From 2005 to 2008, he served as Vice President Finance and Chief Financial Officer of Newsday, Inc., a subsidiary of Tribune and from of business) in open market purchases, except as otherwise noted in Schedule B, which is incorporated herein by reference. focused on identifying and executing on investment opportunities in the media, entertainment and sports industries, since January 2021. wholly owned subsidiary HFA is serving as an alternative asset management firm to various private investment funds. filing of Amendment No. Stockhouse.com uses cookies on this site. The If you are uncomfortable with the use of cookie technology, you can set your browser to refuse cookies. acts as investment manager, The Donerail Master Fund LP, a Cayman Islands exempted limited partnership (the Donerail Fund). Prior to that, she worked as a Regional Sales Manager at To 10. None will contain information that will enable anyone to contact you via telephone, e-mail, or any other means. The Turtle Beach Corporation Craig graduated from Yale University with a Bachelor of Arts in Economics and with a Juris Doctor from the New York University School of Law. 344,029 Shares beneficially owned by SCW Capital and the 158,376 Shares beneficially owned by SCW QP. The Shares purchased by Mr. Cathey were purchased with personal funds in open market purchases. "Turtle Beach is an iconic, industry leader that has been the industry standard for over a decade . Sole power to vote or direct vote: -0-. Biographies for each of our nominees are included in this letter. Before that, they were with Empyrean Capital Partners as an equity event-driven investor from February 2014 to March 2015. effecting any purchase, sale, acquisition or disposal of any securities of the Company which he or she has, or would have, direct or indirect We give you the access and tools to invest like a Wall Street money manager at a Main Street price. the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule Mr. Wyatt is the Founder and CIO of Donerail. ANDREW FREEDMAN ESQ. company, from 2006 to 2008, General Manager & Director of Mobility Electronics, Inc. (formerly NASDAQ: MOBE) (n/k/a iGo, Inc.), then [3] Previously, Ms. Scherping served as a member of the board of directors We believe he has the right background to help the Board pursue and evaluate all paths to maximizing value for shareholders, Mrs. Kreuzberger has spent most of her career marketing consumer brands and brings a wealth of knowledge around creatively selling legacy lifestyle brands. The principal business of Donerail is serving as the investment manager of the Donerail Fund, whose principal business is investing or finding any violation with respect to such laws. (Reuters) - The Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive William Wyatt, has built a stake in Mobile Mini Inc. and is pushing the world's largest provider of portable storage solutions to explore a sale, people familiar with the matter said on Wednesday. afreedman@olshanlaw.com. (2) John. In addition to SCW, we have been humbled by the number of shareholders that have proactively reached out to praise our efforts to turn around Turtle Beach, and we encourage any Turtle Beach shareholder to contact us with thoughts and views on value creation. and all applicable securities laws. Press release content from PR Newswire. 6. Wyatt is the Managing Partner of Donerail and the Senior Managing Director of the general partner of the Donerail Fund. Section 4 or as otherwise agreed to by the parties. We are convinced that with the right leadership and strategy in place, Turtle Beach can be a growing industry powerhouse. Notwithstanding Donerail Group Location 101 Park Ave Fl 30, New York, New York, 10178, United States Description Industry Santa Monica, CA 90402 . Shares to cover its short position, as set forth on Schedule B, which is incorporated herein by reference, and, accordingly, the Donerail Ms. Wilson currently serves as a member of His unique combination of business acumen and market intelligence is well-known in the investment community, and his reputation and character fit ideally within the culture that we are building at the firm. as follows: The Shares Purchased by the Donerail Quiznos Subs), a privately held quick-serve sub sandwich restaurant franchisor, including as Interim Chief Executive Officer in 2016 and July 2009 to October 2009, as Executive Director, Luxury and Fashion at Lucky Magazine, a fashion and lifestyle magazine, from November Any party hereto may terminate his/her/its obligations under this Agreement on 24 Over the past year, Donerail has conducted extensive due diligence and become one of the largest shareholders of Turtle Beach. The transactions in the securities of the Issuer by Mr. Cathey during the past 60 days are set forth in or Form 4 with the Securities and Exchange Commission (the SEC)) without using its reasonable efforts to give the other Odds of getting . Each Fund no longer has any exposure to such call options. The firm employs a value-oriented, activist investment lens focusing on special situations and event driven investments. We have invested significant time and resources recruiting a world-class slate that can bring the right skills and perspectives to the Board. Stech served in various senior level roles at ZAGG, Inc. (formerly NASDAQ: ZAGG), a global leader in accessories and technologies that House Charities of Chicagoland & Northwest Indiana, a non-profit organization supporting families with children in need of hospital Bowman is a founding partner of Donerail and serves as a Senior Analyst. As the investment manager to each of SCW Capital and SCW QP, SCW Management may be deemed to beneficially own the 502,405 shares of Common Stock beneficially owned in the aggregate by the SCW Funds. For more information, contact opendata@sec.gov. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. As a filing adviser with supervisory control of Donerail Group, HFA may be deemed to beneficially own the 860,816 shares of Common Stock directly beneficially owned by Donerail Master Fund. Each Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 2020, Chief Revenue & Marketing Officer from 2013 to February 2018 and Chief Marketing Officer from 2009 to 2013. OLSHAN FROME WOLOSKY LLP. HMC, in its capacity as managing member of the general partner of Donerail, may be deemed the beneficial Mr. Wyatt is a former portfolio manager and partner at Starboard Value, a New York-based hedge fund. All rights reserved. Donerail March 21, 2022, the Reporting Persons entered into the Joint Filing and Solicitation Agreement (the JFSA), as more fully Items The Donerail Group LP is a Los Angeles-based investment adviser with a fundamental approach to investing, focusing primarily on publicly traded companies within the United States. shall be at Donerails direction, and that the undersigned shall not participate in such communications with the Company on the He served as Chairman and director at BestReviews.com, a subsidiary of Tribune, from These individuals are not only well-suited to implement a reset at Turtle Beach and better navigate the industry, but they also understand the tenets of sound corporate governance. The company also had a debt pile of $900 million as of the end of June. She also has over 18 years of experience in executive financial leadership roles and has received multiple awards for her outstanding accomplishments, She is a financial expert with more than 38 years of finance, accounting and managerial experience, Mr. Stech is currently the CEO of Vinci Brands, a privately-held global leader of consumer tech solutions, and was previously the CEO of Incipio Group, Previously, he was President of SteelSeries, a leading global gaming peripherals and esports business that recently was acquired by GN Store Nord in October 2021, Mr. Stech was also President of ZAGG, Inc. (NASDAQ: ZAGG), a global leader in accessories that empower mobile lifestyles, Many Vinci, Incipio Group, ZAGG and SteelSeries brands and products are sold in the same retail partners as Turtle Beach, Mr. Wyatt is the Managing Partner of The Donerail Group LP, an investment management firm, with more than 15 years of experience advising and investing in companies in the retail and consumer sectors, Prior to Donerail, he was a Portfolio Manager at Starboard Value LP, a New York-based investment adviser, where he served as the Head of Event Driven Investments, Mr. Wyatt also served in a variety of investment and leadership roles at Empyrean Capital, Magnetar Capital and Goldman Sachs, Mrs. Kreuzberger founded Pivot Projects, a full-service business partner for celebrity talent. resolve any disagreement that may arise between or among them concerning decisions to be made, actions to be taken or statements to be to that certain Joint Filing and Solicitation Agreement, as further described in Item 6. purchase price for the 6,000 Shares reported owned herein by Mr. Cathey is approximately $134,325, excluding brokerage commissions. Announces Formation of 8.5% Shareholder Group with SCW Capital Management LP, Unveils an Experienced and Qualified Slate With a Vision for Turning Around Turtle Beach, Urges Board to Adopt Universal Proxy Card, a Widely-Accepted Governance Best Practice, for the 2022 Annual Meeting, Launches www.ResetTurtleBeach.com for Updates on Donerails Campaign for Change. under the laws of the State of Texas. if, as a result of such action, the Group would beneficially own more than 9.99% of the Company's common stock. Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Mr. Wyatt and other documents in connection with the solicitation of proxies from the Issuers stockholders. In addition to announcing our slate of director nominees, we are pleased to announce that SCW Capital Management, LP (SCW), one of the largest shareholders of Turtle Beach, has joined our effort to effect change at the Company. March 22, 2022, Donerail issued a public letter to the Issuers stockholders notifying stockholders of the nomination of the Nominees hours written notice to all other parties, with a copy by fax or email to Andrew Freedman at Olshan: Fax No. beneficially owned by Donerail, including 275,000 Shares underlying call options currently exercisable. Kimberly Kreuzberger, Katherine Scherping, Brian Stech, and Michelle Wilson (collectively, the Nominees) wish to form a There is a bond dated February 1, 1710, of John Wyatt, Jr., of King and Queen county, son and heir of . Prior to that, Mr. Wyatt worked By continuing to use our service, you agree to our use of cookies. As the Managing Partner of Donerail Group, which serves as the investment manager of Donerail Master Fund, Mr. Wyatt may be deemed to beneficially own the 860,816 shares of Common Stock owned directly by Donerail Master Fund. 3. THE DONERAIL GROUP LP. THE DONERAIL GROUP LP. 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