Company: KVHI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040173
Chunk: 10

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 10
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 directors to a three-year term. In accordance with our director resignation policy, Mr. Bruun has submitted his resignation in advance of the annual meeting, and his resignation will only become effective if (a) he fails to receive a majority of the votes properly cast on his re-election and (b) our board accepts his resignation. For more information about majority voting and our director resignation policy, please see “Board of Directors and Committees of the Board – Corporate Governance – Majority Voting.”

| ​ | ​ | Our board of directors unanimously recommends that you voteFORthe election of Brent C. Bruun and Joseph Spytek as Class II directors. | ​ | ​ |

KVH Industries, Inc. 2025 Proxy Statement 8

TABLE OF CONTENTS

| ​ | ​ | PROPOSAL 2 – NON-BINDING SAY ON PAY VOTE​ | ​ | ​ |

Proposal 2 concerns an advisory vote on our executive compensation program. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, and Section 14A of the Securities Exchange Act of 1934, as amended, or the Exchange Act, our stockholders are entitled to vote to approve the compensation of our named executive officers at least once every three years. This proposal is commonly referred to as a “say on pay” proposal. At our 2023 annual meeting of stockholders, our stockholders voted in favor of holding future “say on pay” votes every year, as recommended by our board of directors. At the 2024 annual meeting, approximately 96% of the votes cast on the non-binding proposal to approve our executive compensation for 2023 were voted in favor of approval. As set forth in more detail in the executive compensation tables and the accompanying narrative disclosure elsewhere in this proxy statement, we have designed our executive compensation program to provide an appropriate mix of fixed and variable pay to balance executive retention and recruitment with rewards for achieving short-term operational goals and long-term stockholder value. Our 2024 executive compensation program provided for (a) fixed compensation in the form of salaries designed to provide a competitive baseline of compensation, (b) short-term variable compensation in the form of a cash-based incentive compensation program designed to reward achievement of our financial and business goals for 2024, (c) long-term variable compensation in the form of equity awards designed to reward our executives primarily through increases in the price of our common stock and (d) certain bonuses awarded to continuing employees in March 202