SEC Form SC 13G/A filed by Turtle Beach Corporation (Amendment)

$HEAR
Telecommunications Equipment
Telecommunications
Get the next $HEAR alert in real time by email
SC 13G/A 1 tv02127-turtlebeachcorp.htm SCHEDULE 13G/A turtlebeachcorp

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934
(Amendment No.: 2)*

Name of issuer:  Turtle Beach Corp

Title of Class of Securities:  Common Stock

CUSIP Number:  900450206

Date of Event Which Requires Filing of this Statement: December 29, 2023

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on the following page(s))

 

 

13G

CUSIP No.:  900450206

1.  NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

The Vanguard Group - 23-1945930

2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP

A. 

B.  X

3.  SEC USE ONLY

4.  CITIZENSHIP OF PLACE OF ORGANIZATION

Pennsylvania

(For questions 5-8, report the number of shares beneficially owned by each reporting person with:)

5.  SOLE VOTING POWER

0

6.  SHARED VOTING POWER

7,458

7.  SOLE DISPOSITIVE POWER

657,218

8.  SHARED DISPOSITIVE POWER

14,028

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

671,246

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

N/A

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

3.86%

12.  TYPE OF REPORTING PERSON

IA

 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G
Under the Securities Act of 1934

Item 1(a) - Name of Issuer:

Turtle Beach Corp

Item 1(b) - Address of Issuer's Principal Executive Offices:

44 South Broadway, 4th Floor
White Plains, NY 10601

Item 2(a) - Name of Person Filing:

The Vanguard Group - 23-1945930

Item 2(b) – Address of Principal Business Office or, if none, residence:

100 Vanguard Blvd.
Malvern, PA 19355

Item 2(c) – Citizenship:

Pennsylvania

Item 2(d) - Title of Class of Securities:

Common Stock

Item 2(e) - CUSIP Number

900450206

Item 3 - Type of Filing:

This statement is being filed pursuant to Rule 13d-1.  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

Item 4 - Ownership:

  (a) Amount Beneficially Owned:

  (b) Percent of Class:

 

 

(c)  Number of shares as to which such person has:

(i)  sole power to vote or direct to vote:  

(ii)  shared power to vote or direct to vote:  

(iii)  sole power to dispose of or to direct the disposition of:  

(iv)  shared power to dispose or to direct the disposition of:  

Comments:

The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.  

Item 5 - Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person:

The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.

No one other person's interest in the securities reported herein is more than 5%.

Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company:

Not applicable

Item 8 - Identification and Classification of Members of Group:

Not applicable

Item 9 - Notice of Dissolution of Group:

Not applicable

Item 10 - Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  February 13, 2024

By /s/ Ashley Grim
Name: Ashley Grim
Title:  Head of Global Fund Administration

Get the next $HEAR alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$HEAR

DatePrice TargetRatingAnalyst
8/9/2024$17.00Perform → Outperform
Oppenheimer
5/5/2023$10.00 → $16.00Buy
Maxim Group
11/28/2022$18.00Buy
ROTH Capital
8/9/2022$25.00 → $14.00Buy → Neutral
DA Davidson
8/9/2022Outperform → Perform
Oppenheimer
5/17/2022$27.00Neutral → Outperform
Wedbush
3/4/2022$34.00 → $30.00Buy
Stifel
3/1/2022$27.00 → $24.00Outperform → Neutral
Wedbush
More analyst ratings

$HEAR
Press Releases

Fastest customizable press release news feed in the world

See more
  • Turtle Beach Corporation Announces Ticker Symbol Update to "TBCH"

    WHITE PLAINS, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories provider, today announced that it will update its ticker symbol to "TBCH" effective January 7, 2025. This change reflects Turtle Beach's evolution and ongoing growth as a dominant force in the broader gaming accessories market. "Our new ‘TBCH' ticker symbol represents more than just adaptation of our market identity," said Cris Keirn, CEO, Turtle Beach Corporation. "It signifies our growth, innovation, and strong strategic execution as a leader across multiple gaming accessory categories, including the successful integration of PDP. As we continue to expand our portfo

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook

    – Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Highlights Net revenue was $94.4 million, an increase of 60% compared to the prior year period.Net in

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Corporation to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024

    WHITE PLAINS, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the third quarter 2024 on Thursday, November 7, 2024 after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer. Conference Call InformationThe live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebe

    $HEAR
    Telecommunications Equipment
    Telecommunications

$HEAR
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$HEAR
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$HEAR
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$HEAR
SEC Filings

See more

$HEAR
Leadership Updates

Live Leadership Updates

See more
  • Turtle Beach Corporation Appoints Libby Bush to Board of Directors

    WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today announced the appointment of Libby Bush, Global Head of Media & Entertainment Partnerships at leading entertainment and sports agency, Creative Artists Agency (CAA), to its board of directors (the "Board") as an independent director, effective immediately. Following her election to the Board, Ms. Bush has been added as a member of its Compensation Committee. With Ms. Bush's appointment, the Board now includes a total of nine directors. In addition, William Wyatt, who has served as an independent board member since 2023, has been named Chair of

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Board of Directors Takes Additional Steps to Optimize Governance Best Practices

    Amends the Cooperation Agreement with Donerail; William Wyatt to be Added to Additional Governance Committees and Waives Replacement Rights for Outgoing Director Highlights Significant Recent Improvements Made by the Refreshed Turtle Beach Board of Directors in Furtherance of Its Commitment for Best-in-Class Corporate Governance Turtle Beach Corporation (NASDAQ:HEAR, the ", Company", ))), a leading gaming headset and audio accessory brand, continues to take actions to further its mission for best-in-class Corporate Governance. The Board of Directors ("Board") announced today a waiver agreement under the May 13, 2022, Cooperation Agreement signed between the Board and one of its largest s

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Appoints Cris Keirn as Interim CEO

    Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) announced today the appointment of Cris Keirn as interim Chief Executive Officer (CEO), effective July 1, 2023. Mr. Keirn will succeed Juergen Stark, who has served as CEO since 2012, and is working with Mr. Stark to ensure a seamless transition. As previously announced, the Turtle Beach Board of Directors is engaged in a comprehensive search for a permanent CEO, and Mr. Keirn will continue to be a strong candidate for that role. "In his role as Senior Vice-President, Global Sales for Turtle Beach since 2016, Cris and his team have significantly strengthened our global omni-channel execution and delivered nearly $2 bill

    $HEAR
    Telecommunications Equipment
    Telecommunications

$HEAR
Financials

Live finance-specific insights

See more
  • Turtle Beach Corporation Announces Third Quarter 2024 Results and Raises Full Year Outlook

    – Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Highlights Net revenue was $94.4 million, an increase of 60% compared to the prior year period.Net in

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Corporation to Report Third Quarter 2024 Financial Results on Thursday, November 7, 2024

    WHITE PLAINS, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the third quarter 2024 on Thursday, November 7, 2024 after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer. Conference Call InformationThe live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebe

    $HEAR
    Telecommunications Equipment
    Telecommunications
  • Turtle Beach Corporation Announces Second Quarter 2024 Results and Raises Full Year Outlook

    – Second Quarter Net Revenue of $76.5 million, up 59% Year-over-Year –– Raising Full Year 2024 Guidance on Continued Execution Strength –– Repurchased $15 Million of Common Shares in the Second Quarter –– Highlight Intention to Continue Share Repurchases at Attractive Price Levels – WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Net revenue was $76.5 million, an increase of 59% compared to the prior year period.Net loss was $(7.5) million or ($0.35) per share compared to a net loss of ($15.9)

    $HEAR
    Telecommunications Equipment
    Telecommunications

$HEAR
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more