On May 8, 2023, Turtle Beach Corporation announced that Immersion Corporation is pleased that the board has followed its recommendation and announced the formation of a special committee tasked to explore strategic opportunities. In addition, Immersion Corporation stated after the announcement that the CEO would be transitioning and another longer tenured director would be stepping off the board, it has determined to withdraw the Nomination Letter and their nomination of three nominees for election at the 2023 Annual Meeting.