Turtle Beach counters Immersion's board proposal, offers one seat; proxy fight looms

Turtle Beach Corp

Immersion (IMMR) owns 7% of HEAR and proposed reducing board to 6 with 2 Immersion designees.
Turtle Beach counter-proposal: appoint one Immersion nominee, reduce board to 7, two directors step down soon, one more within a year.
Turtle Beach extended nomination deadline and held a meeting with Immersion on April 1, 2023 to discuss plans.
Immersion filed a Schedule 13D amendment on April 3, mischaracterized the meeting, and stated intent to nominate candidates for a proxy contest.
Turtle Beach states it is willing to engage but believes giving a 7% holder one-third of board seats is unacceptable to other shareholders.

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