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KVH Industries Releases Investor Presentation in Advance of Annual Meeting Highlighting Business Momentum and Strategy to Deliver Long-Term Shareholder Value
KVH’s Independent and Highly Qualified Director Candidates Have Substantial Industry Experience and Bring Fresh Perspectives to the Board Explains Why VIEX’s
About this update from Kvh Industries, Inc.
[{"type":"text","content":"\nKVH’s Independent and Highly Qualified Director Candidates Have Substantial Industry Experience and Bring Fresh Perspectives to the Board\n\nExplains Why VIEX’s Nominees Would Not Be Appropriate Directors for KVH \n\nEncourages Shareholders to Vote on the BLUE Card\n\n MIDDLETOWN, R.I.--(BUSINESS WIRE)--\nKVH Industries, Inc., (Nasdaq: KVHI) (“KVH” or the “Company”), today released a presentation to shareholders explaining why shareholders should elect the Company’s two highly qualified candidates – Cielo Hernandez and Cathy-Ann Martine-Dolecki – to the Board of Directors (the “Board”) by voting on the BLUE proxy card ahead of KVH’s Annual Meeting of Shareholders to be held on June 17, 2021.\n\nThe presentation is available at: https://protectkvh.com/wp-content/uploads/2021/05/KVH-Industries-On-Course-For-Long-Term-Value_May-2021.pdf.\n\nIn the presentation, KVH highlights its business momentum, demonstrated by KVH’s outperformance of peers1 and strong first quarter financial results, including 16% revenue growth and a 48% increase in AgilePlans revenue.2\n\nKVH is confident that its long-term strategy to (1) focus on further accelerating its AgilePlans connectivity as a service (CaaS) subscription model, (2) commercialize inertial navigation products with its Photonic Integrated Chip (PIC) technology and (3) advance its KVH Watch Internet of Things (IoT) platform, will continue to drive growth, boost profitability and position the Company to generate improved returns for shareholders.\n\nIn the presentation, the Company also provides information and analysis that demonstrate why the individuals nominated by VIEX Capital Inc. (“VIEX”) are not right for the KVH Board. These candidates have troubling records, no relevant industry experience and have put forward no plan or ideas for KVH’s business that go beyond the generic. Most troublingly, three members of the VIEX group, Eric Singer, Peter Shaper and Potomac Capital, have been found by courts of law to have breached or aided and abetted the breach of fiduciary duties to public company shareholders.\n\nKVH ENCOURAGES SHAREHOLDERS TO VOTE ON THE BLUE PROXY CARD TODAY\n\n\n\nVote FOR a KVH Board that is overseeing a long-term strategy that is working\n\n\n\nDo NOT vote for VIEX and the Singer group – Discard the white proxy card\n\n\n\n\nFor additional information, please visit ...