Turtle Beach announces termination of rights agreement

Turtle Beach Corporation announced that its Board of Directors has unanimously approved the termination of the company’s rights agreement, commonly referred to as a “poison pill”, which was originally scheduled to expire on March 28, 2024. The rights agreement was amended to accelerate the expiration date to June 15, 2023, effectively terminating the agreement as of that date. “Turtle Beach is committed to enhancing its governance policies for the benefit of stockholders,” said Terry Jimenez, Chairman of the Board. “The termination of the rights agreement advances that objective.” Stockholders are not required, nor do they need to take any action because of the termination of the rights agreement.