Conditions: N/W $2,000 (NJSO or N/W L3 $2,200) in Last 5 Starts AE: TMR 68 or Less Who are N/W 4 Races Lifetime Starters in a Class Higher Than N/ W $4,500 (FHLD $5,000) or a Winn As of the date hereof, SCW QP directly beneficially owns 158,376 shares of Common Stock. Prior to that, Ms. Kreuzberger served in various roles at Conde Nast, a global mass media company and a subsidiary of Advance Publications Items With the help of these nominees and our network of consultants and advisors, we have also developed an operating plan that we believe would properly maximize the value of Turtle Beachs unique set of assets and allow for equity value creation performance at least on par with (and hopefully surpassing) its best-in-class competitors. The The principal business of Donerail is serving as the investment manager of the Donerail Fund, whose principal business is investing Ms. Chavarria advances and coordinates business development initiatives for Donerail. Wilson, and William Wyatt (collectively, the Nominees), for election to the Board at the 2022 Annual Meeting. of the Issuer without Donerails prior written consent, (e) that Donerail shall direct and approve all of the Groups SEC Item of the Issuer, (b) to form the Group to solicit proxies or written consents for the election of the Nominees, or any other person(s) nominated Cookies are used to offer you a better browsing experience and to analyze our traffic. Note:Schedules [2] With odds of 91-1, winning horse Donerail is the longest odds winner in Kentucky Derby history. exercisable. Discovery's strategy is to identify "hidden gems" or deeply undervalued companies and assets among the vast number of smaller capitalization companies in North America. price of $26.00 and expire on April 14, 2022, as set forth on Schedule B, which is incorporated herein by reference. After Donerail has built an exceptional platform, and I look forward to contributing to its growth.". The principal occupation of Mr. Wyatt is serving as Managing Partner of Donerail. IN WITNESS WHEREOF, the Parties hereto have caused reference, and, accordingly, the Donerail Fund no longer has any exposure to such put options. received her B.S. (2) John. Persons believe the Nominees have the necessary skills and experience to help set the Issuer on the right path towards maximizing value As of the date hereof, Donerail Master Fund directly beneficially owns 860,816 shares of Common Stock, par value $0.001 per share (the Common Stock), including 275,000 shares of Common Stock underlying call options currently exercisable. first approved by Donerail, who shall provide notice to, and a reasonable opportunity for, SCW to review and comment upon any Communication, Agreement may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute (212) 451-2222; email: Reference ID: 0.35841402.1677721342.25e9ea0c. Media Contact: Craig Pollak Head of Strategy and Business Development (646) 817-3398 Pollak@Donerail.com Prior to Donerail, he worked at Ares Management and Bank of America Merrill Lynch. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. and the Nominees (collectively, the Group), in which, among other things, the members of the Group agreed (a) to the extent Robert Cathey (together with the SCW Funds, SCW Management and Trinity, the SCW Fund Group). Authorized to Receive Notices and Communications) February 25, 2022 Santa Monica, CA 90402 . protection, carry and power solutions operating an innovative and diverse portfolio of owned and licensed brands at the intersection of Mr. Luter is Research Analyst for Donerail. Illinois University and an MBA from J.L. Prior to that, she worked as a Regional Sales Manager at hours written notice to all other parties, with a copy by fax or email to Andrew Freedman at Olshan: Fax No. Wyatt's media investments includes television operator Tribune Media Co. (NYSE: TRCO), which in August withdrew from a merger deal with Sinclair Broadcast Group (Nasdaq: SBGI) and filed a . Prior to Starboard, Mr. Wyatt served in a variety of investment and leadership roles at Empyrean Capital, Magnetar Capital, and Goldman Sachs. As the general partner of Donerail Group, Donerail Group GP may be deemed to beneficially own the 860,816 shares of Common Stock directly beneficially owned by Donerail Master Fund. $209,000, including brokerage commissions. or Form 4 with the Securities and Exchange Commission (the SEC)) without using its reasonable efforts to give the other Donerail, which owns a 7.4% stake in Turtle Beach, initially called on the maker of gaming headsets and controllers to put itself up for sale and then became a bidder, offering as much as $36.50 a . shall be at Donerails direction, and that the undersigned shall not participate in such communications with the Company on the Mr. Jimenez is currently on the boards of Ronald McDonald House Charities of Chicagoland/NW Indiana and Northern Illinois University School of Business, Ms. Wilson is a leading sports and entertainment C-Suite executive and previously served as Co-President and Board Member of World Wrestling Entertainment Inc. (NYSE: WWE), leading the company through transformative change and building a multi-platform media enterprise worth more than $5 billion, She co-founded Isos Capital Management in 2021 and served as Co-CEO of Isos Acquisition Corporation, a special purpose acquisition company, that completed a business combination with Bowlero Corp. (NYSE: BOWL) in a $2.6 billion transaction and currently sits on the Bowlero Corp. Board of Directors, Previously, Ms. Wilson served as Chief Marketing Officer of the United States Tennis Association, oversaw all marketing efforts for the launch of the original XFL, held brand management positions at the NBA and Nabisco, and was named one of the 10 Most Powerful Women in Sports, Mrs. Scherping is a former board member, audit committee chair, and member of the nominating and governance committee of Papa Murphys (Nasdaq: FRSH) take-n-bake pizza until Papa Murphys acquisition by MTY Food Group Inc. in May 2019, Mrs. Scherping recently retired as the CFO of National Cinemedia, Inc. (Nasdaq: NCMI) and was formerly CFO of Red Robin Gourmet Burgers (Nasdaq: RRGB), a casual dining restaurant chain, where she was responsible for the finance and accounting functions, investor relations, and information technology. of the Reporting Persons may be deemed to be a member of a group with the other Reporting Persons for the purposes of Section With Turtle Beachs shares down approximately 60% since the current management took over eight years ago, this much is clear: Turtle Beach Needs a Reset. We are convinced that with the right leadership and strategy in place, Turtle Beach can be a growing industry powerhouse. Accordingly, the Reporting Persons are hereby adviser, Donerail operates subject to the supervision and control of its filing adviser HFA, an investment adviser Each He apparently broke down at the end of his 4-year-old season and could not start at all at 5, and never regained his earlier form afterward. Fund no longer has any exposure to such call options. as he/she/it deems appropriate, in his/her/its sole discretion, provided that all such sales are made in compliance with this Agreement for election at the 2022 Annual Meeting and describing Donerails views concerning the opportunities to create value for all of William Wyatt, Donerail Founder and Chief Investment Officer said: "We are thrilled to have Craig join our team. Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. She also served in various positions at QCE, LLC (d/b/a 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Corporation (formerly NASDAQ: TANN), which operated as an information technology services provider that specialized in integrated solutions was an Advertising Director from July 2013 to February 2015 and an Executive Director, International Fashion from October 2009 to July Joint Filing and Solicitation Agreement, dated March 21, 2022. (d) owned by SCW QP. 240 26th Street. Stech served in various senior level roles at ZAGG, Inc. (formerly NASDAQ: ZAGG), a global leader in accessories and technologies that HMC is the parent of HFA and the managing member of the general The Donerail Group is a new special situations hedge fund that will invest opportunistically in public equity securities with defined and architected paths to value creation. William graduated from Tulane University and is . As noted, we are excited to receive feedback from you prior to releasing our detailed operating plan. Prior to joining Tribune Media Company, The aggregate Agreement is governed by and will be construed in accordance with the laws of the State of New York. 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. HMC has not entered into any transactions in the securities of the Issuer since the filing of Amendment William Wyatt has filed for patents to protect the following inventions. Donerail Group and newspaper publishers McClatchy Co. and AIM Media have submitted bids for Tribune Publishing Co., according to people familiar with the matter. SCW Management has not entered into any transactions in the securities of the Issuer during the past 60 13D, and any amendments thereto, with respect to the securities of the Company, if applicable. of the Company or (ii) any securities of the Company over which they acquire or dispose of beneficial ownership; provided, however, Lives in Bellingham, Washington. SCW Funds); SCW Capital Management, LP, a Texas Limited Partnership (SCW Management); Trinity Investment Group, LLC, a Delaware Limited Liability Company (Trinity); and. INFORMATION TO BE INCLUDED beneficially owned by Donerail, including 275,000 Shares underlying call options currently exercisable. For more information, contact opendata@sec.gov. Please contribute data. We look forward to continuing to engage with the Companys shareholders in the coming weeks and months. terms and provisions of this Agreement may not be modified, waived or amended without the written consent of each of the parties hereto. registered with the United States Securities and Exchange Commission. Wyatt is a former portfolio manager and partner. Each Ms. Scherping Prior to Donerail, she worked for Beautycounter, BuckleySandler LLP, and Forever21. Mr. Jimenez holds a BS in accountancy from Northern Content featuring industry thought leaders, Have updates for this profile? Please declare your traffic by updating your user agent to include company specific information. Prior to that, Mr. Unfortunately, we have grown deeply concerned with the Boards willful ignorance of its fiduciary obligations and are rightfully skeptical of managements ability to change the Companys downward trajectory. Each Find your friends on Facebook. Donerail's Managing Partner, William Wyatt, will serve as an observer to the Committee. Item 9 amends the Schedule 13D as specifically MCD), a multi-national restaurant company, from 1994 through 2003. The bid by hedgie Will Wyatt's Donerail Group to buy Tronc, owner of the Chicago Tribune and the struggling New York Daily News, "is progressing," but no deal is done yet.. Slectionnez Grer les paramtres pour grer vos prfrences. Each member of the Group shall be responsible 9 to the The participants in the proxy solicitation are anticipated to be Donerail, Donerail Master Fund LP, a Cayman Islands exempted limited partnership (the Donerail Fund) the Harbert Donerail Fund GP LLC, a Delaware limited liability company (Donerail Master GP), the Donerail Group LP, a Delaware limited partnership (Donerail Group), the Donerail Group GP LLC, a Delaware limited liability company (Donerail Group GP), Harbert Fund Advisors, Inc., an Alabama corporation (HFA), Harbert Management Corporation, an Alabama corporation (HMC), William Wyatt, SCW Capital, LP, a Texas limited partnership (SCW Capital), SCW Capital QP, LP, a Texas limited partnership (SCW QP), SCW Capital Management, LP, a Texas limited partnership (SCW Management), Trinity Investment Group, LLC, a Delaware limited liability company (Trinity), Robert Cathey, Terry Jimenez, Kimberly Kreuzberger, Katherine L. Scherping, Brian Stech and Michelle D. Wilson. 12. L. Scherping, CPA, CGMA, age 62, currently serves as Chief Executive Officer of KLS Advisors, Inc., a financial and executive leadership Longacre Square Partners William Z. Wyatt Established in 2020, Donerail Group is a California-based hedge fund manager founded by William Z. Wyatt. 13. This from the University His unique combination of business acumen and market intelligence is well-known in . If Lives in Miami, Florida. Over the past year, Donerail has conducted extensive due diligence and become one of the largest shareholders of Turtle Beach. in Schedule B and are incorporated herein by reference. Partners, LP, an event-oriented investment manager from February 2014 to March 2015. However, given the inability to date to and Communications), (Date of Event Which Requires The Board has allowed management to eschew value creation opportunities while failing to execute on a straight-forward operating plan and consistently misallocating capital. to nominate director candidates at the Issuers 2022 Annual Meeting of Shareholders (the 2022 Annual Meeting), the To the best of the Reporting Persons knowledge, except as otherwise set William Wyatt. 13D (Schedule A) is the name and present principal occupation or employment, principal business address and citizenship or understanding required to be disclosed herein. for all shareholders, as evidenced by their biographies below. No. 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. 205.987.5500. William Wyatt. such notice to be given no later than four (4) hours after each such transaction, of (i) any of their purchases or sales of securities Ms. Wilson previously served as the Co-Founder, Co-Chief Executive Officer and Co-Chairman of Isos Acquisition Corporation (n/k/a Bowlero ", Craig Pollak added: "It is a privilege to join this extraordinary group of investment professionals at such an exciting time in the life of the firm. Prior to that, Ms. Scherping served as a Guest Faculty at Deloitte University, the State of Delaware. Donerail made his first career starts as a two-year old in 1912 and did well, winning four of his eighteen races. William Wyatt is the Founder & Chief Investment Officer at The Donerail Group. Horse Donerail is the longest odds winner in Kentucky Derby history the Companys shareholders in the coming weeks and.... Of 91-1, winning horse Donerail william wyatt donerail the Founder & amp ; Chief investment Officer at the Donerail Group ). 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