Source-grounded facts extracted from Turtle Beach Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Turtle Beach Corp: Board approved a Certificate of Designation for Series A Junior Participating Preferred Stock (effective 2023-03-27).
“on March 27, 2023, the Board approved a Certificate of Designation, Preferences, and Rights of Series A Junior Participating Preferred Stock”
Turtle Beach Corp amended revolving credit with Bank of America, N.A. maturing April 1, 2025.
“On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders. The Company executed the Third Amendment to extend its working capital line through April 2025 and to confirm the interest rate structure in connection with the phasing out of LIBOR.”
Turtle Beach Corp amended Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement with the financial institutions party thereto as lenders and Bank of America, N.A., as administrative agent (effective 2023-03-10).
“On March 10, 2023, Turtle Beach Corporation, a Nevada corporation (the “Company”), entered into the Third Amendment to Amended and Restated Loan, Guaranty and Security Agreement (the “Third Amendment”), by and among the Company, Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited (“TBEU”), VTB Holdings, Inc., as guarantor, the financial institutions party thereto from time to time as lenders and Bank of America, N.A., as administrative agent, collateral agent and security trustee for the lenders.”
Turtle Beach Corp updated its the fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).
“Item 2.02 - Results of Operations and Financial Condition. On March 13, 2023, Turtle Beach Corporation (the "Company") issued a press release announcing its financial results for its year ended December 31, 2022. A copy of that press release and the attached financial schedules are attached as Exhibit 99.1 to this report and incorporated herein by reference.”
Julia W. Sze was appointed as Director at Turtle Beach Corp.
“On December 5, 2022, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) increased the size of the Board from eight (8) to nine (9) members and appointed Julia W. Sze to the Board.”
Turtle Beach Corp reported the third quarter ended September 30, 2022 results: revenue $51.3 million, net income $(12.0) million, or $(0.73) per diluted share.
“Third Quarter Summary vs Year-Ago Period: • Third quarter net revenue was $51.3 million, compared to $85.3 million a year ago, where the Company reported its second-highest third quarter; • Third quarter net loss was $(12.0) million, or $(0.73) per diluted share, compared to net income of $2.6 million, or $0.14 per diluted share, a year ago; • Third quarter adjusted EBITDA loss was $(6.9) million compared to adjusted EBITDA of $6.7 million a year ago, including a $(2.3) million impact from foreign exchange; and • Third quarter recurring operating expenses were down 16% from proactive expense management the Company initiated earlier in the year.”
Terry Jimenez was appointed as Director at Turtle Beach Corp.
“Also on October 26, 2022, the Board appointed Terry Jimenez to the Board.”
Kelly A. Thompson resigned as Director at Turtle Beach Corp.
“On October 26, 2022, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) accepted the voluntary resignation of Kelly A. Thompson from the Board.”
Michelle D. Wilson was appointed as Director at Turtle Beach Corp.
“appointed Katherine L. Scherping, Brian Stech and Michelle D. Wilson to the Board”
Brian Stech was appointed as Director at Turtle Beach Corp.
“appointed Katherine L. Scherping, Brian Stech and Michelle D. Wilson to the Board”
Katherine L. Scherping was appointed as Director at Turtle Beach Corp.
“appointed Katherine L. Scherping, Brian Stech and Michelle D. Wilson to the Board”
Yie-Hsin Hung resigned as Director at Turtle Beach Corp.
“accepted the voluntary resignation of Yie-Hsin Hung from the Board”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.