Turtle Beach Highlights Ongoing Commitment to Shareholder Value Creation
Immersion’s proposal would have resulted in a 7% shareholder gaining control of 33% of the Board.
- Immersion’s proposal would have resulted in a 7% shareholder gaining control of 33% of the Board.
- Immersion’s proposal also required that Turtle Beach form a Board committee to review strategic alternatives despite the Company having recently completed an extensive strategic alternatives process.
- The Turtle Beach Board and management team are steadfast in our commitment to serving the best interests of all Turtle Beach shareholders, which is why we have been focused on constructively engaging with Immersion from the outset.
- Last year, Turtle Beach appointed five new, independent members and expanded the number of total directors on its Board.