{"success":true,"data":{"pressRelease":{"id":"41288","rtpr_id":"nGNX2v6DDp","ticker":"TBCH","exchange":"NASDAQ","all_tickers":["TBCH"],"title":"Turtle Beach Corporation Announces CFO Transition","author":"Globe Newswire","published_at":"2026-05-20T20:15:00.478Z","article_body":"Andrew Clipsham Named Interim Chief Financial Officer\n\nCompany Reaffirms Full Year 2026 Financial Guidance\n\nSAN DIEGO, May 20, 2026 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq:\nTBCH, the “Company” or “Turtle Beach”), a leading gaming accessories\nbrand, today announced that Andrew Clipsham, Turtle Beach’s Senior Director\nof Finance, has been appointed interim Chief Financial Officer effective June\n15, 2026. Clipsham will succeed Mark Weinswig as the Company has undertaken a\nsearch for a permanent Chief Financial Officer. Weinswig will stay with the\nCompany through June 15 to ensure a seamless transition.\n\nMr. Clipsham has led Turtle Beach’s international finance organization since\n2019, overseeing the Company's financial operations including financial\nreporting, accounting operations, and internal controls. He brings over 20\nyears of global financial experience to the role, having previously served in\nleadership positions at PepsiCo, SABMiller, Sony Europe and HJ Heinz.\n\n“Andrew is a highly respected financial executive with deep institutional\nknowledge of our business,” said Cris Keirn, Chief Executive Officer of\nTurtle Beach. “Mark made meaningful contributions to Turtle Beach during his\ntenure, and on behalf of the Board and the leadership team, I want to thank\nhim for his dedication and wish him well. With Andrew’s outstanding\nleadership and strong command of our financial operations, our team will\ncontinue to execute without interruption as we evolve our finance leadership\nto match the Company’s next phase of growth.”\n\nThe Company’s financial operations and strategic priorities remain fully on\ntrack. Today, Turtle Beach reaffirmed its full year 2026 financial guidance of\nnet revenue in the range of $335 million to $355 million and Adjusted EBITDA\nin the range of $44 million to $48 million as previously announced in the\nfirst quarter 2026 earnings release issued on May 7, 2026.\n\nAbout Turtle Beach Corporation \nTurtle Beach Corporation (the “Company”) (corp.turtlebeach.com\n(https://www.globenewswire.com/Tracker?data=SGSyLTHBd8L1JipYAAMGpgqTiIPvfepYSiKoe4SZtxtJiC3gE92CzdC4QowBkGahK-sSmGbInfMzRv7bLpEwwKGAP3GJCjL3nEmxaW4ZtcDxJ3PH-SAf2lXoK9sUjv9QeGowg38_AiCiIjIu0t1W3H2bXKS3ZULxQntQpCVqiNrtQ6_ja_Z5EOipt1lft88eZciogeu5MsT6nLw_7mnYhuLGLqoD0hWlHC85w59K5nADannaGLGGHYmA5PeeL5sEJ-nJPpcLVOIchFC8geu9BtSIGUUHBbT1UNTKJEeME0FXZgri151Ja1Uui_PZde4BlZ_l-BPksjhs-jKwvB5sjQ==))\nis one of the world’s leading gaming accessory providers. The Company’s\nnamesake Turtle Beach brand (www.turtlebeach.com) is known for designing\nbest-selling gaming headsets, top-rated game controllers, award-winning PC\ngaming peripherals, and groundbreaking gaming simulation accessories. Turtle\nBeach’s top-rated, fan-favorite Victrix brand is well-respected and favored\nby pro gamers in esports and the fighting game community. Innovation,\nfirst-to-market features, a broad range of products for all types of gamers,\nand top-rated customer support have made Turtle Beach a fan-favorite brand and\nthe market leader in console gaming audio for over a decade. Turtle Beach’s\nshares are traded on the Nasdaq Exchange under the symbol: TBCH.\n\nCautionary Note on Forward-Looking Statements\nThis press release includes forward-looking information and statements within\nthe meaning of the federal securities laws. Except for historical information\ncontained in this release, statements in this release may constitute\nforward-looking statements regarding assumptions, projections, expectations,\ntargets, intentions, or beliefs about future events. Statements containing the\nwords “may”, “could”, “would”, “should”, “believe”,\n“expect”, “anticipate”, “plan”, “estimate”, “target”,\n“goal”, “project”, “intend” and similar expressions, or the\nnegatives thereof, constitute forward-looking statements. Forward-looking\nstatements are only predictions and are not guarantees of performance.\nForward-looking statements involve known and unknown risks and uncertainties,\nwhich could cause actual results to differ materially from those contained in\nany forward-looking statement. The inclusion of such information should not be\nregarded as a representation by the Company, or any person, that the\nobjectives of the Company will be achieved. Forward-looking statements are\nbased on management’s current beliefs and expectations, as well as\nassumptions made by, and information currently available to, management.\n\nWhile the Company believes that its expectations are based upon reasonable\nassumptions, there can be no assurances that its goals and strategy will be\nrealized. Numerous factors, including risks and uncertainties, may affect\nactual results and may cause results to differ materially from those expressed\nin forward-looking statements made by the Company or on its behalf. Some of\nthese factors include, but are not limited to, risks related to trade\npolicies, including the imposition of tariffs on imported goods and other\ntrade restrictions, the release and availability of successful game titles,\nmacroeconomic conditions affecting the demand for our products, logistic and\nsupply chain challenges and costs, dependence on the success and availability\nof third-parties to manufacture and manage the logistics of transporting and\ndistributing our products, the substantial uncertainties inherent in the\nacceptance of existing and future products, the difficulty of commercializing\nand protecting new technology, the impact of competitive products and pricing,\ngeneral business and economic conditions, risks associated with the expansion\nof our business including the integration of any businesses we acquire and the\nintegration of such businesses within our internal control over financial\nreporting and operations, our indebtedness, liquidity, and other factors\ndiscussed in our public filings, including the risk factors included in the\nCompany’s most recent Annual Report on Form 10-K, Quarterly Report on Form\n10-Q, and the Company’s other periodic reports filed with the Securities and\nExchange Commission. Except as required by applicable law, including the\nsecurities laws of the United States and the rules and regulations of the\nSecurities and Exchange Commission, the Company is under no obligation to\npublicly update or revise any forward-looking statement after the date of this\nrelease whether as a result of new information, future developments or\notherwise.\n\nCONTACTS\n\nInvestor Information:\nICR\ntbch@icrinc.com\n\nCorporate Communication & Media:\nKim DeNapoli\nSVP, Head of Brand\nTurtle Beach Corporation\nkim.denapoli@turtlebeach.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f8a9689c-6753-486d-b902-84d519018cbe)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2v6DDp","title":"Turtle Beach Corporation Announces CFO Transition","author":"Globe Newswire","ticker":"TBCH","created":"2026-05-20T20:15:00.478Z","tickers":["TBCH"],"exchange":"NASDAQ","article_body":"Andrew Clipsham Named Interim Chief Financial Officer\n\nCompany Reaffirms Full Year 2026 Financial Guidance\n\nSAN DIEGO, May 20, 2026 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq:\nTBCH, the “Company” or “Turtle Beach”), a leading gaming accessories\nbrand, today announced that Andrew Clipsham, Turtle Beach’s Senior Director\nof Finance, has been appointed interim Chief Financial Officer effective June\n15, 2026. Clipsham will succeed Mark Weinswig as the Company has undertaken a\nsearch for a permanent Chief Financial Officer. Weinswig will stay with the\nCompany through June 15 to ensure a seamless transition.\n\nMr. Clipsham has led Turtle Beach’s international finance organization since\n2019, overseeing the Company's financial operations including financial\nreporting, accounting operations, and internal controls. He brings over 20\nyears of global financial experience to the role, having previously served in\nleadership positions at PepsiCo, SABMiller, Sony Europe and HJ Heinz.\n\n“Andrew is a highly respected financial executive with deep institutional\nknowledge of our business,” said Cris Keirn, Chief Executive Officer of\nTurtle Beach. “Mark made meaningful contributions to Turtle Beach during his\ntenure, and on behalf of the Board and the leadership team, I want to thank\nhim for his dedication and wish him well. With Andrew’s outstanding\nleadership and strong command of our financial operations, our team will\ncontinue to execute without interruption as we evolve our finance leadership\nto match the Company’s next phase of growth.”\n\nThe Company’s financial operations and strategic priorities remain fully on\ntrack. Today, Turtle Beach reaffirmed its full year 2026 financial guidance of\nnet revenue in the range of $335 million to $355 million and Adjusted EBITDA\nin the range of $44 million to $48 million as previously announced in the\nfirst quarter 2026 earnings release issued on May 7, 2026.\n\nAbout Turtle Beach Corporation \nTurtle Beach Corporation (the “Company”) (corp.turtlebeach.com\n(https://www.globenewswire.com/Tracker?data=SGSyLTHBd8L1JipYAAMGpgqTiIPvfepYSiKoe4SZtxtJiC3gE92CzdC4QowBkGahK-sSmGbInfMzRv7bLpEwwKGAP3GJCjL3nEmxaW4ZtcDxJ3PH-SAf2lXoK9sUjv9QeGowg38_AiCiIjIu0t1W3H2bXKS3ZULxQntQpCVqiNrtQ6_ja_Z5EOipt1lft88eZciogeu5MsT6nLw_7mnYhuLGLqoD0hWlHC85w59K5nADannaGLGGHYmA5PeeL5sEJ-nJPpcLVOIchFC8geu9BtSIGUUHBbT1UNTKJEeME0FXZgri151Ja1Uui_PZde4BlZ_l-BPksjhs-jKwvB5sjQ==))\nis one of the world’s leading gaming accessory providers. The Company’s\nnamesake Turtle Beach brand (www.turtlebeach.com) is known for designing\nbest-selling gaming headsets, top-rated game controllers, award-winning PC\ngaming peripherals, and groundbreaking gaming simulation accessories. Turtle\nBeach’s top-rated, fan-favorite Victrix brand is well-respected and favored\nby pro gamers in esports and the fighting game community. Innovation,\nfirst-to-market features, a broad range of products for all types of gamers,\nand top-rated customer support have made Turtle Beach a fan-favorite brand and\nthe market leader in console gaming audio for over a decade. Turtle Beach’s\nshares are traded on the Nasdaq Exchange under the symbol: TBCH.\n\nCautionary Note on Forward-Looking Statements\nThis press release includes forward-looking information and statements within\nthe meaning of the federal securities laws. Except for historical information\ncontained in this release, statements in this release may constitute\nforward-looking statements regarding assumptions, projections, expectations,\ntargets, intentions, or beliefs about future events. Statements containing the\nwords “may”, “could”, “would”, “should”, “believe”,\n“expect”, “anticipate”, “plan”, “estimate”, “target”,\n“goal”, “project”, “intend” and similar expressions, or the\nnegatives thereof, constitute forward-looking statements. Forward-looking\nstatements are only predictions and are not guarantees of performance.\nForward-looking statements involve known and unknown risks and uncertainties,\nwhich could cause actual results to differ materially from those contained in\nany forward-looking statement. The inclusion of such information should not be\nregarded as a representation by the Company, or any person, that the\nobjectives of the Company will be achieved. Forward-looking statements are\nbased on management’s current beliefs and expectations, as well as\nassumptions made by, and information currently available to, management.\n\nWhile the Company believes that its expectations are based upon reasonable\nassumptions, there can be no assurances that its goals and strategy will be\nrealized. Numerous factors, including risks and uncertainties, may affect\nactual results and may cause results to differ materially from those expressed\nin forward-looking statements made by the Company or on its behalf. Some of\nthese factors include, but are not limited to, risks related to trade\npolicies, including the imposition of tariffs on imported goods and other\ntrade restrictions, the release and availability of successful game titles,\nmacroeconomic conditions affecting the demand for our products, logistic and\nsupply chain challenges and costs, dependence on the success and availability\nof third-parties to manufacture and manage the logistics of transporting and\ndistributing our products, the substantial uncertainties inherent in the\nacceptance of existing and future products, the difficulty of commercializing\nand protecting new technology, the impact of competitive products and pricing,\ngeneral business and economic conditions, risks associated with the expansion\nof our business including the integration of any businesses we acquire and the\nintegration of such businesses within our internal control over financial\nreporting and operations, our indebtedness, liquidity, and other factors\ndiscussed in our public filings, including the risk factors included in the\nCompany’s most recent Annual Report on Form 10-K, Quarterly Report on Form\n10-Q, and the Company’s other periodic reports filed with the Securities and\nExchange Commission. Except as required by applicable law, including the\nsecurities laws of the United States and the rules and regulations of the\nSecurities and Exchange Commission, the Company is under no obligation to\npublicly update or revise any forward-looking statement after the date of this\nrelease whether as a result of new information, future developments or\notherwise.\n\nCONTACTS\n\nInvestor Information:\nICR\ntbch@icrinc.com\n\nCorporate Communication & Media:\nKim DeNapoli\nSVP, Head of Brand\nTurtle Beach Corporation\nkim.denapoli@turtlebeach.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f8a9689c-6753-486d-b902-84d519018cbe)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-20T20:15:00.518783683Z","server_sent_at_ms":1779308100518},"received_at":"2026-05-20T20:15:00.603Z","source_url":null},"analysis":{"id":"30730","press_release_id":"41288","analysis_json":{"industry":{"label":"Interactive Media & Services","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"executive_change","narrative":"Turtle Beach appointed Senior Director of Finance Andrew Clipsham as interim CFO, effective June 15, 2026, succeeding Mark Weinswig.\n\nThe company is conducting a search for a permanent CFO, while Weinswig remains through the transition date to ensure continuity.\n\nManagement reaffirmed its full-year 2026 financial guidance, projecting net revenue between $335 million and $355 million and Adjusted EBITDA between $44 million and $48 million.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine interim CFO appointment with guidance reaffirmation; low signal for active trading."},"keyFigures":{"guidance":"FY2026 net revenue $335M-$355M; Adjusted EBITDA $44M-$48M"},"quotedText":"Andrew is a highly respected financial executive with deep institutional knowledge of our business","namedEntities":{"people":[{"name":"Andrew Clipsham","role":"Interim Chief Financial Officer"},{"name":"Mark Weinswig","role":"Outgoing Chief Financial Officer"},{"name":"Cris Keirn","role":"Chief Executive Officer"},{"name":"Kim DeNapoli","role":"SVP, Head of Brand"}],"products":["gaming headsets","game controllers","PC gaming peripherals","gaming simulation accessories","Victrix"],"companies":[{"name":"Turtle Beach Corporation","ticker":"TBCH","relationship":"filer"},{"name":"PepsiCo","relationship":"former employer of Andrew Clipsham"},{"name":"SABMiller","relationship":"former employer of Andrew Clipsham"},{"name":"Sony Europe","relationship":"former employer of Andrew Clipsham"},{"name":"HJ Heinz","relationship":"former employer of Andrew Clipsham"}],"dollarAmounts":[{"amount":"$335 million","context":"low end of FY2026 net revenue guidance"},{"amount":"$355 million","context":"high end of FY2026 net revenue guidance"},{"amount":"$44 million","context":"low end of FY2026 Adjusted EBITDA guidance"},{"amount":"$48 million","context":"high end of FY2026 Adjusted EBITDA guidance"}]},"materialImpact":{"score":2,"reasoning":"Routine internal promotion of an interim CFO to replace a departing executive. The company explicitly reaffirmed its full-year financial guidance, mitigating uncertainty. This is a standard corporate governance update with no negative operational signals."},"tickerRelevance":{"others":[],"primary":"TBCH"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"interim executive change","sectorWeight":"gaming peripherals","guidanceReaffirmation":"neutral signal"}},"event_type":"executive_change","event_type_secondary":["guidance_update"],"sentiment":"neutral","material_impact_score":2,"narrative":"Turtle Beach appointed Senior Director of Finance Andrew Clipsham as interim CFO, effective June 15, 2026, succeeding Mark Weinswig.\n\nThe company is conducting a search for a permanent CFO, while Weinswig remains through the transition date to ensure continuity.\n\nManagement reaffirmed its full-year 2026 financial guidance, projecting net revenue between $335 million and $355 million and Adjusted EBITDA between $44 million and $48 million.","key_figures":{"guidance":"FY2026 net revenue $335M-$355M; Adjusted EBITDA $44M-$48M"},"named_entities":{"people":[{"name":"Andrew Clipsham","role":"Interim Chief Financial Officer"},{"name":"Mark Weinswig","role":"Outgoing Chief Financial Officer"},{"name":"Cris Keirn","role":"Chief Executive Officer"},{"name":"Kim DeNapoli","role":"SVP, Head of Brand"}],"products":["gaming headsets","game controllers","PC gaming peripherals","gaming simulation accessories","Victrix"],"companies":[{"name":"Turtle Beach Corporation","ticker":"TBCH","relationship":"filer"},{"name":"PepsiCo","relationship":"former employer of Andrew Clipsham"},{"name":"SABMiller","relationship":"former employer of Andrew Clipsham"},{"name":"Sony Europe","relationship":"former employer of Andrew Clipsham"},{"name":"HJ Heinz","relationship":"former employer of Andrew Clipsham"}],"dollarAmounts":[{"amount":"$335 million","context":"low end of FY2026 net revenue guidance"},{"amount":"$355 million","context":"high end of FY2026 net revenue guidance"},{"amount":"$44 million","context":"low end of FY2026 Adjusted EBITDA guidance"},{"amount":"$48 million","context":"high end of FY2026 Adjusted EBITDA guidance"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-20T20:18:28.706Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap","eventGravity":"interim executive change","sectorWeight":"gaming peripherals","guidanceReaffirmation":"neutral signal"}},"durationMs":65471,"modelName":"george-droid-qwen-72b"}}