Core Viewpoint - Turtle Beach Corporation has secured a waiver under its existing debt agreement, allowing for share repurchases of up to $5 million before June 30, 2025, as part of a new $75 million authorization, reflecting confidence in its balance sheet and long-term outlook [1][2] Financial Actions - The company will pay down $5 million of its outstanding term loan debt facility as part of the amendment to its debt agreement [1] - Discussions are ongoing to refinance the outstanding loan balance on improved terms, with updates to be provided at an appropriate time [2] Company Overview - Turtle Beach Corporation is a leading provider of gaming accessories, known for its best-selling gaming headsets, top-rated game controllers, and award-winning PC gaming peripherals [3] - The company acquired Performance Designed Products LLC in 2024, further expanding its product offerings [3] - Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol TBCH [3]

Core Viewpoint - Turtle Beach Corporation has adopted a limited duration stockholder rights plan to protect stockholders and enhance the value of their investments [1][2][4] Summary by Sections Rights Plan Adoption - The Board of Directors has approved a stockholder rights plan, declaring a dividend distribution of one right for each outstanding share of common stock, with a record date of June 23, 2025 [1][2] - The Rights Plan is designed to allow stockholders to realize the full potential value of their investments and to protect against actions deemed not in the best interests of the Company [2][4] Rights Plan Mechanism - The Rights become exercisable if a person or group acquires 10% or more of the Company's common stock without Board approval, allowing existing Right holders to purchase shares at a value of twice the exercise price [3] - In the event of a merger after such an acquisition, Right holders can purchase shares of the acquiring company at a similar valuation [3] Special Meeting Clause - The Rights Plan includes a clause allowing stockholders to call a special meeting to exempt a pending offer that meets specific criteria [4] - The plan is not a response to any specific takeover bid and does not aim to deter fair offers [4] Existing Stockholders - Current stockholders owning 10% or more of the Company's stock will not face penalties under the Rights Plan as long as they do not acquire additional shares cumulatively [5] Additional Information - Further details regarding the Rights Plan will be filed with the U.S. Securities and Exchange Commission and will be available on the Company's corporate website [6]

Company Overview - Turtle Beach Corporation is a leading gaming accessories brand known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories [3] - The company has been a market leader in console gaming audio for over a decade and acquired Performance Designed Products LLC in 2024 [3] - Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol TBCH [3] Upcoming Events - Cris Keirn, Chief Executive Officer, and Mark Weinswig, Chief Financial Officer, will participate in a fireside chat at the Maxim Group 2025 Virtual Tech Conference on June 4 at 2:00 p.m. ET [1] - A live webcast of the event will be available on the company's website, with a replay accessible for two weeks [2]

Core Viewpoint - Turtle Beach Corporation will report its financial results for Q1 2025 on May 8, 2025, after market close [1] Group 1: Financial Reporting - The financial results will be discussed in a conference call and audio webcast at 5:00 PM ET / 2:00 PM PT on the same day [2] - The call will be hosted by the CEO Cris Keirn and CFO Mark Weinswig [2] Group 2: Conference Call Information - The live webcast will be accessible on the Company's "Events & Presentations" page [3] - Participants can join the call by dialing 1-877-407-0792 or 1-201-689-8263, with a recommendation to call in 15 minutes early [3] Group 3: Replay Information - A telephone replay of the call will be available until May 22, 2025, accessible by dialing 1-844-512-2921 or 1-412-317-6671 with passcode 13752645 [4] - A replay of the webcast will also be available on the investor relations website for a limited time [4] Group 4: Company Overview - Turtle Beach Corporation is a leading provider of gaming accessories, known for its best-selling gaming headsets and other gaming peripherals [5] - The Company acquired Performance Designed Products in 2024, enhancing its product offerings [5] - Turtle Beach has been a market leader in console gaming audio for over a decade, recognized for innovation and customer support [5]