3/7/2022

speaker
Christine
Conference Operator

and welcome to the KVH Industries Inc. Q4 2021 Year-End Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Roger Keeble. Please go ahead.

speaker
Roger Keeble
Chief Financial Officer & Head of Investor Relations

Thank you, Christine. Good morning, everyone, and thank you for joining us today for KVH Industries' fourth quarter results, which are included in the earnings release we published this morning. Before I introduce the others on the call, a couple of quick announcements. First, if you would like a copy of the earnings release, it is available on our website and from our investor relations team. If you would like to listen to a recording of today's call, it will be available on our website. If you're listening via the web, feel free to submit questions to ir at kvh.com. Finally, this conference call will contain certain forward-looking statements that are subject to numerous assumptions and uncertainties that may cause our actual results to differ materially from those expressed in these statements. We undertake no obligation to update or revise any of these statements. We will also discuss certain non-GAAP financial measures, and you'll find definitions of these measures in our press release, as well as reconciliations of these non-GAAP measures to comparable GAAP measures. We encourage you to review the cautionary statements made in our SEC filings, specifically those under the heading risk factors in our third quarter form 10Q filed on November 4th, 2021, and our 2021 Form 10-K, which we expect to file tomorrow. The company's other SEC filings are available directly from the investor information section of our website. Joining me on the call are the company's interim chief executive officer, Brent Bruin, chief technology officer, Bob Balog, and the newly appointed chairman of the board of directors, Kathy Martine, who is going to say a few words now. Kathy.

speaker
Kathy Martine
Chairman of the Board of Directors

Thank you, Roger. Good morning, everyone. As Roger said, I'm Kathy Martine. I would like to thank everyone who has dialed in this morning. Before we get to the results for the quarter, I wanted to share an update from the KVH Board of Directors. As you may have seen in our press release this morning, we announced a leadership transition. After more than 40 years at the company, most recently as our president, CEO, and chairman, Martin Kitts Van Henningen is retiring from his executive and board roles to make way for the next generation of leadership at KVH. We want to thank Martin for his service to the company and all that he has accomplished. The Board believes that KVH has a tremendous opportunity to create value. In order to capitalize on that opportunity, we believe that KVH needs to focus on its core businesses and drive towards profitability. In addition to Martin's retirement today, we announced an organizational restructuring that aims to achieve this. We believe these actions will result in increased shareholder value. The Board has also engaged a nationally recognized executive search firm to help identify a new CEO. Our current COO, Brent Bruin, will assume the role of Interim Chief Executive Officer. Brent has been with KVH for almost 14 years, and he has a deep understanding of our businesses and our customers. The Board has full confidence in Brent and looks forward to working more closely with him. And with that, I will turn it over to him to walk through the highlights from the quarter.

Disclaimer

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