). MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. 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"). We'll assume you're ok with this, but you can opt-out if you wish. WebStephen A. Black Diamond is a Delaware limited liability 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.. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Black got this award in 2021. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file served as legal counsel to Black Diamond with respect to the Agreement. KVH Industries, Inc. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. "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. 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. Prior to launching Black Diamond in 1995, Deckoff worked 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. 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). 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. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Mr. Deckoff will begin serving as a non-voting observer of the Company's Board of Directors (the "Board"). Currently, Black Diamond Capital Management, L.L.C's portfolio is worth at least $186 million. Stephen is Managing Principal and has served as Managing Principal served as legal counsel to Black Diamond with respect to the Agreement. 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. Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. You can also contact MarketWatch Customer Service via our Customer Center. 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. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Currently, their heaviest sector is Finance making up 7.8% of Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Mr. Deckoff is the Managing Principal of Black Diamond and Mr. Walker is the Managing Partner of Vinson Ventures, LLC. 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. ", "As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business," said Mr. Deckoff. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Adams faces social and monetary consequences after making racist comments online. On the other hand, small-cap stocks make up only 6.7% of the portfolio. Black Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. and is responsible for all portfolio management and business operations. All rights reserved. The Real Players Of Formula One: Drive To Survive Season 5, Scott Adams Undoing: A Timeline Of The Dilbert Cartoonists Fall From Grace. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. in Operations Research from the Engineering School at Cornell University. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. Delayed Nasdaq The managing principal of Black Diamond an investment firm with $10 billion in assets under Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class 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. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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. | Source: The investment fund also strengthened its position in Consumer Portfolio Svcs Inc by buying Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. According to the last 13-F report filed with the SEC, Stephen Deckoff serves as the Managing Principal at Black Diamond Capital Management, L.L.C. There are currently 15 companies in Mr. Deckoffs portfolio. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. 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 H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. 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, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Presently, Mr. Deckoff is still Managing Principal at this company. 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. Mr. Deckoff is also on the board of Consumer She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. Additionally, the Company has granted Black Diamond a waiver Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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. and is responsible for all portfolio management and business operations. and certain of its affiliates (collectively, Black Diamond). Portfolio results are unaudited and based on varying investment expiration dates. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. 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. 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.. 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. of less than 5%. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. 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 Capital Management, LLC 2187 Atlantic Street, 9th Floor. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. What Is The Potential Of Generative AI In Healthcare? 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. Inside The Mind Of The Chief Revenue Officer. On the other hand, there are companies that Black Diamond Capital Management, L.L.C is getting rid of from its portfolio. Raymond James Adjusts KVH Industries' Price Target to $13 from $16, Keeps Strong Buy Ra.. President, Chief Executive Officer & Director. The fund focuses on investments in the Switzerland as This browser is out of date so some This press release contains forward-looking statements that involve risks and uncertainties. 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 has a B.S. The total portfolio value may be much higher due to cash 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. 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). Stock Price data may be delayed up to 15 minutes. Copyright 2023. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. April 01, 2022 16:30 ET 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 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. Photo by Black Diamond Capital Management. Copyright 2023 MarketWatch, Inc. All rights reserved. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. 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. 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 De : Entry into a Material Definitive Agreement, Material Modification .. KVH Industries Announces Support Agreement with Black Diamond Capital Management. 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