Turtle Beach adopts one-year stockholder rights plan with 10% trigger, record date June 23, 2025

Turtle Beach Corp

Rights plan expires June 9, 2026; not adopted in response to any specific takeover bid.
One Right per common share distributed to holders of record on June 23, 2025.
Trigger: beneficial ownership of 10% or more without Board approval; exercise price $79.
Includes Qualifying Offer clause allowing stockholders to call special meeting to exempt a qualifying bid.
Right becomes exercisable if trigger occurs; acquirer's Rights void, other holders can buy shares at 2x exercise price.

item 1.01 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Turtle Beach Corp: Adoption of Certificate of Designation for Series B Junior Participating Preferred Stock in connection with Rights Agreement (effective 2025-06-08).

Change: charter amendment
Effective: 2025-06-08

Exact text from the filing

on June 8, 2025, the Board approved a Certificate of Designation, Preferences, and Rights of Series B Junior Participating Preferred Stock (the “ Series B Certificate of Designation ”).

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Turtle Beach Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-137856

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