Gino P. Lucadamo
About Gino P. Lucadamo
Gino P. Lucadamo, 66, joined the Falcon’s Beyond Global, Inc. (FBYD) Board in September 2024 and serves as an independent director. He founded East Construction Management in 2010, sold it in 2024, and continued providing high-level advisory services through 2025, bringing hospitality and infrastructure execution expertise to the Board . He is currently a member of FBYD’s Audit Committee, with independence affirmed under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| East Construction Management | Founder and President | 2010–2025 | Sold in 2024; continues advisory/consulting services; experience across hospitality, private aviation, hospitals, medical schools, and private education |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| East Construction Management | Advisor/Consultant | 2024–2025 | Advisory post-sale; no other public company directorships disclosed in proxy |
Board Governance
- Independence: Affirmatively determined independent for Board and committee service under Nasdaq rules .
- Committee assignments: Audit Committee member; not listed on Compensation or Nominating and Corporate Governance Committees .
- Audit Committee engagement: Signed the Audit Committee Report alongside other independent directors, indicating active oversight of financial reporting and auditor independence .
- Attendance: In FY2024, the Board met 7 times; Audit Committee 7; no director attended fewer than 75% of the meetings for which they served (Lucadamo appointed in September 2024) .
- Executive sessions: Board and committees meet regularly without management present, supporting independent oversight .
- Hedging/pledging policy: Directors are prohibited from hedging or pledging FBYD securities, reducing misalignment risk .
- Clawback policy: Executive incentive compensation subject to clawback in event of restatement; while focused on executives, it underscores governance rigor overseen by the Board .
Fixed Compensation
| Component | FY2024 | FY2025 Program | Notes |
|---|---|---|---|
| Cash retainer | $0 | $50,000 | Cash fees commence in 2025 per non‑employee director program |
| RSUs (annual) | $18,904 (grant 12/26/2024) | $75,000 award value | FY2024 RSUs granted upon election; standard annual RSU awards for non‑employee directors in 2025 |
| Committee chair RSUs | N/A | Audit Chair $25,000; Comp Chair $15,000; N&G Chair $10,000 | Additional equity only for chairs; Lucadamo not disclosed as chair |
Performance Compensation
| Metric Category | Details |
|---|---|
| Performance metrics tied to director compensation | None disclosed; director RSUs are time‑based and vest on tenure rather than performance targets |
- Vesting detail (FY2024 grant): 2,146 RSUs granted on 12/26/2024 that vest 100% on the first anniversary of grant, subject to continued service .
- Outstanding RSUs at 12/31/2024: 2,146 for Lucadamo .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Overlap/Interlocks |
|---|---|---|---|
| None disclosed | — | — | Proxy does not disclose other public company boards for Lucadamo |
Expertise & Qualifications
- Sector experience: Execution in hospitality, private aviation, healthcare, and private education—relevant to FBYD’s resort/theme operations and capex oversight .
- Financial oversight: Audit Committee membership; Board determined Audit members are financially literate per Nasdaq rules .
- Governance posture: Participation in executive sessions; alignment with anti‑hedging/pledging standards .
Equity Ownership
| Holding Type | Shares | Ownership % | Notes |
|---|---|---|---|
| Class A Common | 0 | — | No Class A reported |
| Class B Common | 480,000 | Less than 1% | Beneficial ownership as of 6/16/2025; voting power included in combined class calculation |
| Unvested RSUs | 2,146 | — | Granted 12/26/2024; 100% vest at first anniversary; excluded from beneficial ownership within 60 days of record date |
- Pledging/Hedging: Prohibited for directors under Insider Trading Compliance Policy .
Governance Assessment
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Board effectiveness: Lucadamo adds independent voice with broad operational experience; active Audit Committee role and participation in executive sessions support oversight effectiveness .
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Alignment: Director pay leans toward equity (FY2025: $75k RSUs vs $50k cash), reinforcing shareholder alignment; FY2024 stock award upon appointment indicates early alignment effort .
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Engagement: FY2024 attendance thresholds met; Audit Committee responsibilities include reviewing related party transactions, a critical area for FBYD given affiliate financings .
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RED FLAGS (company-level exposures requiring vigilant Audit oversight):
- Related party financing concentrations with Infinite Acquisitions, which is indirectly managed by family members of the Executive Chairman (revolving credit and multiple loan conversions), raising potential conflict‑of‑interest risk despite formal policies and approvals .
- Katmandu Ventures loan (managed by the Executive Chairman’s adult stepdaughter) and interest deferrals/extensions, with $10.0 million principal and accrued interest outstanding as of 6/30/2025, indicating reliance on affiliates for liquidity .
- CEO‑affiliated entity leases (Penut Productions) for headquarters office space (terminated one lease in 2024), underscoring need for ongoing related‑party scrutiny .
- Auditor change to KPMG with prior Deloitte reports including going‑concern explanatory paragraphs and material weakness disclosures—signals heightened financial control and liquidity oversight needs for the Board/Audit Committee .
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Mitigations:
- Formal Related Person Transaction Policy with Audit Committee approval requirements; Audit Committee chartered responsibility for related party transactions and risk oversight .
- Anti‑hedging/pledging policy for directors; executive clawback policy providing recourse on incentive compensation in restatement scenarios .
Implication: While no personal conflicts are disclosed for Lucadamo, his Audit Committee role is pivotal given affiliate financing structures and prior going‑concern/material weaknesses, making his independence and meeting attendance critical for investor confidence in governance and financial oversight –.