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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.
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