Turtle Beach Corporation issued the following statement regarding its extensive efforts to reach a settlement with Immersion Corporation: Most recently, on April 11, 2023, the Company delivered a third counterproposal to Immersion's counsel, which accepted the key elements being sought by Immersion, including: The appointment of two of Immersion's nominees as new independent directors selected by the Board, subject to the typical due diligence process run by the Board's Nominating and Governance Committee; The resignation of William Keitel, the Company's Lead Independent Director, who has volunteered to retire, and a second incumbent director of the Board's choosing; and The formation of a Value Enhancement Committee, upon the agreement of only four directors from the reconstituted Board, for the purpose of overseeing value creation opportunities to enhance or otherwise maximize value for shareholders.
Real-time Estimate
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5-day change | 1st Jan Change | ||
16.08 USD | -1.02% | -0.68% | +46.58% |
EPS Revisions
1st Jan change | Capi. | |
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+46.58% | 350M | |
+92.46% | 106B | |
+3.49% | 30.69B | |
+6.21% | 23.36B | |
+15.55% | 20.73B | |
-5.13% | 16.26B | |
+2.31% | 13.73B | |
+5.41% | 11.51B | |
+17.15% | 10.62B | |
+13.59% | 10.27B |
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- Turtle Beach Corporation Announces Resignation of William Keitel as Lead Independent Director