Hoak Public Equities initiated active stake in Turtle Beach Corp (HEAR)

Key Summary: On February 24, 2026, Hoak Public Equities (5.2%) stated that it is dissatisfied with performance of the company and may engage with management on operations, capital allocation, and governance. 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.