The principal business address of Mr. Deckoff is 5330 Yacht Haven Grande, Suite 100, St. Thomas, U.S. Virgin Islands 00802. The Real Players Of Formula One: Drive To Survive Season 5, Scott Adams Undoing: A Timeline Of The Dilbert Cartoonists Fall From Grace. served as legal counsel to Black Diamond with respect to the Agreement. "I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.". and certain of its affiliates (collectively, Black Diamond). Mr. Deckoff has a B.S. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. Is there a problem with this press release? Black Diamond Capital Management, LLC 2187 Atlantic Street, 9th Floor. 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. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. WebBlack Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed & distressed credit, restructurings and business turnarounds. the total portfolio value. $2.5 billion, according to our most recent tally. 100, St. Thomas, U.S. Virgin Islands 00802. Photo by Black Diamond Capital Management. KVH Industries, Inc. 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). There are currently 15 companies in Mr. Deckoffs portfolio. in Operations Research from the Engineering School at Cornell University. The two most similar investment funds to Black Diamond Capital Management, L.L.C are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny. Visit a quote page and your recently viewed tickers will be displayed here. 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. Stamford, CT 06902. 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 Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. Black Diamond is a Delaware limited liability company. The investment fund also strengthened its position in Consumer Portfolio Svcs Inc by buying since 1995. 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. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Copyright 2023. Deckoff is an avid skier and named Black Diamond after his hobby. and is responsible for all portfolio management and business operations. 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. Stephen H. Deckoff and James E. Walker III Recommended for Election to Its Board of Directors. since December-1995. 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. 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. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. WebMr. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. 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. Stocks with a size of more than $10 billion in market cap make up The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Though he already owns property in New York and a multimillion-dollar villa overlooking the turquoise Caribbean waters of Peter Bay in the U.S. Virgin Islands, financier Stephen Deckoff just added another pricey bauble to his real estate portfolio. In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in Additionally, the Company has granted Black Diamond a waiver Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Erstwhile ace Stephen Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while working out. WebStephen A. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Deaneen is also a certified hair loss specialist. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- | All Rights Reserved | Black Diamond Beauty Salon, LLC. Delayed Nasdaq These positions were updated on February 14th based on the funds latest 13F filing. 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. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. They manage Mr. Deckoff is also on the board of Consumer Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. The managing principal of Black Diamond an investment firm with $10 billion in assets under 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. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. The principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. 390,363 additional shares. 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. Mr. Deckoff is a citizen of the United States of America. | Source: Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). KVH on Feb. 3 said it will support Deckoffs candidacy and will accept the resignation of one of its incumbent board members at its 2023 annual meeting to keep the panel at seven members. Company: 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. Stephen Deckoff has an ownership stake in 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. Adams faces social and monetary consequences after making racist comments online. Presently, Mr. Deckoff is still Managing Principal at this company. Donald Trumps real net worth? assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. WebStephen H. Deckoff founded Black Diamond Capital Management LLC. Thank you for signing up! Mr. Deckoff is a citizen of the United States of America. Mr. Deckoff has held or All Rights Reserved. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. 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. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. and is responsible for all portfolio management and business operations. Firm. 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 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. 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 MIDDLETOWN, R.I., Feb. 03, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI) (KVH or the 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. What Is The Potential Of Generative AI In Healthcare? Consumer Portfolio Services, Inc. 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. 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. 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. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. and is responsible for all portfolio management and business operations. Prior to launching Black Diamond in 1995, Deckoff worked of less than 5%. KVH is a registered trademark of KVH Industries, Inc. Sie knnen Ihre Einstellungen jederzeit ndern. This press release contains forward-looking statements that involve risks and uncertainties. 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. Black Diamond is a Delaware limited liability company. The average market cap of the portfolio companies is close to $197 billion. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class 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. are based in the Switzerland. Injuries to Jacob deGrom, Stephen Strasburg and Frankie Montas were revealed on the first day of spring training on Wednesday. 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. All rights reserved. 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). 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.. 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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. 6.7% of the portfolio companies 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. 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 is Managing Principal and has served as Managing Principal since 12/01/1995. 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. 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. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. 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. Stephen is Managing Principal and has served as Managing Principal Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Jeffrey P. Fritz, Chief Financial Officer844 878-2777. Copies are available through KVHs 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. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. You're all set to receive the Morning Update newsletter. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. You can also contact MarketWatch Customer Service via our Customer Center. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? We'll assume you're ok with this, but you can opt-out if you wish. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Quickly find out what the most recently closed or increased positions are. WebStephen H. Deckoff is Managing Principal at Black Diamond Capital Management L.l.c. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. and is responsible for all portfolio management and business operations. SCHEDULE APPOINTMENT. This makes their stake in Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million. February 03, 2023 16:47 ET Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Terms of Service | Privacy Policy, KVH Industries Announces Support Agreement with Black Diamond Capital Management, Wednesday, March 01, 2023 05:57 PM | Business Wire via QuoteMedia, Wednesday, March 01, 2023 05:57 PM | PR Newswire via QuoteMedia, Wednesday, March 01, 2023 05:49 PM | Business Wire via QuoteMedia, Wednesday, March 01, 2023 05:48 PM | GlobeNewswire via QuoteMedia, Wednesday, March 01, 2023 05:39 PM | Business Wire via QuoteMedia, Wednesday, March 01, 2023 05:37 PM | Newsfile via QuoteMedia, Friday, February 03, 2023 04:47 PM | GlobeNewswire via QuoteMedia, Hope Bancorp to Participate in the Piper Sandler 2023 Western Financial Services Conference, Compass to Present at 2023 Morgan Stanley Technology, Media & Telecom Conference, Faraday Future Promotes Mr. Yueting Jia to Section 16 Officer Position and Executive Officer, Reporting to the Board of Directors, TAAT Granted MCTO for Filing Extension of 2022 Financial Statements, NanoString to Webcast Panel on AI-Based Genomics and Drug Discovery from the 43rd Annual Cowen Health Care Conference, LJS ENT LLC Set to Release Newest Song on Friday, March 3, 2023. 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