secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0000929638-22-000933
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach expands board to 8, adds 3 directors, adopts retention plan for CEO/CFO
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- Board expanded from 6 to 8; Yie-Hsin Hung resigned amicably; Katherine Scherping, Brian Stech, Michelle Wilson appointed.
- CEO Stark received RSU award of 9,570 shares; CFO Hanson received 5,980 shares under retention plan (30% of salary).
- Retention plan provides cash bonuses, accelerated equity vesting, and severance for select management through Nov 2023.
- New directors are independent; Scherping joins Audit and Nominating; Stech on Compensation; both on Strategic Review.
- CFO's severance extended to include 'Good Reason'; CEO excluded from Plan severance due to existing 12-month agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000092963822000933/0000929638-22-000933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000092963822000933/ab8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-22-000933

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