Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 29, 2021, the Board of Directors (the "Board") of Corsair Gaming,
Inc. (the "Company") appointed Thi La and Sarah Mears Kim to the Board, with
both appointments effective as of December 29, 2021. Ms. La will serve as a
Class III director with a term expiring at the 2023 annual meeting of
stockholders and until her successor is elected and qualified or her earlier
death, resignation, disqualification, retirement or removal. Ms. Kim will serve
as a Class I director with a term expiring at the 2024 annual meeting of
stockholders and until her successor is elected and qualified or her earlier
death, resignation, disqualification, retirement or removal. The appointments of
Ms. La and Ms. Kim will fill the vacant seats created following the Board
approving the increase in its number of members from eight to ten.
Ms. La has served as the Company's President since January 2021 and as the
Company's Chief Operating Officer since August 2013. From May 2010 to August
2013, she served as the Company's Senior Vice President and General Manager of
the gaming PC component unit. Previously, from April 2008 to July 2010, Ms. La
served as the Vice President of Global Operations and Information Technology at
Opnext, Inc., a designer and manufacturer of optical transponders for
communications uses. From 1997 to 2008 she held various positions at HP,
including Director of Consumer Desktop PC, Display and Accessories for North
America. Ms. La holds a B.S. in Electrical Engineering from San Jose State
University.
Ms. Kim has served as Chief Financial and Business Officer of Archipelago, a
private AI-driven technology platform, since August 2021. Before joining
Archipelago, Ms. Kim worked at ICONIQ Capital's Family Office, where she served
as Senior Vice President, Head of Private Equity and Venture Capital from
September 2019 to August 2021 and the Head of Private Markets and Co-Investments
from February 2016 to September 2019. She previously worked in private equity
for the Stanford Management Company, holding positions of increasing authority
and responsibility, from August 2013 to February 2016. Ms. Kim also served on
the Board of Directors for ABR Reinsurance Capital Holdings Ltd., a
Bermuda-based insurance carrier, from March 2019 to September 2021. Ms. Kim
earned her B.S at Stanford University and her M.B.A. at the Wharton School of
the University of Pennsylvania.
Pursuant to the Company's non-employee director compensation program, as a
non-employee director, Ms. Kim will be granted (a) an option to purchase shares
of the Company's common stock (the "Common Stock"), that has an aggregate value
on the date of grant, which will be December 29, 2021 (the "Grant Date"), of
$50,000 (pro-rated for any partial time from Ms. Kim's start date through the
date of the next annual meeting), and (b) restricted stock units with an
aggregate value on the Grant Date of $50,000 (pro-rated for any partial time
from Ms. Kim's start date through the date of the next annual meeting). On the
date of each annual stockholder meeting, Ms. Kim will also receive an option to
purchase shares of Common Stock, which option will have an aggregate value on
the date of grant of $50,000, and restricted stock units with an aggregate value
on the date of grant of $50,000.
Each of Ms. La and Ms. Kim have no relationships requiring disclosure under Item
404(a) of Regulation S-K. Ms. La and Ms. Kim are not a party to any arrangement
or understanding with any other person pursuant to which they were selected as a
director.
In addition, Ms. Kim will enter into the Company's standard indemnification
agreement for directors and officers, the form of which was filed as
Exhibit 10.1 to the Company's Registration Statement on Form S-1 filed with the
SEC on August 21, 2020, as amended.
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