UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 18, 2008
KVH Industries, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 0-28082 | |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) |
05-0420589
(IRS Employer Identification No.)
| 50 Enterprise Center Middletown, RI |
02842 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (401) 847-3327
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 7.01. | REGULATION FD DISCLOSURE |
KVH Industries, Inc. announced on February 22, 2008 that is has been awarded a $20.1 million contract from a leading in-flight entertainment supplier. Under the terms of the multi-year contract, KVH Industries, Inc. will design, develop, and manufacture new DIRECTV-compatible satellite TV antennas to be used on narrowbody commercial aircraft operating in the United States. The press release is attached hereto as exhibit 99.1 and incorporated by reference herein.
The information in this form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
| ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 |
February 22, 2008 press release entitled “KVH Receives $20 Million Contract for Commercial Aircraft Antennas” (furnished pursuant to Item 7.01). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KVH INDUSTRIES, INC. | ||||
| Date: February 22, 2008 | BY: | /s/ PATRICK J. SPRATT | ||
| Patrick J. Spratt Chief Financial Officer | ||||
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | February 22, 2008 press release entitled “KVH Receives $20 Million Contract for Commercial Aircraft Antennas” |
Exhibit 99.1
FOR IMMEDIATE RELEASE
| Contact: | Chris Watson KVH Industries 401-845-8138 cwatson@kvh.com |
KVH Receives $20 Million Contract for Commercial Aircraft Antennas
Leading Mobile Satellite TV Manufacturer KVH to Design and Build Next-generation Satellite TV Systems for Domestic Commercial Airliners
MIDDLETOWN, RI – February 22, 2008 – KVH Industries, Inc., (Nasdaq: KVHI), a leading provider of in-motion satellite TV and communication systems for mobile platforms, announced today that it is entering the commercial aviation market following the award of a $20.1 million contract from a leading in-flight entertainment supplier. Under the terms of the multi-year contract, KVH will design, develop, and manufacture new DIRECTV-compatible satellite TV antennas to be used on narrowbody commercial aircraft operating in the United States.
“This new endeavor marks a significant and logical step in KVH’s evolution as a leading source for innovative mobile broadband technology on land, sea, and now in the air,” said Martin Kits van Heyningen, KVH’s chief executive officer. “As KVH has demonstrated in boats and vehicles around the globe over the last 15 years, live satellite television content like sporting events and breaking news is a compelling product for consumers.”
KVH will be building upon its award-winning TracVision mobile satellite TV technology, currently used on vessels, cars, recreational vehicles, and trucks. With this technology as a foundation, KVH will develop a new, low-profile antenna designed to mount on the fuselage of commercial aircraft.
“In the aviation market, passenger demand for premier in-flight entertainment and the recognition by airlines that live programming offers competitive and financial benefits is driving significant growth. We look forward to working with our customer to meet that demand and foster the expansion of this market in the future,” concluded Mr. Kits van Heyningen.
About KVH Industries, Inc.
Middletown, RI-based KVH Industries, Inc. (www.kvh.com), is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. Winner of the prestigious General Motors Innovative Design Award, 2 CES Innovation Awards, 23 National Marine Electronics Association “Best Product” awards, the DAME Award in the Marine Electronics category, and a finalist for the Automotive News PACE Award, KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the functionality, characteristics, quality and performance of KVH’s products and technology; anticipated innovation and product development; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, those discussed in KVH’s most recent Form 10-Q filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH and TracVision are registered trademarks of KVH Industries, Inc. All other trademarks are the property of their respective companies.
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