Elizabeth Bush
About Elizabeth B. Bush
Elizabeth B. Bush, age 42, is an independent director of Turtle Beach (TBCH) and has served on the Board since July 24, 2024; she is a member of the Compensation Committee. She is currently Global Head of Media and Entertainment Partnerships at Creative Artists Agency (CAA) and previously founded Tandem Investment Holdings (acquired by CAA in 2020). Bush holds a B.A. in rhetoric and communication studies from the University of Richmond .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Creative Artists Agency (CAA) | Global Head of Media & Entertainment Partnerships | Jun 2024–Present | Leads global partnerships; also an agency board member since Apr 2024 . |
| Tandem Investment Holdings | Founder & Chief Executive Officer | Mar 2015–Nov 2020 | Built and sold to CAA; strategic growth and creative partnerships . |
| Marvel Entertainment (Disney) | Head of Global Promotions | Apr 2012–Mar 2015 | Led global promotions across franchises . |
| ABC (American Broadcasting Company) | Director of Marketing & Strategic Partnerships | May 2009–Apr 2012 | Marketing partnerships for broadcast portfolio . |
| Los Angeles Sparks (WNBA) | Director of Marketing | Sep 2007–May 2009 | Team marketing leadership . |
| National Basketball Association (NBA) | Team Marketing & Business Operations | Sep 2004–Sep 2007 | League/team marketing operations . |
External Roles
| Organization | Role | Type | Tenure/Notes |
|---|---|---|---|
| Creative Artists Agency (CAA) | Agency Board Member | Private | Since Apr 2024 . |
| IMPACT Learning Institute | Advisory Board Member | Non-profit/Academic | Current . |
| Female Founder Collective | Adviser | Non-profit/Network | Current . |
| Athletes Unlimited | Media Advisory Board Member | Sports/Private | Prior role . |
Board Governance
- Status: Independent director under Nasdaq rules; Board determined Bush, among others, to be independent .
- Committees: Compensation Committee member (Chair: William Wyatt) .
- Appointment history: Appointed July 24, 2024 as Replacement Director pursuant to the Company’s 2022 Cooperation Agreement with The Donerail Group; her candidacy was recommended under that agreement .
- Board & committee activity: Board met 15 times in 2024, with regular executive sessions of non-management directors; each then‑serving incumbent director attended at least 75% of Board and committee meetings in 2024 (Bush joined mid‑year) . The Compensation Committee met 12 times in 2024 .
- Conflicts/Related party: Audit Committee oversees related‑party transactions; policy requires review/approval; no material legal proceedings involving directors and no family relationships disclosed .
- ESG oversight: Nominating & Governance Committee oversees ESG; not Bush’s committee .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Cash Fees | $25,040 | Pro‑rated for partial-year service starting 7/24/2024 . |
| Standard Annual Cash Retainer (Reference) | $50,000 | Non‑employee director baseline; supplemental fees for committee roles apply . |
| Compensation Committee Member Retainer (Reference) | $7,500 | Annual, pro‑rated upon appointment . |
Performance Compensation
- Structure: Non‑employee director equity is time‑based restricted stock, not performance‑conditioned; annual grants typically vest after one year (pro‑rated on mid‑year appointment) .
- 2024 Grants to Bush: Pro‑rated restricted stock on appointment.
| Grant Date | Award Type | Shares | Grant-Date Fair Value | Vesting |
|---|---|---|---|---|
| Jul 24, 2024 | Restricted Stock | 4,805 | $73,180 | Vests Apr 1, 2025 . |
Other Directorships & Interlocks
- Current public company directorships: None disclosed for Bush .
- Interlocks: Compensation Committee Interlocks and Insider Participation section reports no interlocking relationships in 2024; Bush is not and was not an officer of the Company .
- Activism/Cooperation Agreement context: Bush appointed as Replacement Director recommended by The Donerail Group; the Compensation Committee is chaired by Donerail’s Managing Partner (Wyatt) .
Expertise & Qualifications
- Nearly 25 years in media and entertainment marketing, strategic partnerships, and growth initiatives; extensive management and board experience .
- Prior leadership at Disney/Marvel and ABC; founder/operator experience via Tandem; league/team sports marketing background (NBA/WNBA) .
- Education: B.A., University of Richmond .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total Beneficial Ownership (as of Apr 11, 2025) | 16,425 shares | <1% of outstanding . |
| Unvested Restricted Stock (as of Dec 31, 2024) | 4,805 shares | Grant 7/24/2024; vest 4/1/2025 . |
| Stock Ownership Guidelines | 3x annual cash retainer within 5 years | Applies to non‑employee directors . |
| Hedging/Pledging | Prohibited by policy | Hedging and pledging of Company stock are prohibited for directors . |
| Section 16(a) Compliance | No delinquency disclosed for Bush | Company noted one late Form 4 for CEO; none stated for Bush . |
Governance Assessment
- Strengths
- Independent director with deep media/partnerships expertise valuable for TBCH’s brand and licensing strategies .
- Strong board processes: regular executive sessions; at least 75% attendance among then‑serving directors in 2024; robust committee workload (Comp Committee met 12x) .
- Alignment mechanisms: director stock awards and stock ownership guidelines; anti‑hedging/pledging policies .
- Watch items / Potential red flags
- Appointment linked to The Donerail Group’s Cooperation Agreement and service on the Compensation Committee chaired by Donerail’s Managing Partner may raise perceived independence concerns despite Nasdaq independence determination .
- Company is in an active value‑creation posture (Value Enhancement Committee met 89 times in 2024), heightening scrutiny of director independence and decision‑making, though Bush is not on that committee .
- No director‑specific related‑party transactions disclosed for Bush; Audit Committee retains oversight of any such matters .
Overall: Bush brings relevant partnership/brand expertise and is formally independent, with standard director pay and alignment policies. Given her Donerail‑linked appointment and Compensation Committee role under a Donerail chair, investors should monitor compensation decisions, independence assertions, and any future related‑party or activist‑driven changes to ensure continued alignment with all shareholders .