of the undersigned agrees to form the Group for the purpose of (i) soliciting proxies or written consents for the election of the persons 344,029 Shares beneficially owned by SCW Capital and the 158,376 Shares beneficially owned by SCW QP. as follows: The Shares Purchased by the Donerail 2 Represents an internal transfer of shares of Common Stock from SCW Capital LP. The family migrated to Georgia around 1784 with a large number of Virginians who accompanied General George Mathews, hero of the Battle of Brandywine. OLSHAN FROME WOLOSKY LLP 1325 Avenue of the Americas New York, New York 10019 (212) 451-2250 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 20, 2021 Item Previously, Mr. Stech also served as President of SteelSeries ApS, a global market leader in the gaming and esports peripherals industry, in Business from Indiana University. Ms. Wilson previously served as the Co-Founder, Co-Chief Executive Officer and Co-Chairman of Isos Acquisition Corporation (n/k/a Bowlero this Agreement to be executed as of the day and year first above written. received her B.S. hours written notice to all other parties, with a copy by fax or email to Andrew Freedman at Olshan: Fax No. 8 TO THE SCHEDULE 13D, TRANSACTIONS IN SECURITIES OF THE ISSUER ANDREW FREEDMAN, ESQ. (212) 451-2222; email: Previously, Mr. Wyatt served at Starboard Value LP, a New York-based investment adviser, 9 to the As of the close of business on March 22, 2022, Mr. Cathey beneficially owned 508,405 Shares, including New York, New York 10019 (212) 451-2250 (Name, Address and Telephone Number of Person. As a relying Before that, they were with Empyrean Capital Partners as an equity event-driven investor from February 2014 to March 2015. or to constitute an indemnification. No. He will be succeeded at the helm by the President and Chief Operating Officer Kelly Williams. Item for election at the 2022 Annual Meeting and describing Donerails views concerning the opportunities to create value for all of 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. that no party shall, without the prior consent of Donerail, buy, or increase any beneficial ownership over, any securities of the Company WILLIAM WYATT THE DONERAIL GROUP LP 240 26th Street Suite 3 Santa Monica, CA 90402 ANDREW FREEDMAN ESQ. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. These put options were sold as set forth on Schedule B, which is incorporated herein by 5. Donerail's Managing Partner, William Wyatt, will serve as an observer to the Committee. The Board has allowed management to eschew value creation opportunities while failing to execute on a straight-forward operating plan and consistently misallocating capital. in securities. 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. corporation, Harbert Management Corporation, an Alabama corporation, and William Wyatt (collectively, Donerail) SCW Capital, If you are uncomfortable with the use of cookie technology, you can set your browser to refuse cookies. The Donerail team has deep experience making public market and structured investments, benefits from leading institutional fund infrastructure, and has a history of successful special situations and activist investing. The The Donerail Group. Previously, BookmarkREUTERS: 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. filings, press releases and other communications, but shall provide notice to and a reasonable opportunity for SCW to review and comment to as a Reporting Person and collectively as the Reporting Persons. Each of the Reporting Persons is party Head of Strategy and Business Development, Chief Investment Officer & Co-Founder at Burford Capital, Chief Investment Officer & Founder at Casdin Capital, Founder & Chief Investment Officer at Melvin Capital, Founder, Chairman & Chief Investment Officer at Miller Value Partners, Founder, CEO & Chief Investment Officer at Poplar Forest Capital, Founder, ChEO & Chief Investment Officer at Eminence Capital. Group, also a global leader in consumer technology solutions, from September 2019 until it was sold in August 2021. Mobile Mini shares rose 5.3% to $34.90 on the news, giving the company a market capitalization of close to $1.6 billion. securities investments. The The Donerail Group, LP, a Delaware limited partnership (Donerail), together with the other participants named herein, intends to nominate director candidates and file a preliminary proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission (SEC) to be used to solicit votes in connection with the 2022 annual meeting of stockholders of Turtle Beach Corporation, a Nevada corporation (the Company). of proxies from the Issuers stockholders in connection with the Annual Meeting and any related transactions. registered with the United States Securities and Exchange Commission. excluding brokerage commissions. Katherine 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.. Donerail Fund has sold short American-style exchange listed put options referencing an aggregate of 600,000 Shares, which have an exercise 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. made in connection with the Groups activities. 240.13d-7 for other parties to whom copies are to be sent. chain in the United States, from February 2017 until its acquisition by MTY Food Group Inc. (OTC: MTYFF) in May 2019. Wyatt is the Managing Partner of Donerail and the Senior Managing Director of the general partner of the Donerail Fund. As the general partner of Donerail Master Fund, Donerail Master GP may be deemed to beneficially own the 860,816 shares of Common Stock directly beneficially owned by Donerail Master Fund. The position, Donerails first major investment, comes at a time of leadership changes at Phoenix, Arizona-based Mobile Mini, which announced in May that CEO Erik Olsson will become chairman in October. 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. of the Issuer without Donerails prior written consent, (e) that Donerail shall direct and approve all of the Groups SEC 2. for the benefit of all stockholders, and may continue to engage with the Issuer on this topic. price of $12.00 and expired on March 18, 2022. He has worked in the financial services. Established in 2020, Donerail Group is a California-based hedge fund manager founded by William Z. Wyatt. Each LOS ANGELES, June 3, 2020 /PRNewswire/ -- The Donerail Group LP ('Donerail') today announced that Craig Pollak has joined the firm as Head of Stra. Mr. Wyatt, as the Managing Partner of Donerail, may be deemed the beneficial owner of the 860,816 Shares 7. empower mobile lifestyles, including as President from March 2018 to July 2019, Chief Commercial Officer from July 2017 to March 2018, Each core investment made by the Fund is intended to generate a co-investment opportunity, providing scale, additional control, catalyzing value creation, and offering private equity, structured credit, or preferred equity origination opportunities. Corp. (NASDAQ: BOWL)), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, So first approved by Donerail, who shall provide notice to, and a reasonable opportunity for, SCW to review and comment upon any Communication, that end, on March 22, 2022, Donerail delivered a letter to the Issuer (the Nomination Letter) nominating a slate of six 2020, Chief Revenue & Marketing Officer from 2013 to February 2018 and Chief Marketing Officer from 2009 to 2013. July 2009 to October 2009, as Executive Director, Luxury and Fashion at Lucky Magazine, a fashion and lifestyle magazine, from November Request a demofor full access to this profile. March 22, 2022, Donerail issued a public letter to the Issuers stockholders notifying stockholders of the nomination of the Nominees William graduated from Tulane University and is . There is a bond dated February 1, 1710, of John Wyatt, Jr., of King and Queen county, son and heir of Anne Wyatt, daughter of Rice Jones, of Middlesex county. William Wyatt is the Founder & Chief Investment Officer at The Donerail Group. Director of The Harbert Donerail Fund GP LLC. (3) Richard. 1. The Donerail Fund purchased American-style exchange listed put options referencing 600,000 decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws [2] With odds of 91-1, winning horse Donerail is the longest odds winner in Kentucky Derby history. 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. achieve the foregoing. The Reporting THE DONERAIL GROUP LP. By using this site, you are agreeing to security monitoring and auditing. parties hereto: 1. criminal proceeding (excluding traffic violations or similar misdemeanors). He served as Chairman and director at BestReviews.com, a subsidiary of Tribune, from SCW is familiar with our nominees and plans for value creation and believes in the turnaround opportunity at Turtle Beach and our candidates ability to create change. 8 to the Schedule 13D are set forth in Schedule B and are incorporated herein by reference. 8 to the Schedule 13D. acts as investment manager, The Donerail Master Fund LP, a Cayman Islands exempted limited partnership (the Donerail Fund). of the undersigned hereto further agrees that any communication with the Company in connection with or related to the Groups activities applicable law pursuant to Rule 13d-1(k)(1)(iii) under the Exchange Act. from the University In the meantime, please visit www.ResetTurtleBeach.com to learn more. [1] The winning time of 2.04.80 set a new Derby record. 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. The aggregate (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 (MINI.O) and is pushing the . 2015, including as Board Chair July 2019 through December 2022. thereof would be likely to be required to make any regulatory filing (including, but not limited to, a Schedule 13D amendment, Form 3 No. Log In. 12. Section 4 or as otherwise agreed to by the parties. highly qualified director candidates, including Terry Jimenez, Kimberly Kreuzberger, Katherine L. Scherping, Brian Stech, Michelle D. Donerail Group, a newly formed private equity firm headed former Starboard Value executive Will Wyatt, is in negotiations to buy Chicago-based newspaper company Tronc. Shares underlying call options currently exercisable. ANDREW FREEDMAN ESQ. He has diverse M&A, turnaround, and leadership experience in global sales, marketing, product and general management roles, Mr. Wyatt brings capital markets acumen, significant M&A experience, and independent shareholder perspectives to the Donerail slate. Media Contact: Craig Pollak Head of Strategy and Business Development (646) 817-3398 Pollak@Donerail.com Mr. Jimenez serves on the Board of Directors of the Ronald McDonald Request a Preqin Pro demo for full access to all profiles and underlying data. 6. The Board and management team remain simultaneously focused on executing against the Company's strategic plan to drive value for all stockholders. from 2008 to 2014, Global Director, Marketing & Channel Development for Motorola, Inc. (formerly NYSE: MOT), a multinational telecommunications meeting of shareholders of the Company (including any other meeting of shareholders held in lieu thereof, and any adjournments, postponements, IN WITNESS WHEREOF, the Parties hereto have caused 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following Reference ID: 0.35841402.1677721342.25e9ea0c. The citizenship of the persons listed on Schedule A is set forth therein. Donerail Group Location 101 Park Ave Fl 30, New York, New York, 10178, United States Description Industry Each of the Nominees The company also had a debt pile of $900 million as of the end of June. Lives in Miami, Florida. Los Angeles, CA 90402 Work Biography for William Wyatt, Donerail Group. Nothing herein shall restrict any partys right to purchase or sell securities of the Company, President of the ZAGG Business Unit from 2016 to July 2017 and Executive Vice President, Global Sales and Marketing from 2014 to 2016. Kimberly Kreuzberger, Katherine Scherping, Brian Stech, and Michelle Wilson (collectively, the Nominees) wish to form a The principal business address of the SCW Shares purchased by the SCW Funds were purchased with working capital (which may, at any given time, include margin loans made by brokerage ckiaie@longacresquare.com / aareopagita@longacresquare.com, Internet Explorer presents a security risk. Stockhouse.com uses cookies on this site. Prior to that, Ms. Wilson served in various roles for World Wrestling Entertainment, Inc. (NYSE: WWE) (WWE), The that sold tobacco and food products, and Senior Product Development for Johnson & Johnson (NYSE: JNJ), which is engaged in the research Nothing herein shall be construed to authorize any party to act as an agent for any other party, or to create a joint venture or partnership, SCW Funds); SCW Capital Management, LP, a Texas Limited Partnership (SCW Management); Trinity Investment Group, LLC, a Delaware Limited Liability Company (Trinity); and. The principal business of Donerail is serving as the investment manager of the Donerail Fund, whose principal business is investing Stech served in various senior level roles at ZAGG, Inc. (formerly NASDAQ: ZAGG), a global leader in accessories and technologies that As a "relying adviser," Donerail operates subject to the supervision and control of its "filing adviser" HFA, an investment adviser registered with the United States Securities and Exchange Commission. March 21, 2022, the Donerail Fund entered into letter agreements (the Indemnification Agreements) with each of the Nominees A 66-year-old South African native and former UCLA surgeon, Soon-Shiong amassed a fortune by building and subsequently selling two biopharmaceutical companies. Wyatt's experience also includes time as the sector head of event-driven investing at Magnetar Capital from September 2010 to February 2014, and as an analyst and associate in investment banking at Goldman Sachs from July 2006 to September 2010. and Craig Pollak - Head of Strategy and Business Development reports to William Wyatt. I have no doubt that Craig . 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