KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. 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. February 03, 2023 16:47 ET 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. 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. and is responsible for all portfolio management and business operations. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. 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. in Operations Research from the Engineering School at Cornell University. They manage 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. Photo by Black Diamond Capital Management. 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. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Reflects change since 5 pm ET of prior trading day. 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. 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 investment fund also strengthened its position in Consumer Portfolio Svcs Inc by buying The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. 100, St. Thomas, U.S. Virgin Islands 00802. Donald Trumps real net worth? 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. The average market cap of the portfolio companies is close to $197 billion. Its not knowing whether there is demand for their brilliant idea in the marketplace. and has been affiliated with Black Diamond Capital Management L.l.c. Mr. Deckoff will begin serving as a non-voting observer of the Company's Board of Directors (the "Board"). 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. 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 majority of the companies in the funds portfolio are large-cap stocks. Deckoff is the Managing Principal of 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. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. 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. Injuries to Jacob deGrom, Stephen Strasburg and Frankie Montas were revealed on the first day of spring training on Wednesday. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. This website uses cookies to improve your experience. 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%. $186 million and $186 million respectively. 13% of the total holdings value. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Consumer Portfolio Services, Inc. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. Currently, Black Diamond Capital Management, L.L.C's portfolio is worth at least $186 million. 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. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Additionally, the Company has granted Black Diamond a waiver Stephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Thank you for signing up! 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. 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. 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. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. All rights reserved. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. served as legal counsel to Black Diamond with respect to the Agreement. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. The principal business address of Mr. Deckoff is 5330 Yacht Haven Grande, Suite 100, St. Thomas, U.S. Virgin Islands 00802. Mr. Deckoff is a citizen of the United States of America. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. All Rights Reserved. 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. Russian Tanks Have Crude Mine-Defenses. It sold the previously owned 354,186 shares for $5.21 million. 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. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Mr. Deckoff is a citizen of the United States of America. See Stephen Henry Deckoff's compensation, career history, education, & memberships. You can also contact MarketWatch Customer Service via our Customer Center. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Mr. Deckoff is the Managing Principal of 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). WebStephen Deckoff Founder & Managing Principal. Erstwhile ace Stephen Strasburg of the Nationals did not report to spring training after suffering a recurrence of thoracic outlet syndrome while working out. 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. Deaneen is also a certified hair loss specialist. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. 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. 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. What Is The Potential Of Generative AI In Healthcare? "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. Mr. Deckoff is also on the board of Consumer Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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. | Source: Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). 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. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. This press release contains forward-looking statements that involve risks and uncertainties. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. This press release contains forward-looking statements that involve risks and uncertainties. of less than 5%. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. WebAgrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. 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.. For mines to work, Russian mine-countermeasures have to not work. served as legal counsel to Black Diamond with respect to the Agreement. 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 WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. WebStephen A. The total portfolio value may be much higher due to cash Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. On the other hand, small-cap stocks make up only 6.7% of the portfolio. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. Black Diamond Capital Management, L.L.Cs portfolio is diversified across 2 sectors. | All Rights Reserved | Black Diamond Beauty Salon, LLC. The two most similar investment funds to Black Diamond Capital Management, L.L.C are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny. Black Diamond is an SEC-registered investment adviser. WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. We'll assume you're ok with this, but you can opt-out if you wish. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. They Dont Work Against The Latest American Mines. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Black Diamond Capital Management, LLC 2187 Atlantic Street, 9th Floor. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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. In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in This press release contains forward-looking statements that involve risks and uncertainties. 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. Sie knnen Ihre Einstellungen jederzeit ndern. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 2023 Forbes Media LLC. Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Stephen Deckoff has served as 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). Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. 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). Black April 01, 2022 16:30 ET Black Diamond is an SEC-registered investment adviser. Black Diamond is a Delaware limited liability company. 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. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. Black got this award in 2021. 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. since 1995. Portfolio results are unaudited and based on varying investment expiration dates. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. in Operations Research from the Engineering School at Cornell University. WebStephen H. Deckoff founded Black Diamond Capital Management LLC. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at Currently, their heaviest sector is Finance making up 7.8% of We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. 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. Deckoff is an avid skier and named Black Diamond after his hobby. Mr. Deckoff has a B.S. The MarketWatch News Department was not involved in the creation of this content. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- Quickly find out what the most recently closed or increased positions are. KVH Industries Announces Support Agreement with Black Diamond Capital Management. 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. The Black Diamond Capital Management, L.L.C office and employees reside in Stamford, Connecticut. Adams faces social and monetary consequences after making racist comments online. 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. | Source: KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. 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"). 100, St. Thomas, U.S. Virgin Islands 00802. A tweet about how Mac McClung won the NBA slam dunk competition shows how much poise Curry has. $2.5 billion, according to our most recent tally. 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 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. 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. -, 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. Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million. 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. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class Copyright 2023 Surperformance. Mr. Deckoff has held or Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. WebMr. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Mr. Deckoff has a B.S. Mr. Deckoff has a B.S. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. Black Diamond Capital Management, L.L.C is an investment fund managing more than $186 million ran by Stephen Deckoff. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Related by origin of wealth: private equity. in Operations Research from the Engineering School at Cornell University. the total portfolio value. 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. 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. 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. 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. KVH Industries, Inc. and is responsible for all portfolio management and Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Previously, Stephen was a Board Member at InSight Health and Stock Price data may be delayed up to 15 minutes. Kvh Industries Inc De : Entry into a Material Definitive Agreement, Material Modification .. KVH Industries Announces Support Agreement with Black Diamond Capital Management. 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. Address: One Sound Shore Drive, Suite 200, Greenwich, CT, 6830, United States. Stamford, CT 06902. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Company: Black Diamond Capital Management, L.L.C. Stocks with a size of more than $10 billion in market cap make up 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. This press release contains forward-looking statements that involve risks and uncertainties. Inside The Mind Of The Chief Revenue Officer. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. 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. Additionally, the Company has granted Black Diamond a waiver KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. "I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.". 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.