KVH Industries CEO Martin Kits van Heyningen retires after 40 years; COO Brent Bruun named interim CEO

KVH INDUSTRIES INC DE

Martin Kits van Heyningen, co-founder and President/CEO since 1982/1990, retires; becomes Senior Advisor to Board.
COO Brent Bruun (56) appointed interim President and CEO; board initiated search for permanent CEO.
Independent director Cathy-Ann Martine-Dolecki named new Chairman of the Board.
Separation agreement: Kits van Heyningen receives $44,877/month salary plus $201,613 separation payment; stock options continue vesting with 25% acceleration if service through March 2023.
Mr. Bruun's compensation unchanged for interim role; he previously served as interim CFO in 2020-2021.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Martin Kits van Heyningen

President and Chief Executive Officer

KVHI · KVH INDUSTRIES INC DE

Effective: 2022-03-06
Successor: Brent C. Bruun
Filed: March 8, 2022, 6:59 PM ET

announced that its longstanding President and Chief Executive Officer, Martin Kits van Heyningen, is retiring from his executive and Board roles after more than 40 years at the Company.

Role change (interim)

Brent C. Bruun

interim President and Chief Executive Officer

KVHI · KVH INDUSTRIES INC DE

Effective: 2022-03-06
Filed: March 8, 2022, 6:59 PM ET

Also on March 6, 2022, the Board of Directors of the Company named Brent C. Bruun, currently the Company’s Chief Operating Officer, as interim President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Martin Kits van Heyningen resigned as President and Chief Executive Officer at KVH INDUSTRIES INC DE.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

announced that its longstanding President and Chief Executive Officer, Martin Kits van Heyningen, is retiring from his executive and Board roles after more than 40 years at the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent C. Bruun was appointed as interim President and Chief Executive Officer at KVH INDUSTRIES INC DE.

Action: appointed
Role: interim President and Chief Executive Officer

Exact text from the filing

Also on March 6, 2022, the Board of Directors of the Company named Brent C. Bruun, currently the Company’s Chief Operating Officer, as interim President and Chief Executive Officer.

View on SEC.gov

KVH INDUSTRIES INC DE filing history →

Source: SEC EDGAR

accession 0001007587-22-000002

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