UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 2)
KVH Industries, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
482738101
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(CUSIP Number)
March 31, 2009
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Name of Reporting Person.
1. I.R.S. Identification Nos. of above persons (entities only).
Roumell Asset Management, LLC ("RAM")
52-2145132
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Check the Appropriate Box if a Member of a Group (a) |_|
2. (b) |_|
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SEC Use Only
3.
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Citizenship or Place of Organization
4.
Maryland
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Sole Voting Power
Number of 5.
0
Shares
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Beneficially Shared Voting Power
Owned by 6.
1,437,128
Each ------------------------------------------
Sole Dispositive Power
Reporting
7.
Person 1,437,128
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With: Shared Dispositive Power
8.
0
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Aggregate Amount Beneficially Owned by Each Reporting Person
9.
1,437,128
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
10.
|_| Not Applicable
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Percent of Class Represented by Amount in Row (9)
11.
Approximately 10.28% (based on the 13,981,363 shares of common
stock outstanding as of March 11, 2009, as reported on the
Issuer's Form 10-K for the year ended December 31, 2008).
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Type of Reporting Person
12.
IA
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Name of Reporting Person.
1. I.R.S. Identification Nos. of above persons (entities only).
James C. Roumell ("Roumell")
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Check the Appropriate Box if a Member of a Group (c) |_|
2. (d) |_|
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SEC Use Only
3.
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Citizenship or Place of Organization
4.
U.S.A.
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Sole Voting Power
Number of 5.
9,720
Shares
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Beneficially Shared Voting Power
Owned by 6.
1,437,128*
Each ------------------------------------------
Sole Dispositive Power
Reporting
7.
Person 1,446,848*
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With: Shared Dispositive Power
8.
0
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Aggregate Amount Beneficially Owned by Each Reporting Person
9.
1,446,848*
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
10.
|_| Not Applicable
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Percent of Class Represented by Amount in Row (9)
11.
Approximately 10.35% (based on the 13,981,363 shares of common
stock outstanding as of March 11, 2009, as reported on the
Issuer's Form 10-K for the year ended December 31, 2008).
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Type of Reporting Person
12.
IN
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* Roumell is the President of RAM and holds a controlling percentage of
its outstanding voting securities and, as a result of his position with
and ownership of securities of RAM, Roumell could be deemed the
beneficial owner of the shares held by RAM.
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Item 1(a). Name of Issuer:
KVH Industries, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
50 Enterprise Center, Middletown, RI 02842
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Item 2(a). Name of Persons Filing:
1. Roumell Asset Management, LLC
2. James C. Roumell
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Item 2(b). Address of Principal Business Office or, if none, Residence:
2 Wisconsin Circle, Suite 660, Chevy Chase, MD 20815
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Item 2(c). Citizenship:
1. RAM - Maryland
2. Roumell - U.S.A.
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Item 2(d). Title of Class of Securities:
Common Stock, par value $0.01 per share
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Item 2(e). CUSIP Number:
482738101
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Item 3. If this statement is filed pursuant to Rule 13(d)-1(b), or 13(d)-2(b),
or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the Investment
Company Act of 1940.
(e) |x| * An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g) |x| * A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act.
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
* RAM is an investment adviser registered under Section 203 of the
Investment Advisers Act of 1940. Roumell is the President of RAM and
holds a controlling percentage of its outstanding voting securities.
Roumell is joining in this filing on Schedule 13G/A pursuant to Rule
13d-1(k)(1).
Item 4. Ownership.
(a) Amount beneficially owned:
See Items 5-11 on the cover sheets of this Schedule 13G/A.
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(b) Percent of class:
RAM - Approximately 10.28%
Roumell - Approximately 10.35%
(Each based on the 13,981,363 shares of common stock
outstanding as of March 11, 2009, as reported on the
Issuer's Form 10-K for the year ended December 31, 2008.)
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(c) Number of shares as to which each person has:
(i) Sole power to vote or to direct the vote 9,720 (by Roumell)
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(ii) Shared power to vote or to direct the vote 1,437,128 (through RAM)
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(iii) Sole power to dispose or to direct the disposition of
1,446,848 (see Item 6 below)
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(iv) Shared power to dispose or to direct the disposition of 0
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Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
RAM has been granted discretionary dispositive power over
its clients' securities and in some instances has voting
power over such securities. Any and all discretionary
authority which has been delegated to RAM may be revoked
in whole or in part at any time.
Roumell is President of RAM and beneficially owns a
controlling percentage of its outstanding voting
securities. Roumell is joining in this Schedule 13G/A
because, as a result of his position with and ownership of
securities of RAM, Roumell could be deemed to have voting
and/or investment power with respect to the shares
beneficially owned by RAM. Roumell disclaims any deemed
beneficial ownership in securities held by RAM, except to
the extent of his pecuniary interest therein.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution Group.
Not applicable.
Item. 10. Certification.
By signing below, the undersigned (i) certify that, to the
best of their knowledge and belief, the securities
reported herein were acquired in the ordinary course of
business and were not acquired and are not held for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities
and were not acquired and are not held in connection with
or as a participant in any transaction having such
purposes or effect and (ii) hereby declare and affirm that
the filing of this Schedule 13G/A shall not be construed
as an admission that either of the reporting persons is
the beneficial owner of the securities reported herein,
which beneficial ownership is hereby expressly disclaimed,
except to the extent of their respective pecuniary interest
therein.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
April 2, 2009
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(Date)
/s/ James C. Roumell
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(Signature)
Roumell Asset Management, LLC
By: James C. Roumell, President
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(Name/Title)
April 2, 2009
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(Date)
/s/ James C. Roumell
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(Signature)
James C. Roumell
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(Name)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing on behalf of
each of them this Schedule 13G (including further amendments thereto) with
respect to the common stock, par value $0.01 per share, of KVH Industries, Inc.,
and that this Joint Filing Agreement be included as an exhibit to such joint
filing.
This Joint Filing Agreement may be executed in one or more
counterparts, and each such counterpart shall be an original but all of which,
taken together, shall constitute but one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Joint filing
Agreement as of this 11th day of February 2008.
By: /s/ James C. Roumell
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James C. Roumell
ROUMELL ASSET MANAGEMENT, LLC
By: /s/ James C. Roumell
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James C. Roumell, President