Turtle Beach finalizes consulting agreement with departing CEO Juergen Stark at $700/hour

Turtle Beach Corp

Outgoing CEO Juergen Stark entering consulting role from June 26, 2023 through April 1, 2024.
Consulting fee of $700 per hour; business expenses reimbursed up to $500 without prior approval.
Stark must refrain from working for competitors listed in Exhibit A during consulting period.
Either party may terminate with 10 days' written notice; Stark retains earned but unpaid fees.
Agreement includes confidentiality and indemnification provisions; independent contractor status.

item 5.02 item 9.01

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Departed

Juergen Stark

Chief Executive Officer and President

TBCH · Turtle Beach Corp

Effective: 2023-06-30
Filed: June 29, 2023, 7:59 PM ET

Turtle Beach Corporation (the “Company”) and Juergen Stark, Chief Executive Officer and President of the Company, agreed that Mr. Stark would not continue in his role as Chief Executive Officer and President of the Company effective as of the close of business on June 30, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Juergen Stark departed as Chief Executive Officer and President at Turtle Beach Corp.

Action: would not continue
Role: Chief Executive Officer and President

Exact text from the filing

Turtle Beach Corporation (the “Company”) and Juergen Stark, Chief Executive Officer and President of the Company, agreed that Mr. Stark would not continue in his role as Chief Executive Officer and President of the Company effective as of the close of business on June 30, 2023.

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Source: SEC EDGAR

accession 0000894579-23-000197

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