secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001007587-24-000016
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000016/0001007587-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000016/kvhi-20241205.htm
  HTML page:      https://secwatch.observer/filing/0001007587-24-000016

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