Turtle Beach Corporation (NASDAQ:HEAR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Turtle Beach Corporation (NASDAQ:HEAR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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On August 12, 2019, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) appointed Kelly Thompson as a director of the Company filling a vacancy on the Board. Ms. Thompson will serve as a member of the Board’s Compliance and Governance Committee.

Ms. Thompson is a respected retail leader with a unique blend of operational and functional capabilities. From 2017-2019 she was the COO of samsclub.com and member of the CEO’s Leadership Committee with responsibility for eCommerce Merchandising, Business Intelligence, Marketing, Supply Chain, Business Operations, a multi-billion dollar omni P&L and the CEO’s “Digital” Initiative. Prior to samsclub.com, Ms. Thompson spent 7 years as Chief Merchant of walmart.com and grew the business through product and category expansion, maximizing early phase omni channel programs, building new technology to scale growth, and developing a world class team of merchants accountable for category level P&Ls. Her ability to manage people and deliver results lead to additional oversight of Planning, Distribution, Marketplace, Pricing, Shipping and Services in addition to Merchandising. From 1997 to 2007 Ms. Thompson held various Merchandising roles at Gap, working her way from trainee to Divisional Merchandising Manager. Ms. Thompson holds a B.S. degree in Biology from the University of California San Diego.

In connection with her appointment to the Board, Ms. Thompson will be entitled to receive a cash retainer to the Company’s non-employee director compensation policy and options to purchase $50,000 in value of the Company’s common stock, par value $0.001 per share (“Common Stock”), and restricted Common Stock awards with a value of $50,000, to the Company’s 2013 Stock-Based Incentive Compensation Plan, as amended.

Additional information regarding Ms. Thompson’s appointment as a director is contained in the press release attached hereto as Exhibit 99.1.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Exhibit Description

99.1 Press Release issued by Turtle Beach Corporation dated August 13, 2019

Turtle Beach Corp Exhibit
EX-99.1 2 hear-ex991_26.htm EX-99.1 hear-ex991_26.htm   Exhibit 99.1 TURTLE BEACH ANNOUNCES APPOINTMENT OF   KELLY THOMPSON TO BOARD OF DIRECTORS   The Addition of Thompson Strengthens Turtle Beach’s Retail Expertise as the Gaming Accessory Brand Begins the Next Phase of Global Expansion   San Diego,…
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About Turtle Beach Corporation (NASDAQ:HEAR)

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices. It offers a range of headsets, spanning multiple wired and wireless retail price points and has offerings across all gaming platforms. HyperSound technology is an audio solution that provides a means of projecting sound in a directional manner, without use of speaker arrays, to a specific location creating a precise audio zone. Its HyperSound Clear 500P is a medical device and a directed audio solution for individuals with hearing loss.

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