Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On April 19, 2021, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) appointed Yie-Hsin Hung as a
director of the Company. The Nominating and Governance Committee of the Company recommended Ms. Hung on April 19, 2021, to fill a vacancy created by an increase in the size of the Board. The Board, on the recommendation of the Nominating and
Governance Committee, has appointed Ms. Hung to serve on the Nominating and Governance Committee and the Compensation Committee.
Ms. Hung currently serves as the Chief Executive Oﬃcer of New York Life Investment Management, a role she has held since 2015. Ms. Hung
has been with New York Life Investment Management since 2010 and, in addition to serving as the Chief Executive Officer, she is a member of New York Life’s Executive Management Committee. Prior to her role as CEO, she held a number of
leadership roles including Co-President from January 2014 to May 2015, Head of Institutional Investments from March 2012 to December 2013 and Head of Alternative Investments from November 2010 to March 2012. Prior to joining New York Life
Investment Management, Ms. Hung was a senior executive at several investment firms, having started her career in investment banking. Ms. Hung has served as a director/trustee for the fund complex of MainStay MacKay DefinedTerm Municipal
Opportunities Fund, MainStay Funds Trust, The Mainstay Funds and MainStay VP Funds Trust since January 2017. Ms. Hung has a B.S. in mechanical engineering from Northwestern University and an MBA from Harvard Business School.
Upon her appointment to the Board, Ms. Hung became entitled to receive an annual cash retainer in the amount of $50,000 and additional
annual cash retainers of $5,000 for her service on the Nominating and Governance Committee and $7,500 for her service on the Compensation Committee. In addition, pursuant to the Company’s 2013 Stock-Based Incentive Compensation Plan, as
amended, the Company grants Ms. Hung a restricted award of common stock of the Company having a fair market value of $115,000.
Additional information regarding Ms. Hung’s appointment as a director is contained in the press release attached hereto as Exhibit 99.1.