KVH sells two RI properties for $13M; authorizes $10M share buyback

KVH INDUSTRIES INC DE

Sold 75 Enterprise Center to Knight Capital for $8.5M; 50 Enterprise Center to 50 Enterprise LLC for $4.5M.
KVH will remain tenant under triple-net lease on 75 property: 6-month initial term, extendable to 9 months; rent ~$25K/mo initial, rising to ~$44K/mo.
Board authorized up to $10M share repurchase program; purchases via open market, private transactions, or accelerated repurchase.
Each transaction subject to customary closing conditions, inspection periods, and zoning approvals pending.

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