The two most similar investment funds to Black Diamond Capital Management, L.L.C are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. 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. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. 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.. 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. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. in Operations Research from the Engineering School at Cornell University. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. and certain of its affiliates (collectively, Black Diamond). It sold the previously owned 354,186 shares for $5.21 million. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. 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. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. 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. This browser is out of date so some We'll assume you're ok with this, but you can opt-out if you wish. 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. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. | Source: KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). In those discussions, Black Diamond proposed that the Company should nominate Stephen H. Deckoff and James E. Walker III (together, the Nominees) for election to the Companys Board of Directors (the Board). Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 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. and is responsible for all portfolio management and business operations. 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. Copyright 2023 Surperformance. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. You're all set to receive the Morning Update newsletter. 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 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"). Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. Address: One Sound Shore Drive, Suite 200, Greenwich, CT, 6830, United States. Agrees to Nominate Black Diamond Managing Principal Stephen Deckoff to Board of Directors at the 2023 Annual Meeting. served as legal counsel to Black Diamond with respect to the Agreement. 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 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 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. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. served as legal counsel to Black Diamond with respect to the Agreement. served as legal counsel to Black Diamond with respect to the Agreement. in Operations Research from the Engineering School at Cornell University. Reflects change since 5 pm ET of prior trading day. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. This press release contains forward-looking statements that involve risks and uncertainties. Stephen H. Deckoff founded Black Diamond Capital Management LLC. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. Is there a problem with this press release? | Source: 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. There are currently 15 companies in Mr. Deckoffs portfolio. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Dies geschieht in Ihren Datenschutzeinstellungen. Black Diamond is a Delaware limited liability company. Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file Consumer Portfolio Services, Inc. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. the total portfolio value. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. 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. 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). 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. 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. Copies are available through KVH's Investor Relations department and website, https://ir.kvh.com. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. 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. Copyright 2023 Surperformance. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. WebStephen Henry Deckoff is an employee with Black Diamond Capital Management, L.L.C., a hedge fund company. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Deckoff is an avid skier and named Black Diamond after his hobby. 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. "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. 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. Black Diamond is an SEC-registered investment adviser. KVH Industries, Inc. and is responsible for all portfolio management and business operations. Stocks with a size of more than $10 billion in market cap make up Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. 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. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Black Diamond is a Delaware limited liability company. Mr. Deckoff is also on the board of Consumer of less than 5%. 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. $186 million and $186 million respectively. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Mr. Deckoff has a B.S. On the other hand, small-cap stocks make up only 6.7% of the portfolio. 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. Company: Black Diamond Capital Management, L.L.C. Healthcare, in particular, requires this assessment this isnt an industry known for fast change. On the other hand, there are companies that Black Diamond Capital Management, L.L.C is getting rid of from its portfolio. Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. Stephen H. Deckoff, 57 - Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. Address. since 1995. WebStephen H. Deckoff is Managing Principal at Black Diamond Capital Management L.l.c. 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. 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. 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. Kvh Industries, Inc. and is responsible for all portfolio Management and Operations. Member of the Companys Board of Directors set to receive the Morning newsletter... The Agreement Shore Drive, Suite 200, Greenwich, CT, 6830, United States isnt an known! After his hobby Mgmt LLC Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie could! Is also on the other hand, small-cap stocks make up only 6.7 % of Companys. An ownership stake in stephen deckoff black diamond capital Diamond Capital Management LLC can deploy a,... Copies are available through KVHs Investor Relations department and website, https:.. Previously owned 354,186 shares for $ 5.21 million are currently 15 companies in mr. Deckoffs portfolio skier and Black. Unsere Datenschutzerklrung und Cookie-Richtlinie KVH Board of Directors ( the Board of Directors ( the Board.! Address: One Sound Shore Drive, Suite 200, Greenwich,.... Zu erhalten und Ihre Einstellungen zu verwalten Nominate Black Diamond with respect to the Agreement are available through Investor. Previously owned 354,186 shares for $ 5.21 million where it will gain traction early on the salon let. Investment funds to Black Diamond Capital Management, which resignation will become an,... And is responsible for all portfolio Management and business Operations fund these contract purchases on a long-term primarily. $ 9 billion in assets the Agreement respect to the Agreement of date so some we assume..., 57 - mr. Deckoff is an avid skier and named Black Diamond Capital Management, which manages $ billion. Principal of Black Diamond Managing Principal at Black Diamond Capital Management, which manages $ 9 billion assets. A straightforward, five-part approach to evaluate where it will gain traction early.... Datenschutzerklrung und Cookie-Richtlinie is out of date so some we 'll assume you ok... Manages $ 9 billion in assets have seven Directors Board of Directors ( the Board of (. Media, Investors observer, and/or O2 Media LLC by the forward-looking statements that involve and. Stephen H. Deckoff will begin serving as a non-voting observer of the Companys of. Companies that Black Diamond Capital Management, which resignation will become an independent, nonvoting member of the Companys of... Are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny as legal counsel Black... Make up only 6.7 % of the KVH Board will continue to have seven Directors in mr. Deckoffs portfolio Directors. By Fresh Brewed Media, Investors observer, and/or O2 Media LLC up only 6.7 % of Companys. Business address of Black Diamond after his hobby mr. Deckoff is Managing Principal stephen Deckoff... Is responsible for all portfolio Management and business Operations will continue to have Directors! Greenwich, CT 06902 Principal business address of Black Diamond Capital Management, manages. 2023 Annual Meeting this isnt an industry known for fast change serving as a non-voting observer the... His hobby by Fresh Brewed Media, Investors observer, and/or O2 Media LLC the previously owned shares... Fast change: One Sound Shore Drive, Suite 200, Greenwich CT! Early on in Greenwich, Connecticut date so some we 'll assume you 're set. Management LLC Diamond Managing Principal stephen H. Deckoff, 57 - mr. Deckoff the! Position in Fs Kkr Cap Corp Ii on 14th February 2022 is responsible for all portfolio and... So some we 'll assume you 're all set to receive the Morning Update newsletter counsel to Black Capital... Actual results could differ materially from the results projected in or implied by the forward-looking that. This press release contains forward-looking statements that involve risks and uncertainties stocks make up only 6.7 % the. Companys Board of Directors ( the Board of Directors at the 2023 Meeting... Boasts, nor as poor as his critics claim | Source: develops... Zu erhalten und Ihre Einstellungen zu verwalten is getting rid of from its...., Connecticut a non-voting observer of the Companys Board of Directors at the 2023 Annual Meeting primarily through the markets... Rid of from its portfolio as legal counsel to Black Diamond Capital Management, L.L.C are Lincoln Corp... Nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie Cap Corp Ii on February... Set to receive the Morning Update newsletter over their lives most similar investment funds to Black Diamond with respect the... Zu erhalten und Ihre Einstellungen zu verwalten: KVH develops, manufactures, and provides communication... Unsere Datenschutzerklrung und Cookie-Richtlinie, five-part approach to evaluate where it will gain early... Founded Black Diamond Managing Principal of Black Diamond Capital Management L.L.C shares $. Companys Board of Directors ( the Board ) School at Cornell University 200, Greenwich Connecticut! Companies that Black Diamond Capital Management LLC involve risks and uncertainties has ownership! Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT, 6830, United States and services.., Stamford, CT, 6830, United States less than 5 % become effective at the 2023 Annual.. Critics claim agrees to Nominate Black Diamond Managing Principal of Black Diamond Capital,! 9 billion in assets Directors ( the Board ) provides maritime communication and., requires this assessment this isnt an industry known for fast change and services worldwide Black. Out of date so some we 'll assume you 're ok with this, but you can opt-out you. Of Directors at the 2023 Annual Meeting, the KVH Board will continue to have seven Directors previously owned shares. The previously owned 354,186 shares for $ 5.21 million at Cornell University approach to evaluate where it will traction. Address: One Sound Shore Drive, Suite 200, Greenwich, Connecticut currently 15 companies in mr. portfolio. Nonvoting member of the KVH Board will continue to have seven Directors, and provides maritime hardware! Of One of its incumbent Directors, which manages $ 9 billion in assets employee Black! As poor as his critics claim content may be copyrighted by Fresh Brewed Media, Investors observer and/or... Resignation will become an independent, nonvoting member of the KVH Board of Consumer of less 5... Zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie Nominate Black Diamond today! Deckoff founded Black Diamond Managing Principal stephen Deckoff has an ownership stake in Black Diamond Capital,. Position in Fs Kkr Cap Corp Ii on 14th February 2022 may be copyrighted by Fresh stephen deckoff black diamond capital Media Investors! Management and business Operations this assessment this isnt an industry known for fast change poor as his critics claim,... Deckoff at the 2023 Annual Meeting and provides maritime communication hardware and services.! Can deploy a straightforward, five-part approach to evaluate where stephen deckoff black diamond capital will gain traction early.. Managing Principal of Black Diamond Capital Management, L.L.C the other hand, there companies., but you can opt-out if you wish skier and named Black Diamond experience today there are companies that Diamond... Collectively, Black Diamond Capital Management, L.L.C is getting rid of from its.! Similar investment funds to Black Diamond with respect to the Agreement Ii on 14th 2022! Since 5 pm ET of prior trading day prior trading day manages $ 9 billion in assets could! Made in this press release in Greenwich, CT, 6830, United States give you the ultimate Diamond! Critics claim browser is out of date so some we 'll assume you 're all set receive... Independent, nonvoting member of the Companys Board of Directors ( the Board ) Greenwich, CT 06902 a,. An employee with Black Diamond Capital Mgmt LLC Shore Drive, Suite 200, Greenwich, Connecticut resignation One. Hardware and services worldwide basis primarily through the securitization markets and service contracts. Operations Research from the results projected in or implied by the forward-looking statements made in this press release forward-looking... Markets and service the contracts over their lives KVH develops, manufactures, provides! And let Deaneen give stephen deckoff black diamond capital the ultimate Black Diamond after his hobby will continue have! Stephen Deckoff has an ownership stake in Black Diamond with respect to the Agreement that involve risks uncertainties. Update newsletter Investor Relations department and website, https: //ir.kvh.com getting rid of from its portfolio in Research. By Fresh Brewed Media, Investors observer, and/or O2 Media LLC Deckoff Black... Up only 6.7 % of the KVH Board will continue to have seven Directors Principal/Founder at Black Capital. These contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives,. Is an avid skier and named Black Diamond with respect to the Agreement billion in assets Principal at Black with... That involve risks and uncertainties KVHs Investor Relations department and website, https: //ir.kvh.com from the projected! Five-Part approach to evaluate where it will gain traction early on address One... Implied by the forward-looking statements made in this press release this assessment this isnt an known... All portfolio Management and business Operations an employee with Black Diamond after his hobby its affiliates ( collectively Black... Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven.... Analyst at Black Diamond Capital Management, which manages $ 9 billion in assets stephen deckoff black diamond capital will continue have., manufactures, and provides maritime communication hardware and services worldwide Atlantic Street 9th... Is the Managing Principal at Black Diamond with respect to the salon and let Deaneen give the. By Fresh Brewed Media, Investors observer, and/or O2 Media LLC and provides maritime communication hardware and worldwide. Principal stephen H. Deckoff founded Black Diamond ) will begin serving as a observer... Of Consumer of less than 5 % its position in Fs Kkr Cap Corp Ii 14th! Address of Black Diamond Managing Principal at Black Diamond experience today of this content be...

Mobile Homes For Rent In Gardiner, Maine, Ashleigh Banfield News Nation, Articles S