KVH has a focused, long-term strategy that is working. We have emerged from the challenges of the COVID-19 pandemic – with significant momentum – as of May 14, 2021, our stock price is up 73% over the past year and 28% year-to-date, far exceeding the returns of key indices including the S&P 500, Russell 2000, Russell 3000 and the Nasdaq. We recently reported a 16% revenue increase for the first quarter over the first quarter of last year and our connectivity-as-a-service business, AgilePlans, generated a 48% revenue increase.

As we look to the future, we are confident that our plan to be the leader in cutting-edge maritime communications and navigation technology is working – and that this will translate into sustainable long-term value for our shareholders.

However, an activist investor called VIEX Capital (“VIEX”) that first bought our stock in November 2020 and has a history of destroying shareholder value while aggressively pushing companies to pursue short-sighted changes, has nominated two individuals for election to the Board.

In our interactions with them, these candidates, who VIEX is seeking to elect in place of Ms. Hernandez and Ms. Martine-Dolecki, have demonstrated de minimis knowledge of KVH’s businesses and no relevant experience in our industries.

One of those candidates, VIEX’s founder and managing member Eric Singer, has a troubling record. He has served on the boards of twelve public companies in the last ten years, and every one of those twelve companies has underperformed the S&P 500 and the Russell 3000 during his tenure. Worse, Mr. Singer has the rare distinction of having been found by a Delaware court to have breached his duty of loyalty to public company shareholders.

The bottom line is that VIEX’s candidates simply do not measure up to the Company’s nominees and are the wrong choice for KVH’s Board.

The Board strongly encourages you to vote for our two exceptional and high-integrity nominees, Ms. Hernandez and Ms. Martine-Dolecki, on the BLUE proxy card to help preserve our momentum.

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If you have any questions, require assistance in voting your BLUE proxy card / BLUE voting instruction form, or need additional copies of the proxy materials, please call:

Investor Contact
D.F. King & Co., Inc.
Edward McCarthy
(212) 269-5550

KVH@dfking.com

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