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Sloane & Co. handles KVH Industries, the Rhode Island-based supplier of navigation & connectivity systems that won a heated proxy battle against Viex Capital.
KVH announced that its two independent nominees, Cielo Hernandez and Cathy-Ann Martine-Dolecki, were elected to the board by a “significant margin” at the June 17 annual meeting.
Their election “represents a recognition of the positive momentum in our business and the fact that our long-term strategy is working,” said a statement from the company.
Viex Capital, owner of 3.4 percent of KVH, put forward two board candidates, claiming that KVH’s stock price has historically underperformed its peer group.
KVH lost $4M on $42.3M Q1 revenues.
Its stock trades at $12.85 and has ranged from $7.38 to $15.29 during the past 52 weeks.
Sloane & Co.’s Dan Zacchei, Joe Germani and Miller Winston represent KVH.
SKDKnickerbocker, which is part of Stagwell Group, owns Sloane & Co.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
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ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
