TBCH · Turtle Beach Corporation

Turtle Beach Corporation expanded its Board of Directors with the appointment of Lee Haspel and Daniela Kelley, effective April 20, 2026. These appointments are significant as they fulfill contractual commitments made under a Cooperation Agreement with The Donerail Group and affiliated entities dated March 9, 2026, suggesting a resolution to potential activist investor pressures or strategic governance restructuring. Both appointees bring distinct and relevant expertise. Mr. Haspel offers deep experience in private credit and asset management from his tenure at Blue Torch Capital, while Ms. Kelley contributes over 20 years of financial reporting, internal controls, and governance experience from UiPath and PricewaterhouseCoopers. The Board affirmed the independence of both directors under Nasdaq standards and designated Ms. Kelley as an audit committee financial expert, strengthening the Board's audit oversight capabilities. She is set to chair the Audit Committee, while Mr. Haspel will join both the Audit and Nominating and Governance Committees. Compensation aligns with the standard non-employee director program, including a pro-rated $50,000 cash retainer and an equity grant of 13,880 shares. Investors should note Mr. Haspel's prior affiliation with Blue Torch Capital and the Company's ongoing exploration of financing options with that entity, although he will recuse himself from related negotiations.