Marie Kim
About Marie Kim
Marie Kim was appointed to Falcon’s Beyond Global’s Board of Directors on August 28, 2025 and simultaneously joined the Audit, Compensation, and Nominating & Corporate Governance Committees; she will receive compensation under FBYD’s Non-Employee Director Compensation Program and enter the standard director Indemnification Agreement form used by the company . Audit Committee membership at FBYD is subject to SEC/Nasdaq independence requirements per the company’s governance framework, signaling the Board’s intent that she meet independence criteria; the company’s proxy details committee independence standards and responsibilities . Age, education, and prior biography are not disclosed in company filings reviewed as of this report .
Past Roles
- Not disclosed in FBYD’s 8-K and proxy filings reviewed; no biography or prior employment history provided for Ms. Kim to date .
External Roles
- Other public, private, or non-profit board roles for Ms. Kim are not disclosed in FBYD filings reviewed .
Board Governance
- Appointment and committee assignments: Audit Committee; Compensation Committee; Nominating & Corporate Governance Committee, effective August 28, 2025 .
- Independence framework: FBYD defines independence consistent with Nasdaq Rule 5605; Audit and Compensation Committee members must meet heightened independence standards under SEC/Nasdaq rules .
- Executive sessions: The Board and each standing committee regularly meet in executive session without management present .
- Attendance norms: In FY2024, no director attended fewer than 75% of Board and committee meetings; directors are expected to make best efforts to attend all Board/committee meetings and the annual meeting .
- Related party oversight: Audit Committee is responsible for reviewing and approving related person transactions under Item 404(a) and oversees risk management .
- Policies enhancing governance: Hedging/pledging of company stock is prohibited for directors, officers, and employees . Indemnification agreements for directors are in place . The company maintains an executive officer clawback policy per SEC/Nasdaq rules (scope applies to executive officers) .
Committee Assignments (current)
| Committee | Role | Effective Date |
|---|---|---|
| Audit | Member | Aug 28, 2025 |
| Compensation | Member | Aug 28, 2025 |
| Nominating & Corporate Governance | Member | Aug 28, 2025 |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer | $50,000 | Non-Employee Director Compensation Program commencing in fiscal 2025 |
| Committee chair RSU add-on (Audit) | $25,000 award value | Applicable only to committee chair; Ms. Kim is disclosed as member, not chair |
| Committee chair RSU add-on (Compensation) | $15,000 award value | Applicable only to committee chair |
| Committee chair RSU add-on (Nominating & CG) | $10,000 award value | Applicable only to committee chair |
Performance Compensation
| Component | Award Value | Vesting/Performance Metrics |
|---|---|---|
| Annual RSU grant (director) | $75,000 | Vesting schedule for non-employee director RSUs not specified in proxy; no performance-based metrics disclosed for director equity |
Other Directorships & Interlocks
| Company | Role | Interlock/Conflict Notes |
|---|---|---|
| None disclosed | — | No other boards or interlocks disclosed in FBYD filings reviewed |
Expertise & Qualifications
- Committee placements (Audit, Compensation, Nominating & CG) underscore expected competencies in financial oversight, pay governance, and board composition per FBYD’s Nominating & Corporate Governance Committee guidelines, which emphasize skills, financial expertise, industry knowledge, independence, and diversity in board composition .
- No specific technical or educational credentials for Ms. Kim are disclosed in FBYD filings reviewed .
Equity Ownership
- Beneficial ownership: Ms. Kim was appointed after the June 16, 2025 record date; she does not appear in the 2025 proxy’s beneficial ownership table and no holdings are disclosed yet for her .
- Hedging/pledging: Prohibited for directors under the Insider Trading Compliance Policy .
Governance Assessment
- Board effectiveness signal: Adding an Audit Committee member during a period when FBYD disclosed going concern language and material weaknesses improves independent oversight of financial reporting and related party transactions; the Audit Committee oversees these areas and risk management per charter .
- Independence/engagement: Committee roles that require independence under SEC/Nasdaq rules and regular executive sessions without management support robust governance practices .
- Compensation alignment: Director pay skews toward equity via annual RSU grants ($75k), which can improve alignment, complemented by a modest cash retainer ($50k); chair add-ons apply only if a director holds a chair role (not disclosed for Ms. Kim) .
- Conflicts oversight: FBYD has extensive related party financing arrangements involving major shareholders and affiliates; Audit Committee review under the Related Person Transactions Policy places heightened importance on Ms. Kim’s role in mitigating conflict risk and safeguarding minority shareholders .
RED FLAGS to monitor:
- Ongoing auditor change with prior going concern explanatory paragraphs; ensure robust Audit Committee engagement and remediation of material weaknesses .
- Concentrated ownership and multiple related party transactions (Infinite Acquisitions, Katmandu Ventures, CilMar); continue rigorous related party reviews .
- Clawback scope limited to executive officers; while standard, directors’ equity has no disclosed performance conditions; monitor for any repricing/modification of awards .