other material
confidence high
sentiment neutral
materiality 0.35
Turtle Beach adopts executive severance policy and enters severance agreement with Megan Wynne
Turtle Beach Corp
- Executive Severance Policy adopted July 28, 2026; covers CEO and direct reports with ≥12 months service.
- Policy provides 3 months base salary, up to $3k outplacement, 3 months COBRA (4 months if ≥12 years service).
- Megan Wynne severance agreement: 12 months base salary (1.5x lump sum if within 6 months of Change in Control), pro-rata bonus, 12 months COBRA.
- Benefits conditioned on release of claims and compliance with restrictive covenants.