KVH INDUSTRIES INC DE shareholders approved Ratification of Grant Thornton LLP as independent registered public accounting firm at the 2026-06-10 meeting.
“Proposal #3 - To ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm. Number of Votes Cast For Number of Votes Cast Against Number of Abstentions 16,991,919 239,754 10,068”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved Advisory (non-binding) approval of named executive officer compensation at the 2026-06-10 meeting.
“Proposal #2 - To approve, on an advisory (non-binding) basis, the compensation of our named executive officers in 2025. Number of Votes Cast For Number of Votes Cast Against Number of Abstentions Number of Broker Non-Votes 11,616,563 2,236,796 84,449 3,303,933”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved Election of Class III directors at the 2026-06-10 meeting.
“Proposal #1 - To elect two Class III directors to a three-year term. Name of Director Nominee Number of Votes Cast For Number of Votes Cast Against Number of Abstentions Number of Broker Non-Votes David M. Tolley 9,904,925 4,030,794 2,089 3,303,933 Stephen H. Deckoff 7,601,581 6,334,009 2,218 3,303,933”
Earnings Releases
KVH INDUSTRIES INC DE reported the quarter ended March 31, 2026 results: revenue $32.3 million, net income $0.6 million, EPS $0.03 per share.
“company’s website. First Quarter 2026 Highlights • Total revenues in the first quarter of 2026 increased sequentially from the fourth quarter of 2025 by $1.8 million, or 6%, to $32.3 million. Total revenues increased by 27% in the first quarter of 2026 from $25.4 million in the first quarter of 2025, due to a $6.5 million increase in service sales and a $0.4 million”
Earnings Releases
KVH INDUSTRIES INC DE reported financial results for the quarter and year ended December 31, 2025.
“On March 10, 2026, we issued a press release announcing our financial results for the quarter and year ended December 31, 2025 and forward-looking statements.”
Earnings Releases
KVH INDUSTRIES INC DE reported first quarter ended March 31, 2024 results: revenue $29.3 million, net income $3.2 million, EPS $0.16 per share. Guidance lowered.
“call, a replay of the webcast will be available through the company’s website. First Quarter 2024 Highlights • Total revenues decreased by 14% in the first quarter of 2024 to $29.3 million from $34.1 million in the first quarter of 2023. • Airtime revenue decreased $3.5 million, to $23.6 million, or 13%, in the first quarter of 2024 compared to the first quarter of”
Earnings Releases
KVH INDUSTRIES INC DE updated its the quarter and full year ended December 31, 2023 guidance (reaffirmed).
“On March 15, 2024, we issued a press release announcing our financial results for the quarter and year ended December 31, 2023 and forward-looking statements.”
Restructurings & Charges
KVH INDUSTRIES INC DE announced a impairment with charges of approximately $1.9 million.
“the Company expects to record a charge of approximately $1.9 million related to the write-off of capitalized costs and remaining contract costs related to the discontinuation of a project for implementing a new manufacturing-centric accounting system.”
Restructurings & Charges
KVH INDUSTRIES INC DE announced a impairment with charges of between $4 million and $6 million.
“The Company currently estimates that the increase will range between $4 million and $6 million.”
Restructurings & Charges
KVH INDUSTRIES INC DE announced a restructuring with charges of approximately $3.3 million affecting manufacturing activities at its facility in Middletown, Rhode Island (approximately 75 employees, or approximately 20% of its total workforce).
“and the remaining terminations are expected to be completed by the end of the second quarter of 2024. The Company expects to incur aggregate severance charges of approximately $3.3 million, consisting of approximately $3.0 million of cash charges and approximately $0.3 million of non-cash charges arising from pre-existing contractual obligations to accelerate”
Robert Balog was terminated as Chief Operating Officer at KVH INDUSTRIES INC DE.
“the Board of Directors terminated the employment of Robert Balog, the Company’s Chief Operating Officer.”
Roger A. Kuebel departed as Chief Financial Officer at KVH INDUSTRIES INC DE.
“Mr. Pike will succeed Roger A. Kuebel, whose last day in that position is anticipated to be March 31, 2024.”
Anthony Pike was appointed as Chief Financial Officer at KVH INDUSTRIES INC DE.
“On February 9, 2024, as part of the restructuring, the Board of Directors of the Company voted to appoint Anthony Pike to serve as the Company’s chief financial officer, effective April 1, 2024.”
Earnings Releases
KVH INDUSTRIES INC DE reported the quarter ended September 30, 2023 results: revenue $33.5 million, net income net loss from continuing operations in the third quarter of 2023 was $4.2 million, or $0.22 per share, EPS $0.22 per share.
“of the webcast will be available through the company’s website. Third Quarter 2023 Highlights • Total revenues from continuing operations in the third quarter of 2023 were $33.5 million, down 5% from $35.2 million in the third quarter of 2022. • VSAT airtime revenue increased $0.7 million, to $27.4 million, or 3%, in the third quarter of 2023 compared to the”
Earnings Releases
KVH INDUSTRIES INC DE reported the quarter ended June 30, 2023 results: revenue $34.2 million, net income $0.9 million, EPS $0.05 per share. Guidance lowered.
“of the webcast will be available through the company’s website. Second Quarter 2023 Highlights • Total revenues from continuing operations in the second quarter of 2023 were $34.2 million, down 1% from $34.6 million in the second quarter of 2022. • Our VSAT airtime revenue increased $1.1 million, to $26.9 million, or 4%, in the second quarter of 2023 compared to”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved To ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-07 meeting.
“Proposal #4 - To ratify the appointment of Grant Thornton LLP as our independent registered public accounting firm. Number of Votes Cast For Number of Votes Cast Against Number of Abstentions 16,322,688 260,216 163,752”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved To determine, in a non-binding "say on frequency" vote, the frequency of the vote on our executive compensation program (once every year, once every two years or once every three years) at the 2023-06-07 meeting.
“Proposal #3 - To determine, in a non-binding "say on frequency" vote, the frequency of the vote on our executive compensation program (once every year, once every two years or once every three years). 1 Year 2 Years 3 Years Number of Abstentions Number of Broker Non-Votes 12,232,952 15,250 1,237,431 71,767 3,189,256”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved To approve, on an advisory (non-binding) basis, the compensation of our named executive officers at the 2023-06-07 meeting.
“Proposal #2 - To approve, on an advisory (non-binding) basis, the compensation of our named executive officers. Number of Votes Cast For Number of Votes Cast Against Number of Abstentions Number of Broker Non-Votes 9,992,886 3,479,145 85,369 3,189,256”
Shareholder Votes
KVH INDUSTRIES INC DE shareholders approved To elect two Class III directors to a three-year term at the 2023-06-07 meeting.
“Proposal #1 - To elect two Class III directors to a three-year term. Name of Director Nominee Number of Votes Cast For Number of Votes Cast Against Number of Abstentions Number of Broker Non-Votes David M. Tolley 11,389,445 2,081,536 86,419 3,189,256 Stephen H. Deckoff 12,941,235 531,627 84,538 3,189,256”
Earnings Releases
KVH INDUSTRIES INC DE reported first quarter ended March 31, 2023 results: revenue $33.7 million, net income $12 thousand, EPS less than one cent per share.
“First Quarter 2023 Highlights • Total revenues from continuing operations in the first quarter of 2023 were $33.7 million, up 2% from $33.2 million in the first quarter of 2022. • Our VSAT airtime revenue increased $3.0 million, to $27.0 million, or 13%, in the first quarter of 2023 compared to the first quarter of 2022, partially due to a 13% increase in total subscribers. • Net loss from continuing operations in the first quarter of 2023 was $12 thousand, or less than one cent per share, compared to net loss from continuing operations of $4.3 million, or $0.23 per share, in the first quarter of 2022.”
Earnings Releases
KVH INDUSTRIES INC DE reported the quarter and full year ended December 31, 2022 results: revenue $138.9 million, net income Net income (loss) from continuing operations of $(3.9) million, EPS $(0.21) per share. Guidance initiated.
“decrease in marketing expense. The decrease in salaries and employee benefits was primarily driven by our March 2022 restructuring. Full Year Financial Summary Revenue was $138.9 million for the year ended December 31, 2022, an increase of 4% compared to $133.9 million for the year ended December 31, 2021. Product revenues for the year ended December 31, 2022,”
Material Agreements
KVH INDUSTRIES INC DE entered into Cooperation Agreement with Black Diamond Capital Management, L.L.C. and Stephen H. Deckoff (effective 2023-02-03).
“KVH Industries, Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Black Diamond Capital Management, L.L.C., which beneficially owns approximately 17.2% of the Company’s outstanding common stock and Stephen H. Deckoff (collectively with each of their respective affiliates and associates that beneficially owns, directly or indirectly, any securities of the Company, “Black Diamond”), dated as of February 3, 2023.”
Roger A. Kuebel changed role as Chief Financial Officer at KVH INDUSTRIES INC DE.
“upon her departure, Roger A. Kuebel, Chief Financial Officer of KVH, will assume the role of principal accounting officer of KVH.”
Jennifer L. Baker departed as Vice President and Chief Accounting Officer at KVH INDUSTRIES INC DE.
“On December 14, 2022, Jennifer L. Baker, Vice President and Chief Accounting Officer of KVH Industries, Inc. (“ KVH ”), announced to KVH that she is resigning from KVH.”
Earnings Releases
KVH INDUSTRIES INC DE reported third quarter ended September 30, 2022 results: revenue $35.2 million, net income $29.6 million, EPS $1.58.
“Third Quarter 2022 Highlights • We disposed of our inertial navigation business in the third quarter of 2022, which generated a gain of $30.9 million before tax. Reflecting this gain and the results of these discontinued operations, net income for the third quarter of 2022 amounted to $29.6 million, and diluted EPS was $1.58. • Total revenues from continuing operations in the third quarter of 2022 were $35.2 million, up 2% from $34.4 million in the third quarter of 2021.”
Listing & Compliance Notices
KVH INDUSTRIES INC DE received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“November 15, 2022, KVH received a notice (the “ Notice ”) from The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, as a result of not having timely filed the Form 10-Q with the SEC, KVH is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Listing Rule ”), which requires timely filing of all required periodic financial reports with the SEC. The Notice indicated that, under Nasdaq Listing Rules, KVH has 60 calendar days to submit a plan to regain compliance with the Listing Rule. If Nasdaq accepts KVH’s plan, Nasdaq can grant an exception of up to 180 calendar days from the fili”
David B. Kagan was appointed as Director at KVH INDUSTRIES INC DE.
“Mr. Kagan's appointment was effective on June 21, 2022.”
David M. Tolley was appointed as Director at KVH INDUSTRIES INC DE.
“the Board of Directors of the Company appointed David M. Tolley as a Class III member of the Board of Directors”
Brent C. Bruun was appointed as President and Chief Executive Officer at KVH INDUSTRIES INC DE.
“On June 15, 2022, the Board of Directors of KVH Industries, Inc. (the “Company”) appointed Brent C. Bruun as the President and Chief Executive Officer of the Company and as a Class II member of the Board of Directors.”
Danelle M. Barrett resigned as Member of the Board of Directors at KVH INDUSTRIES INC DE.
“On May 4, 2022, Danelle M. Barrett, notified the Chairman of the Board of Directors (the “Board”) of KVH Industries, Inc. (the “Company”) of her decision to resign from her position as a member of the Company's Board for personal reasons, effective May 20, 2022.”
Brent C. Bruun was appointed as interim President and Chief Executive Officer at KVH INDUSTRIES INC DE.
“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.”
Martin Kits van Heyningen resigned as President and Chief Executive Officer at KVH INDUSTRIES INC DE.
“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.”
Robert E. Tavares resigned as Director at KVH INDUSTRIES INC DE.
“On January 31, 2022, Robert E. Tavares, notified the Chairman of the Board of Directors (the “Board”) of KVH Industries, Inc. (the “Company”) of his decision to resign from his position as a member of the Company's Board for personal reasons, effective February 7, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.