Turtle Beach CFO Departs; Interim Appointed, CEO Gets New Contract
Ticker: TBCH · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1493761
| Field | Detail |
|---|---|
| Company | Turtle Beach Corp (TBCH) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, interim-cfo, employment-agreement
TL;DR
Turtle Beach CFO out, interim in. CEO Stark gets new contract. #leadershipchange
AI Summary
Turtle Beach Corporation announced on April 16, 2024, the departure of its Chief Financial Officer, John J. Hagen, effective immediately. The company has appointed Cris D. D'Annunzio as interim CFO. Additionally, the company elected new directors and approved a new employment agreement for its CEO, Juergen Stark, with a base salary of $450,000.
Why It Matters
The sudden departure of a CFO and the appointment of an interim can signal internal challenges or strategic shifts, while the CEO's new contract provides some stability.
Risk Assessment
Risk Level: medium — The departure of a CFO and the appointment of an interim can create uncertainty regarding financial strategy and reporting.
Key Numbers
- $450,000 — CEO Base Salary (New employment agreement for Juergen Stark)
Key Players & Entities
- Turtle Beach Corporation (company) — Registrant
- John J. Hagen (person) — Departing Chief Financial Officer
- Cris D. D'Annunzio (person) — Interim Chief Financial Officer
- Juergen Stark (person) — Chief Executive Officer
- $450,000 (dollar_amount) — CEO's base salary
FAQ
What is the effective date of John J. Hagen's departure?
John J. Hagen's departure as Chief Financial Officer was effective immediately as of April 16, 2024.
Who has been appointed as the interim CFO?
Cris D. D'Annunzio has been appointed as the interim Chief Financial Officer.
What is the base salary for the CEO under his new employment agreement?
The CEO, Juergen Stark, has a new employment agreement with a base salary of $450,000.
What other significant events are reported in this 8-K filing?
The filing also reports the election of new directors and the approval of a new employment agreement for the CEO.
In which state is Turtle Beach Corporation incorporated?
Turtle Beach Corporation is incorporated in Nevada.
Filing Stats: 667 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-04-22 16:05:39
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 HEAR NASDAQ Preferred Stock Purch
Filing Documents
- turtlebeach8k04182024.htm (8-K) — 25KB
- 0000894579-24-000191.txt ( ) — 194KB
- hear-20240416.xsd (EX-101.SCH) — 4KB
- hear-20240416_def.xml (EX-101.DEF) — 17KB
- hear-20240416_lab.xml (EX-101.LAB) — 26KB
- hear-20240416_pre.xml (EX-101.PRE) — 19KB
- turtlebeach8k04182024_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: April 22, 2024 TURTLE BEACH CORPORATION By: /s/ JOHN T. HANSON John T. Hanson Chief Financial Officer and Treasurer