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Toro 18 Holdings withdrew its nomination at Turtle Beach (HEAR); Turtle Beach appoints William Wyatt, the Founder and CIO of The Donerail Group to the board

Key Summary: Toro 18 Group (up to 8.4%) launched a proxy campaign in early 2023, nominating directors and pushing for strategic changes, including a CEO transition and formation of a special committee, leading to the withdrawal of its nominations. Separately, The Donerail Group (up to 8.5%) pursued an acquisition, later ran a proxy contest with allies, secured board representation and a strategic review in 2022, and in 2023, its nominee William Wyatt was appointed to the Board and Value Enhancement Committee.
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