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Parametric Sound merges with Turtle Beach

Parametric Sound Corp. (NASDAQ: PAMT) said it has completed its merger with privately-held Turtle Beach, a market leader in video game audio.

In connection with the merger, Parametric Sound issued shares of common stock to the former Turtle Beach stockholders.

Juergen Stark will serve as CEO of the combined company. Stark joined Turtle Beach as CEO in September 2012. Prior to joining Turtle Beach, Stark served as chief operating officer for Motorola Mobility Holdings, Inc.´s Mobile Devices business through the sale of that business to Google in 2012.

John Hanson will serve as chief financial officer of the combined company. Hanson joined Turtle Beach as CFO in October 2013. Prior to joining Turtle Beach, he spent more than 20 years in senior financial leadership positions, including serving as chief financial officer with publicly traded companies.

Parametric Sound is an audio technology company that markets innovative products under the Turtle Beach and HyperSound brands.


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