VIEX Capital Issues Letter to Stockholders of KVH Industries, Inc.
VIEX Capital Advisors, LLC and the other participants in its solicitation (collectively, the VIEX-led investor group or we) today issued the below open letter to stockholders of KVH Industries, Inc. (NASDAQ: KVHI) (KVH or the Company) regarding the Companys Annual Meeting of Stockholders (the Annual Meeting).
- VIEX Capital Advisors, LLC and the other participants in its solicitation (collectively, the VIEX-led investor group or we) today issued the below open letter to stockholders of KVH Industries, Inc. (NASDAQ: KVHI) (KVH or the Company) regarding the Companys Annual Meeting of Stockholders (the Annual Meeting).
- We feel this is the most direct path to disrupting the money-losing status quo and igniting a sustainable turnaround that benefits all of KVHs stockholders and stakeholders.
- Kits van Heyningen, we fear the Company will continue to burn through capital and remain his unprofitable fiefdom.
- Kits van Heyningen and his hand-picked Board members continue to preside over KVH without the addition of truly independent directors.