KVH Industries, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>KVH Industries, Inc. invites stockholders to its 2024 annual meeting on June 12, 2024, to discuss business and board transitions.</b>

AI Summary

KVH INDUSTRIES INC \DE\ (KVHI) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. KVH Industries, Inc. will hold its 2024 annual meeting of stockholders on June 12, 2024, at 11:00 a.m. local time. The meeting will take place at the company's world headquarters located at 50 Enterprise Center, Middletown, Rhode Island 02842. KVH Industries is an innovative leader in mobile connectivity solutions, providing integrated products, airtime, and value-added services. The company utilizes a multi-orbit, multi-channel communications network for its hybrid connectivity solutions. Cathy-Ann Martine-Dolecki and Cielo Hernandez are stepping down from the board of directors.

Why It Matters

For investors and stakeholders tracking KVH INDUSTRIES INC \DE\, this filing contains several important signals. The annual meeting is a key event for shareholders to engage with management, vote on important matters, and understand the company's strategic direction. The departure of two board members signifies a transition period for KVH Industries, potentially leading to changes in board composition and governance.

Risk Assessment

Risk Level: — KVH INDUSTRIES INC \DE\ shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals being voted on and consider the company's performance and strategic direction.

Key Numbers

• June 12, 2024 — Annual Meeting Date (2024 annual meeting of stockholders)
• 11:00 a.m. — Annual Meeting Time (2024 annual meeting of stockholders)

Key Players & Entities

• KVH INDUSTRIES INC (company) — Registrant
• Cathy-Ann Martine-Dolecki (person) — Stepping down from the board of directors
• Cielo Hernandez (person) — Stepping down from the board of directors
• 50 Enterprise Center, Middletown, RI 02842 (location) — Company headquarters

FAQ

Industry Context

KVH Industries operates in the mobile connectivity solutions sector, providing services and terminals for maritime and land-based applications.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

1. Review the 2023 annual report for a comprehensive understanding of the company's performance.
2. Vote on the matters presented at the annual meeting, regardless of shareholding size.
3. Note the departure of board members Cathy-Ann Martine-Dolecki and Cielo Hernandez.

Key Dates

• 2024-06-12: Annual Meeting of Stockholders — Key date for shareholder voting and company updates.
• 2024-04-29: Filing Date — Date the proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) for the 2024 annual meeting, indicating it contains information for shareholders to vote on company matters.

Filing Documents

• tm242873-1_def14a.htm (DEF 14A) — 735KB
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Executive Compensation

Executive Compensation 15 Summary Compensation Table for 2023 15 Outstanding Equity Awards at December 31, 2023 16 Pay for Performance Table 17 Pay for Performance Charts 19 Executive Agreements 20 Director Compensation 22 Director Compensation Table for 2023 23 Outstanding Director Equity Awards at December 31, 2023 24 Equity Compensation Plans 25

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 26 Board of Directors and Committees of the Board 28 Director Independence 28 Board Meetings 28 Board Leadership Structure 28 Risk Management 28 Board Committees 28 Director Candidates and Selection Processes 30 Board Evaluation Process 30 Corporate Governance 31 Communications with our Board of Directors 31 Code of Ethics 31 Prohibition on Hedging and Pledging our Stock 31 Certain Relationships and Related-Party Transactions 32 TABLE OF CONTENTS Audit Committee Report 34 Principal Accountant Fees and Services 35 Fees for Professional Services 35 Pre-Approval Policies and Procedures 35 Delinquent Section 16(a) Reports 35 Stockholder Proposals 36 Additional Information 36 TABLE OF CONTENTS This proxy statement (including all appendices attached hereto, this "proxy statement") is furnished in connection with the solicitation of proxies by the board of directors of KVH Industries, Inc., a Delaware corporation, for use at the 2024 annual meeting of stockholders of the company (including any adjournments, postponements, or continuations thereof, the "annual meeting"). Unless the context otherwise requires, references in this proxy statement to "KVH," the "company," "we," "us," "our," and similar terms refer to KVH Industries, Inc. PROXY STATEMENT SUMMARY The proxy summary is an overview of information that you will find elsewhere in this proxy statement and our 2023 annual report. As this section is only a summary and does not contain all of the information that you might wish to consider, we encourage you to read the entire proxy statement and 2023 annual report for more information about these topics before you vote. ANNUAL MEETING OF STOCKHOLDERS Date and Time: Wednesday, June 12, 2024, at 11:00 a.m., Eastern Time Venue: KVH Industries, Inc. 50 Enterprise Center Middletown, Rhode Island 02842 Record

View Full Filing

View this DEF 14A filing on SEC EDGAR