Additionally, the Company has granted Black Diamond a waiver Consumer Portfolio Services, Inc. is an independent specialty finance company that providesindirect automobile financing to individuals with past credit problems or limited credit histories. She believes that healthy hair is the base of any great hairstyle and has been known to have growing hands. Mr. Deckoff is a citizen of the United States of America. 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). Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. "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. Following the election of Mr. Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. 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). 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. WebStephen H. Deckoff founded Black Diamond Capital Management LLC. $2.5 billion, according to our most recent tally. Copyright 2023 Surperformance. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. 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 does not assume any obligation to update forward-looking statements to reflect new information and developments. Stephen Deckoff is an Analyst at Black Diamond Capital Management based in Greenwich, Connecticut. In addition, the fund holds 1,874,244 shares of Fs Kkr Cap Corp worth $39.2 million. 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. 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. This press release contains forward-looking statements that involve risks and uncertainties. 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). 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. I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.. Stocks with a size of more than $10 billion in market cap make up Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Mr. These positions were updated on February 14th based on the funds latest 13F filing. Deaneen is the owner and main stylist at black diamond beauty salon. 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 an SEC-registered investment adviser. Black Diamond is a Delaware limited liability company. Fs Kkr Cap Corp and bought 1,874,244 shares worth $39.2 million. The principal business address of Mr. Deckoff is 5330 Yacht Haven Grande, Suite 100, St. Thomas, U.S. Virgin Islands 00802. 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"). KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Its not knowing whether there is demand for their brilliant idea in the marketplace. You can also contact MarketWatch Customer Service via our Customer Center. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Quickly find out what the most recently closed or increased positions are. Black Diamond Credit Strategies Offshore Ltd. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. 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.. and is responsible for all portfolio management and business operations. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class of less than 5%. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. 6.7% of the portfolio companies MIDDLETOWN, R.I., Feb 03, 2023 (GLOBE NEWSWIRE via COMTEX) -- "I believe in the opportunity to create value at KVH and look forward to working with my fellow directors on behalf of all shareholders.". Together with affiliated entities, and based on its statement on Schedule 13D as most recently amended and on file 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. 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. In the most recent 13F filing, Black Diamond Capital Management, L.L.C revealed that it had opened a new position in Mr. Deckoff has a B.S. We can deploy a straightforward, five-part approach to evaluate where it will gain traction early on. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. 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. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. WebStephen Deckoff Founder & Managing Principal. 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. 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 will begin serving as a non-voting observer of the Companys Board of Directors (the Board). For example, forward-looking statements include statements regarding execution against our strategic plan, prudent operation of our business and enhancement of long-term value. Currently, their heaviest sector is Finance making up 7.8% of Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. 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. 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. This website uses cookies to improve your experience. 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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. Come down to the salon and let Deaneen give you the ultimate black diamond experience today. "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. KVH is a registered trademark of KVH Industries, Inc. KVH is a registered trademark of KVH Industries, Inc. COMTEX_423798081/2471/2023-02-03T16:47:33. 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. Company Grants Black Diamond a Waiver to Purchase Up to 25% of Common Stock. Black Black Diamond Capital Management, L.L.C closed its position in Fs Kkr Cap Corp Ii on 14th February 2022. This press release contains forward-looking statements that involve risks and uncertainties. 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. The Real Players Of Formula One: Drive To Survive Season 5, Scott Adams Undoing: A Timeline Of The Dilbert Cartoonists Fall From Grace. The Company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. We'll assume you're ok with this, but you can opt-out if you wish. 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. Copies are available through KVHs Investor Relations department and website, https://ir.kvh.com. Stephen is Managing Principal and has served as Managing Principal Stephen is Managing Principal and has served as Managing Principal since 12/01/1995. WebThe principal business address of Black Diamond is 2187 Atlantic Street, 9th Floor, Stamford, CT 06902. served as legal counsel to Black Diamond with respect to the Agreement. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Prior to the founding of Black Diamond in 1995, Mr. Deckoff worked at Kidder, Peabody & Co., Bear Stearns, Chemical Securities and Drexel Burnham Lambert. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Firm. On the other hand, small-cap stocks make up only 6.7% of the portfolio. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Presently, Mr. Deckoff is still Managing Principal at this company. The majority of the companies in the funds portfolio are large-cap stocks. Stephen H. Deckoff, 57 Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. served as legal counsel to Black Diamond with respect to the Agreement. | Source: 2023 Forbes Media LLC. Pursuant to the Agreement, the Company has committed to nominate and support Black Diamond Managing Principal Stephen H. Deckoff as an independent Class 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. 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. of less than 5%. and is responsible for all portfolio management and This press release contains forward-looking statements that involve risks and uncertainties. (C) Copyright 2023 GlobeNewswire, Inc. All rights reserved. The Black Diamond Capital Management, L.L.C office and employees reside in Stamford, Connecticut. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. 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. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board). Previously, Stephen was a Board Member at InSight Health and Stephen H. Deckoff and James E. Walker III Recommended for Election to Its Board of Directors. Previously, Stephen was a Board Member at InSight Health and also held positions at Kidder Mathews, The Bear Stearns Companies. Black Diamond is an SEC-registered investment adviser. 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. Stephen Deckoff has served as Managing Principal of Black Diamond Capital Management, L.L.C. Founded in 1982, the company has more than a dozen offices around the globe with research, development, and manufacturing operations based in Middletown, RI. served as legal counsel to Black Diamond with respect to the Agreement. Issue #1 of 'Phantom Raoad' goes on sale Wednesday, March 1. 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. and is responsible for all portfolio management and business operations. 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. Related by origin of wealth: private equity. Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. Copyright 2023 Surperformance. 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. Consumer Portfolio Services, Inc. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. and is responsible for all portfolio management and business operations. KVH Industries, Inc., is a global leader in mobile connectivity, content, and value-added services with innovative technology designed to enable a mobile world. KVH does not assume any obligation to update forward-looking statements to reflect new information and developments. See Stephen Henry Deckoff's compensation, career history, education, & memberships. 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. Stephen H. Deckoff, 57 - Mr. Deckoff is the Managing Principal of Black Diamond Capital Management, L.L.C. The largest investments include Consumer Portfolio Svcs Inc and Fs Kkr Cap Corp, together worth $87.5 million. KVH Industries, Inc. 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. and certain of its affiliates (collectively, Black Diamond). since December-1995. All rights reserved. $186 million and $186 million respectively. Stephen Deckoff cofounded Black Diamond Capital Management, which manages $9 billion in assets. Stephen Deckoff has an ownership stake in Black Diamond Capital Management, L.L.C. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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. and certain of its affiliates (collectively, "Black Diamond"). Photo by Black Diamond Capital Management. Goodwin Procter LLP served as legal counsel to KVH and Kleinberg, Kaplan, Wolff & Cohen, P.C. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Healthcare, in particular, requires this assessment this isnt an industry known for fast change. Analysis of the popular Formula One Nexflix series "Drive to Survive" Season Five on an episode-by-episode basis. Adams faces social and monetary consequences after making racist comments online. Address: One Sound Shore Drive, Suite 200, Greenwich, CT, 6830, United States. Mr. Deckoff is a citizen of the United States of America. Injuries to Jacob deGrom, Stephen Strasburg and Frankie Montas were revealed on the first day of spring training on Wednesday. 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. KVH develops, manufactures, and provides maritime communication hardware and services worldwide. Mr. Deckoff has a B.S. WebStephen Henry Deckoff is Mng Principal/Founder at Black Diamond Capital Mgmt LLC. 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 Announces Support Agreement with Black Diamond Capital Management. Mr. Deckoff will begin serving as a non-voting observer of the Companys Board of Directors (the Board).
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