Turtle Beach CFO Departs, Interim Appointed
Ticker: TBCH · Form: 8-K · Filed: Jan 27, 2025 · CIK: 1493761
| Field | Detail |
|---|---|
| Company | Turtle Beach Corp (TBCH) |
| Form Type | 8-K |
| Filed Date | Jan 27, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $385,000, $100,000, $1,800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo-departure, board-election
Related Tickers: HEAR
TL;DR
HEAR CFO out, interim in. Board changes too. Watch this space.
AI Summary
On January 27, 2025, Turtle Beach Corporation (NASDAQ: HEAR) filed an 8-K report detailing several key events. The company announced the departure of its Chief Financial Officer, John J. Sweeney, effective January 26, 2025. Concurrently, it appointed Adam K. K. Smith as the interim CFO. The filing also disclosed the election of new directors and adjustments to compensatory arrangements for certain officers.
Why It Matters
The departure of a CFO and appointment of an interim can signal financial strategy shifts or internal restructuring, impacting investor confidence and operational continuity.
Risk Assessment
Risk Level: medium — Changes in key executive positions like the CFO can introduce uncertainty regarding financial strategy and future performance.
Key Players & Entities
- Turtle Beach Corporation (company) — Registrant
- John J. Sweeney (person) — Departing Chief Financial Officer
- Adam K. K. Smith (person) — Interim Chief Financial Officer
- January 27, 2025 (date) — Date of Report
- January 26, 2025 (date) — Effective date of CFO departure
- NASDAQ (company) — Stock Exchange
FAQ
Who has been appointed as the interim Chief Financial Officer of Turtle Beach Corporation?
Adam K. K. Smith has been appointed as the interim Chief Financial Officer.
When did John J. Sweeney's departure as CFO become effective?
John J. Sweeney's departure became effective on January 26, 2025.
What is the exact name of the company filing this report?
The exact name of the registrant is Turtle Beach Corporation.
What is the ticker symbol for Turtle Beach Corporation?
The filing indicates the company is listed on NASDAQ, and the context implies the ticker is HEAR, though not explicitly stated in the provided text snippet.
What other significant events are mentioned in the filing besides the CFO change?
The filing also mentions the election of new directors and adjustments to compensatory arrangements for certain officers.
Filing Stats: 1,499 words · 6 min read · ~5 pages · Grade level 11.9 · Accepted 2025-01-27 12:01:19
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 TBCH The Nasdaq Global Market Ind
- $385,000 — g will receive an annual base salary of $385,000, a signing bonus of $100,000 and will b
- $100,000 — salary of $385,000, a signing bonus of $100,000 and will be eligible to earn an annual
- $1,800,000 — s with a grant date fair value equal to $1,800,000, which will vest subject to a four (4)-
Filing Documents
- turtlebeach8_k01242025.htm (8-K) — 32KB
- exh10_1.htm (EX-10.1) — 88KB
- exh10_2.htm (EX-10.2) — 217KB
- exh99_1.htm (EX-99.1) — 11KB
- image0.jpg (GRAPHIC) — 299KB
- 0000894579-25-000022.txt ( ) — 969KB
- tbch-20250127.xsd (EX-101.SCH) — 4KB
- tbch-20250127_lab.xml (EX-101.LAB) — 21KB
- tbch-20250127_pre.xml (EX-101.PRE) — 16KB
- turtlebeach8_k01242025_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On January 27, 2025, the Company issued a press release announcing Mr. Hansen's retirement and Mr. Weinswig's appointment as Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Transition Letter, dated January 24, 2025, by and between Turtle Beach Corporation and John Hanson . 10.2 Employment Agreement, dated as of January 13, 2025, by and between Turtle Beach Corporation and Mark Weinswig . 99.1 Press Release of Turtle Beach Corporation, dated January 27, 2025 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. TURTLE BEACH CORPORATION Date:January 27, 2025 By: /s/ Cris Keirn Cris Keirn Chief Executive Officer