Nominates Two New Independent Director
Candidates
Files Preliminary Proxy Statement
Urges Stockholders to Vote for KVH’s Slate of
Director Nominees at 2021 Annual Meeting
KVH Industries, Inc., (Nasdaq: KVHI), a leading provider of
mobile connectivity and inertial navigation solutions, announced
today that it has nominated two new highly qualified independent
director candidates, Cielo Hernandez and Cathy-Ann Martine-Dolecki,
for election to the KVH Board of Directors (the “Board”) at the
Company’s upcoming 2021 Annual Meeting of Stockholders (the “Annual
Meeting”).
On behalf of the Board, Martin Kits van Heyningen, KVH’s
chairman and chief executive officer, stated:
“We are confident that Ms. Hernandez and Ms.
Martine will be fantastic additions to the KVH Board. They are both
high integrity executives with demonstrated records of business
achievement in relevant industries.
Notably, Ms. Hernandez is a public company
CFO with experience in the commercial maritime and satellite
communications industries. Her experience in technology from her
time at DirectTV will be invaluable to KVH as the leader in marine
satellite television for more than 25 years.
Ms. Martine has extensive global leadership
experience in the telecommunications industry, including as the
leader of a $25 billion business for AT&T. Her experience will
help guide KVH as we move towards blended 5G hybrid satellite
solutions.
The Board and I are looking forward to their
contributions.”
Two of KVH’s current directors, Mark S. Ain and Stanley K.
Honey, are expected to conclude their service on the Board at the
Annual Meeting.
“Mr. Ain and Mr. Honey have provided many years of valuable
service and we are grateful for their innumerable insights and
contributions,” added Mr. Kits van Heyningen.
These nominations represent a continuation of the Board’s
refreshment efforts over recent years. With the addition of these
two new directors at the Annual Meeting, four of the Company’s six
independent directors will have joined the Board recently (in 2020
and 2021), including Robert Tavares, who joined at the
recommendation of one of our largest shareholders, Vintage Capital
Management, LLC. Further, four directors will have rotated off the
Board within the past four years.
KVH today filed its preliminary proxy statement for the Annual
Meeting. The Board encourages KVH stockholders to read all of the
Company’s Annual Meeting materials when they are available and to
vote in favor of the Board’s candidates on the BLUE proxy card.
Cielo Hernandez Biography
Since April 19, 2021, Cielo Hernandez has served as Chief
Financial Officer of XL Fleet Corp. (NYSE: XL), a leading provider
of fleet electrification solutions for commercial vehicles in North
America. Previously, Ms. Hernandez served as Senior Vice President
and Chief Financial Officer of South Jersey Industries, Inc., a
publicly traded energy services company. Prior to that, she served
as Vice President and Regional Chief Financial Officer of Maersk
Line, North America, a division of A.P. Moller-Maersk Group, a
global container logistics company. She also served as Vice
President and Regional Chief Financial Officer, Latin America of
APM Terminals, a division of A.P. Moller-Maersk that operates a
global network of ports. Previously, Ms. Hernandez held various
positions in finance and administration at Amcor plc, a global
packaging solutions company, including most recently Regional Chief
Financial Officer, Central America and Caribbean. Ms. Hernandez
received a Bachelor of Business Administration in Accounting from
the Universidad Santiago de Cali (Colombia) and a Master of
Business Administration with specialization in International
Business from the University of Miami. She is a CPA and holds a
Certification in Human Resources Talent Management from Universidad
Santiago de Cali, Colombia as well as Certifications in Executive
Leadership and High-Performance Leadership from Cornell University,
and Strategic Leadership and Improving the Business from IMD
University Switzerland. Ms. Hernandez is also a board member at
Rowan University Foundation.
Cathy-Ann Martine-Dolecki Biography
Cathy-Ann Martine-Dolecki recently joined Tristar Acquisition I
Corp., a special purpose acquisition company, as Chief Operating
Officer. In 2017, Ms. Martine retired after a 37-year career with
AT&T, where she most recently served as President of National
Business Services. Previously, she served as President, Enterprise
Business Solutions of AT&T Mobile & Business Solutions, as
Executive Vice President, Small Business Solutions and Alternate
Channels at AT&T, and in a variety of other leadership roles
before that. From November 2020 to December 2020, Ms. Martine was a
board member at TESSCO Technologies Incorporated, a publicly traded
technology distributor and manufacturer serving the wireless
infrastructure and mobile device accessories markets. She has also
served as a board member at Legal Shield, a provider of consumer
legal services. She currently serves on the Americas Executive
Board of the Massachusetts Institute of Technology Sloan School of
Management. Ms. Martine received a Master of Science in Management
from the Massachusetts Institute of Technology, a Master of
Business Administration from New York University and a Bachelor of
Arts in Economics from the College of Mount Saint Vincent.
About KVH Industries, Inc.
KVH Industries, Inc., (Nasdaq: KVHI), is a global leader in
mobile connectivity and inertial navigation systems, innovating to
enable a mobile world. The market leader in maritime VSAT, KVH
designs, manufactures, and provides connectivity and content
services globally. KVH is also a premier manufacturer of
high-performance sensors and integrated inertial systems for
defense and commercial applications. Founded in 1982, the Company
is based in Middletown, RI, with research, development, and
manufacturing operations in Middletown, RI, and Tinley Park, IL,
and more than a dozen offices around the globe.
KVH is a registered trademark of KVH Industries, Inc.
Additional Information and Where to Find It
The Company has filed a preliminary proxy statement and a form
of associated BLUE proxy card with the U.S. Securities and Exchange
Commission (the “SEC”) in connection with the solicitation of
proxies for the Company’s 2021 Annual Meeting of Stockholders, and
prior to the 2021 Annual Meeting of Stockholders, the Company
intends to file a definitive proxy statement and form of BLUE proxy
card with the SEC. THE COMPANY’S STOCKHOLDERS ARE STRONGLY
ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING
BLUE PROXY CARD AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. The Company’s stockholders will be able to
obtain any proxy statement, any amendments or supplements to the
proxy statement and other documents filed by the Company with the
SEC free of charge at the SEC’s website at www.sec.gov. Copies will
also be available free of charge at the Company’s website at
www.kvh.com.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers
are participants in the solicitation of proxies from the Company’s
stockholders in connection with the matters to be considered at the
Company’s 2021 Annual Meeting of Stockholders. Information about
the Company’s directors and executive officers is available in the
Company’s proxy statement filed with the SEC on April 29, 2020 with
respect to the Company’s 2020 Annual Meeting of Stockholders and,
with respect to directors and executive officers appointed
following such date, in certain of the Company’s other SEC filings
made subsequent to the date of such proxy statement. To the extent
holdings of the Company’s securities by such directors or executive
officers have changed since the amounts printed in the proxy
statement, such changes have been or will be reflected on Initial
Statements of Beneficial Ownership on Form 3 or Statements of
Changes in Beneficial Ownership on Form 4 filed with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20210503005370/en/
Media:
Sloane & Company Dan Zacchei / Joe Germani
dzacchei@sloanepr.com / jgermani@sloanepr.com
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