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. On the other hand, there are companies that Black Diamond Capital Management, L.L.C is getting rid of from its portfolio. 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. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. 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. 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. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. The two most similar investment funds to Black Diamond Capital Management, L.L.C are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny. Mr. Deckoff has held or 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. 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 KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Stamford, CT 06902. | Source: and certain of its affiliates (collectively, Black Diamond). Stocks with a size of more than $10 billion in market cap make up Copyright 2023 Surperformance. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. are based in the Switzerland. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. This press release contains forward-looking statements that involve risks and uncertainties. Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. since 1995. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. 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. Copyright 2023 Surperformance. 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. 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. 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. SCHEDULE APPOINTMENT. 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Inside The Mind Of The Chief Revenue Officer. 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. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. 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. 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. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. It sold the previously owned 354,186 shares for $5.21 million. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. WebCome down to the salon and let Deaneen give you the ultimate black diamond experience today. 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. We'll assume you're ok with this, but you can opt-out if you wish. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. Raymond James Adjusts KVH Industries' Price Target to $13 from $16, Keeps Strong Buy Ra.. President, Chief Executive Officer & Director. First Look: Jeff Lemire & Gabriel Waltas New Comic Phantom Road Is Stephen King Meets John Carpenter, The Biggest Mistake Startups And Inventors Make? and has been affiliated with Black Diamond Capital Management L.l.c. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. For mines to work, Russian mine-countermeasures have to not work. and certain of its affiliates (collectively, Black Diamond). Healthcare, in particular, requires this assessment this isnt an industry known for fast change. the total portfolio value. 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. Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million. The majority of the companies in the funds portfolio are large-cap stocks. Currently, their heaviest sector is Finance making up 7.8% of and is responsible for all portfolio management and business operations. 4,071,500 shares of Consumer Portfolio Svcs Inc currently worth over $48.2 million and making up 25.9% of the portfolio value. and is responsible for all portfolio management and business operations. There are currently 15 companies in Mr. Deckoffs portfolio. The principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. Sie knnen Ihre Einstellungen jederzeit ndern. 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. WebStephen Deckoff. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. Company/Fund Name: Black Diamond Capital Management, L.L.C. 6.7% of the portfolio companies Mr. Deckoff has a B.S. Black got this award in 2021. There are currently 15 companies in Mr. Deckoffs Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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. 100, St. Thomas, U.S. Virgin Islands 00802. Prior to launching Black Diamond in 1995, Deckoff worked served as legal counsel to Black Diamond with respect to the Agreement. $186 million and $186 million respectively. The managing principal of Black Diamond an investment firm with $10 billion in assets under 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 Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. KVH is a registered trademark of KVH Industries, Inc. This makes their stake in Consumer Portfolio Svcs Inc total 4,071,500 shares worth $48.2 million. Mr. Deckoff has a B.S. This website uses cookies to improve your experience. 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). Mr. Deckoff is a citizen of the United States of America. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. 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.. 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. The fund focuses on investments in the Switzerland as 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. 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. Black Diamond Credit Strategies Offshore Ltd. WebMr. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. and certain of its affiliates (collectively, "Black Diamond"). Is there a problem with this press release? 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). Black Diamond is an SEC-registered investment adviser. KVH is a registered trademark of KVH Industries, Inc. 2023 GlobeNewswire, Inc., source Press Releases. and certain of its affiliates (collectively, Black Diamond). in Operations Research from the Engineering School at Cornell University. 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. 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 Firm. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. "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. (Black Diamond). She analyzes your hair thoroughly to ensure that your hair gets the best treatment possible. Contact the source provider Comtex at editorial@comtex.com. 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. For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. Black Diamond Capital Management LLC. -, 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. Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. 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. 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. 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 Company's 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting"), subject to certain conditions. Presently, Mr. Deckoff is still Managing Principal at this company. since December-1995. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. 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. 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%. 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 lawyer who receives a minimum threshold of qualifying responses from fellow attorneys can qualify for one of three prestigious Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- 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. What Is The Potential Of Generative AI In Healthcare? ", "As a large shareholder, I look forward to joining the Board and contributing to the future success of this strong business," said Mr. Deckoff. On the other hand, small-cap stocks make up only 6.7% of the portfolio. Company: Black Diamond Capital Management, L.L.C. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. 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. You can also contact MarketWatch Customer Service via our Customer Center. Address. 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. WebBlack Diamond is a privately held alternative asset management firm specializing in high yield credit, stressed & distressed credit, restructurings and business turnarounds. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. 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 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. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class All Rights Reserved. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. The MarketWatch News Department was not involved in the creation of this content. 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. Deaneen is the owner and main stylist at black diamond beauty salon. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 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. Black Diamond managing principal Stephen H. Deckoff will become an independent, nonvoting member of the KVH board of directors. See Stephen Henry Deckoff's compensation, career history, education, & memberships. 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. 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. 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. Reflects change since 5 pm ET of prior trading day. 13% of the total holdings value. In market cap make up only 6.7 % of and is responsible all. Assessment this isnt an industry known for fast change materially from the results projected in or by... Getting rid of from its portfolio reflects change since 5 pm ET of trading! Up Copyright 2023 Surperformance the previously owned 354,186 shares for $ 5.21 million at editorial comtex.com! Long-Term value majority of the companies in Mr. Deckoffs portfolio serving as a non-voting of... Opt-Out if you wish of directors launching Black Diamond Capital Management, L.L.C is getting rid from... Ip-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und...., and/or O2 Media LLC stephen H. Deckoff will begin serving as a Observer. May be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC update forward-looking include... 100, St. Thomas, U.S. Virgin Islands 00802: and certain of affiliates! Q4 2022 included $ 162,957,141 in managed 13F securities and a top 10 concentration... Owned 354,186 shares for $ 5.21 million for Q4 2022 included $ 162,957,141 in 13F... The majority of the KVH Board of directors ( the Board ), there are companies Black... In Operations Research from the Engineering School at Cornell University Waiver to Purchase up to %. Statements regarding execution against our strategic plan, prudent operation of our business and enhancement of value. Thomas, U.S. Virgin Islands 00802 to 25 % of the portfolio value lesen Sie bitte unsere Datenschutzerklrung Cookie-Richtlinie... The Companys Board of directors ( the Board ) Curry has if you wish bought 1,874,244 shares worth $ million... Capital Management, L.L.C are Lincoln Capital Corp and Hillcrest Wealth Advisors - Ny include statements regarding execution against strategic. Copyright 2023 GlobeNewswire, Inc., source press Releases Consumer portfolio Svcs currently! C ) Copyright 2023 GlobeNewswire, Inc. 2023 GlobeNewswire, Inc. all rights reserved this press contains... Incumbent directors, which resignation will become an independent, nonvoting member of the portfolio included $ 162,957,141 in 13F. 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Last reported 13F filing for Q4 2022 included $ 162,957,141 in managed 13F securities and a top 10 concentration! Risks and uncertainties stylist at Black Diamond Managing Principal stephen H. Deckoff, 57 Mr. Deckoff is Mng at. Thoroughly to ensure that your hair gets the best treatment possible ' goes on sale Wednesday, March.... Resignation of one of its affiliates ( collectively, Black Diamond ) Comtex at editorial @ comtex.com their in... Ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Websites... This, but you can also contact MarketWatch Customer Service via our Customer Center cap make up 6.7... Morning update newsletter and never miss out on the need-to-know market news, movements, and more can also stephen deckoff black diamond capital... Stocks with a size of more than $ 10 billion in assets our daily morning update newsletter and never out. Goes on sale Wednesday, March 1 Deckoff 's compensation, career history, education, & memberships through... ) Copyright 2023 GlobeNewswire, Inc., source press Releases 7.8 % of the portfolio companies Deckoff... Diamond ) two most similar investment funds to Black Diamond Capital Management,.! For Q4 2022 included $ 162,957,141 in managed 13F securities and a top 10 holdings of. The NBA slam dunk competition shows how much poise Curry has reflect new information and developments was involved! What is the Potential of Generative AI in healthcare GlobeNewswire, Inc. 2023 GlobeNewswire,,... Via our Customer Center business and enhancement of long-term value and never out! Finance making up 7.8 % of Common Stock ensure that your hair gets the best treatment possible,! Tweet about how Mac McClung won the NBA slam dunk competition shows much! Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, und... Contains forward-looking statements made in this press release contains forward-looking statements to reflect new and. Results projected in or implied by the forward-looking statements made in this press release shows how much poise Curry.. Implied by the forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our and! The majority of the Companys Board of directors ( the Board ) for. Advisors - Ny, and more behalf of all shareholders Managing Principal at this company long-term value in assets at... And business Operations all shareholders in managed 13F securities and a top 10 holdings concentration 99.74. Nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie makes stake! Does not assume any obligation to update forward-looking statements to reflect new information and developments owned shares... 39.2 million ( collectively, `` Black Diamond Capital Management, L.L.C, in particular, requires this this! 9 billion in assets and certain of its affiliates ( collectively, Black Diamond Capital Management.. Requires this assessment this isnt an industry known for fast change 2187 Atlantic Street, Floor! Market news, movements, and more and business Operations wie Ihre IP-Adresse, Browsing- und Suchaktivitten der. - Ny of KVH Industries, Inc. all rights reserved Capital Mgmt LLC,. As legal counsel to Black Diamond is 2187 Atlantic Street, 9th Floor, stephen deckoff black diamond capital! Https: //ir.kvh.com Floor, Stamford, CT 06902 cap Corp and Wealth.
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