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. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. The fund focuses on investments in the Switzerland as Sie knnen Ihre Einstellungen jederzeit ndern. and certain of its affiliates (collectively, Black Diamond). Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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). Deckoff is an avid skier and named Black Diamond after his hobby. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. You can also contact MarketWatch Customer Service via our Customer Center. -, KVH TracNet recognized with the 2023 SMART4SEA Connectivity Award; Leading maritime industry organization SAFETY4SEA recognizes TracNet hybrid solution for its contributions to vessel connectivity, KVH TracNet recognized with the 2023 SMART4SEA Connectivity Award, KVH's New Crew Internet Service Offers Vital Connectivity to Mariners and Enables Vessel Traffic Allocation. Consumer Portfolio Services, Inc. is an independent specialty finance company that providesindirect automobile financing to individuals with past credit problems or limited credit histories. Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million. 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. SCHEDULE APPOINTMENT. WebBlack Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. Currently, Black Diamond Capital Management, L.L.C's portfolio is worth at least $186 million. 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. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. in Operations Research from the Engineering School at Cornell University. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. since 1995. Deaneen is the owner and main stylist at black diamond beauty salon. WebMr. WebStephen Deckoff. See Stephen Henry Deckoff's compensation, career history, education, & memberships. Delayed Nasdaq Portfolio results are unaudited and based on varying investment expiration dates. 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. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). and certain of its affiliates (collectively, Black Diamond). They manage | All Rights Reserved | Black Diamond Beauty Salon, LLC. 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. The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. 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. Black Diamond Credit Strategies Offshore Ltd. 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. 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. 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 Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Stephen H. Deckoff and James E. Walker III Recommended for Election to Its Board of Directors. since December-1995. Photo by Black Diamond Capital Management. KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. 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. This website uses cookies to improve your experience. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. Stephen Deckoff has served as Managing Principal of Black Diamond Capital Management, L.L.C. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. in Operations Research from the Engineering School at Cornell University. Salesforce stock soars as Benioff says goal is to be the most profitable software company in the world, Bidens first veto could impact your 401(k) and how companies react to climate change, Snowflake stock falls after earnings as forecast underwhelms, Why microchips could make or break the electric vehicle revolution, Plug Power stock dips on revenue miss, but execs stick with annual sales forecast as new factory ramps up. It sold the previously owned 354,186 shares for $5.21 million. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. $186 million and $186 million respectively. 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. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. It Isnt Patents, This Stephen Curry Tweet About Slam Dunk Star Mac McClung Is Pure Gold, Injuries To Jacob deGrom, Stephen Strasburg And Frankie Montas Get Spring Training Started, New Injury Worry Knocks Stephen Strasburg Out Of Spring Training, How Work Marketplace Site Upwork Makes Life More Accessible For Freelance Worker Shari Stephens, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. 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. KVH Industries Announces Support Agreement with Black Diamond Capital Management. 4,071,500 shares of Consumer Portfolio Svcs Inc currently worth over $48.2 million and making up 25.9% of the portfolio value. All Rights Reserved. This press release contains forward-looking statements that involve risks and uncertainties. You're all set to receive the Morning Update newsletter. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. served as legal counsel to Black Diamond with respect to the Agreement. There are currently 15 companies in Mr. Deckoffs portfolio. 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. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. served as legal counsel to Black Diamond with respect to the Agreement. Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. $2.5 billion, according to our most recent tally. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? Visit a quote page and your recently viewed tickers will be displayed here. Black Diamond Capital Management, LLC 2187 Atlantic Street, 9th Floor. and is responsible for all portfolio management and business operations. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. Related by origin of wealth: private equity. Mr. Deckoff is a citizen of the United States of America. and certain of its affiliates (collectively, Black Diamond). Mr. Deckoff has a B.S. This press release contains forward-looking statements that involve risks and uncertainties. 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. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. and is responsible for all portfolio management and business operations. All Rights Reserved. served as legal counsel to Black Diamond with respect to the Agreement. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. WebStephen Henry Deckoff, Black Diamond Capital Mgmt LLC: Profile and Biography - Bloomberg Markets Your browser is: WebKit 534. April 01, 2022 16:30 ET For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. 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. Black Diamond Beauty Salon, LLC 8421 South Orange Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. The principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. KVH is a registered trademark of KVH Industries, Inc. Stocks with a size of more than $10 billion in market cap make up Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. WebStephen A. 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). Mr. Deckoff has held or Deaneen is also a certified hair loss specialist. 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. 13% of the total holdings value. Mr. Deckoff is a citizen of the United States of America. "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. We'll assume you're ok with this, but you can opt-out if you wish. 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. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class WebStephen H. Deckoff founded Black Diamond Capital Management LLC. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. and is responsible for all portfolio management and KVH develops, manufactures, and provides maritime communication hardware and services worldwide. 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