Brief: Turtle Beach Announces Agreement With The Donerail Group To Refresh Board Of Directors

Turtle Beach

16/05/2022 13:29

May 16 (Reuters) - Turtle Beach Corp  HEAR.O :
    * TURTLE BEACH ANNOUNCES AGREEMENT WITH THE DONERAIL GROUP
TO
REFRESH ITS BOARD OF DIRECTORS AND PROVIDES ADDITIONAL DETAIL
REGARDING ONGOING, ROBUST ALTERNATIVES PROCESS
    * TURTLE BEACH CORP - AGREEMENT PROVIDES FOR IMMEDIATE
APPOINTMENT
OF THREE DIRECTORS FROM DONERAIL'S SLATE
    * TURTLE BEACH CORP - ONE CURRENT TURTLE BEACH DIRECTOR WILL
RETIRE FROM BOARD
    * TURTLE BEACH - IF CO CONTINUES TO BE STAND-ALONE ENTITY, A
DONERAIL PRINCIPAL WILL BE ADDED TO BOARD, ANOTHER INCUMBENT
DIRECTOR WILL RETIRE FROM BOARD
    * TURTLE BEACH - AGREEMENT PROVIDES FOR FUTURE APPOINTMENTS
OF
DONERAIL DESIGNEE,ANOTHER MUTUALLY AGREED UPON DIRECTOR BASED ON
OUTCOME OF ALTERNATIVES PROCESS
    * TURTLE BEACH CORP - DOES NOT INTEND TO COMMENT FURTHER
REGARDING
ITS ONGOING STRATEGIC REVIEW UNLESS A SPECIFIC TRANSACTION IS
APPROVED BY BOARD

Source text for Eikon:  ID:nBw471nfDa 
Further company coverage:  HEAR.O