Scott Demerau
About Scott Demerau
Scott Demerau (age 63) serves as Executive Chairman and Class I director of Falcon’s Beyond Global (FBYD), a role he has held since the October 2023 business combination that took the company public; he holds a B.S. in Business from Ferris State University . He co‑founded Falcon’s Beyond Global, LLC (April 2021) and previously led Katmandu Group and Producciones de Parques S.L., with a career in location‑based entertainment dating back to 1985 and the Mountasia/Malibu Grand Prix chain . The company highlights his and his family’s continuing control position post‑listing and subsequent updates; FBYD’s filings state the Demerau family controls over 55% of voting power, underscoring governance/control dynamics for investors . The proxies and filings do not disclose TSR, revenue growth or EBITDA growth attributed to his tenure; investors should focus on post‑SPAC execution (OES acquisition/integration and attractions ramp) rather than formulaic P4P metrics for Demerau specifically .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Falcon’s Beyond Global, Inc. | Executive Chairman; Director (Class I) | Oct 2023–present | Led transition to public company; ongoing strategic oversight |
| Falcon’s Beyond Global, LLC | Executive Chairman; Board of Managers | Apr 2021–Oct 2023 | Built platform prior to business combination |
| Katmandu Group | Chairman & CEO | Since 2013 | Expanded Katmandu IP and JV with Meliá Hotels International |
| Producciones de Parques, S.L. | Co‑founder; President | Since 2005 | Developed House of Katmandu (Mallorca), precursor to Katmandu Park |
| Fantasy Golf Development Co. / Mountasia Entertainment Int’l | Co‑founder; later Chairman & CEO | From 1985; IPO 1993 | Built 24‑location chain; later acquired Malibu Grand Prix (>20 locations) |
External Roles
No additional public company directorships or external board roles for Demerau are disclosed in the latest proxies; his historical operating roles are noted above .
Fixed Compensation
Notes: FBYD reports that executive officers who serve on the board (including Demerau) do not receive director fees; amounts below reflect compensation for service as executive officers. Detailed base salary/bonus breakdowns for Demerau are not provided; “All Other” includes typical benefits (e.g., 401(k), healthcare) per proxy footnotes for NEOs.
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Cash Compensation ($) | 477,872 | 477,872 |
| All Other Compensation ($) | 26,275 | 15,942 |
| Total ($) | 504,147 | 493,734 |
Performance Compensation
- Company equity plan and structure (general, not specific to Demerau): FBYD adopted the 2023 Equity Incentive Plan; initial “Day 1” RSU awards to certain executives vest 15%/17.5%/20%/22.5%/25% on each of the first through fifth anniversaries of the grant date, subject to continued service; additional 2024 RSUs followed a similar schedule for the Chief Legal Officer . Outstanding NEO award table shows RSUs for Bruce Brown and Simon Philips; no RSU/option awards for Demerau are disclosed .
- Short‑term incentives and performance metrics: The company uses discretionary bonuses for executives other than certain founders; no formulaic revenue/EBITDA/TSR metrics or targets are disclosed for Demerau .
- Clawback: Executive clawback policy compliant with SEC/Nasdaq requires recoupment of excess incentive comp after a restatement (3 prior fiscal years) .
Equity Ownership & Alignment
FBYD’s 2024–2025 proxies show Demerau with no directly reported beneficial holdings under SEC rules, while related family entities and affiliates hold significant stakes. Company filings and risk factors emphasize family voting control dynamics.
| Holder/Entity (as of June 16, 2025) | Class A Shares | Class A % | Class B Shares | Class B % | Total Voting Power % | Relationship/Notes |
|---|---|---|---|---|---|---|
| Infinite Acquisitions Partners LLC | 24,686,868 | 67.2% | 24,150,368 | 29.0% | 40.3% | Managed via Infinite Manager (board includes Demerau family members; not individually a beneficial owner per footnote) |
| Katmandu Ventures, LLC | 2,095,087 | 5.6% | 29,066,097 | 34.7% | 25.7% | Managed by Jill K. Markey (adult step‑daughter of Demerau); includes earnout shares subject to EBITDA/revenue and stock price milestones; voting subject to stockholder agreement |
| Judith E. Demerau | 2,586,535 | 6.9% | — | — | 2.1% | Trust holdings disclosed; spouse of Scott Demerau |
| Tillman’s Corner Trust | 2,531,733 | 6.8% | — | — | 2.0% | Disclosed 13D holder |
| Scott Demerau | — | — | — | — | — | No directly reported beneficial ownership; company/family retains control per filings |
Additional alignment/controls:
- Pledging/hedging: Company policy prohibits directors/officers from hedging, holding in margin accounts, or pledging FBYD securities as collateral .
- Earnouts: Family‑linked entities hold earnout shares that vest on EBITDA/gross revenue milestones (through Dec 31, 2024) and on volume‑weighted average Class A price milestones in 2024–2029; voting on escrowed shares subject to stockholder agreements .
- Concentrated control: Q3’25 10‑Q reiterates Demerau family controls over 55% of voting power, a key governance factor .
Employment Terms
| Item | Status |
|---|---|
| Employment agreement for Demerau | Not disclosed in 2024/2025 proxies or 8‑K excerpts reviewed . |
| Severance / Change-in-control | 2025 proxy states none of the named executive officers (not including Demerau) have severance/CIC rights; no specific terms disclosed for Demerau . |
| Non‑compete / Non‑solicit | Not disclosed for Demerau in reviewed filings . |
| Clawback | Company‑wide executive clawback policy in place (SEC/Nasdaq compliant) . |
| Hedging/Pledging | Prohibited for directors/officers under Insider Trading Policy . |
Board Governance
- Role and tenure: Executive Chairman, Class I director; term runs to 2027 annual meeting . The board is classified into three classes .
- Committees: Demerau does not sit on Audit, Compensation, or Nominating & Governance; all committees are comprised of independent directors (Beall, Bostwick, Lucadamo) .
- Independence and structure: Board annually affirms independence for named independent directors; Executive Chair/CEO/President are management directors. Board regularly holds executive sessions without management present; committees also meet in executive session .
- Attendance: In 2024, no director attended fewer than 75% of board and committee meetings .
| Governance Element | Details |
|---|---|
| Board leadership | Separate Executive Chairman (Demerau) and CEO (Magpuri); board retains flexibility to combine/separate roles . |
| Committee composition | Audit/Comp/N&G fully independent; Demerau not a member . |
| Director compensation | Non‑employee directors: $50k cash retainer (from 2025), $75k annual RSUs; chair RSU premia ($25k Audit, $15k Comp, $10k N&G). Executive directors (incl. Demerau) receive no director fees; their comp is reported under executive pay . |
Director Compensation (for context; Demerau treated as executive)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Demerau – reported as “executive officer” comp (not director fees) | Total $504,147 (Cash $477,872; All Other $26,275) | Total $493,734 (Cash $477,872; All Other $15,942) |
Performance & Track Record
| Event/Metric | Period | Notes |
|---|---|---|
| Nasdaq listing via SPAC | Oct 2023 | Closed business combination with FAST II; >$100M gross proceeds to support growth strategy . |
| Post‑closing control characterization | 2023–2024 | Reverse‑recap accounting; Demerau family continued controlling interest under GAAP . |
| OES acquisition and integration | 2025 | OES acquisition announced; integration and legacy product risks highlighted in filings [13]. |
Related Party Transactions (governance red flags to monitor)
- April 2024: Term loan agreement with Katmandu Ventures (managed by Demerau’s adult step‑daughter) for ~$7.2M at 8.875% to Falcon’s Opco; funds used partly to repay credit facility; ~$7.3M outstanding as of April 26, 2024 .
- Share transfers/Installment sale: Infinite Acquisitions’ installment sale of Class A shares to Infinite Acquisitions Partners LLC—Founder Series; decision structure includes Demerau family members on the manager’s board; voting control retained by Infinite Acquisitions until delivery of tranches .
Compensation Structure Analysis (pay-for-performance levers)
- Mix and guarantees: Disclosure does not provide Demerau’s base/bonus targets; reported cash comp appears flat YoY; no disclosed formulaic performance metrics tied to his pay .
- Equity incentives: No Demerau‑specific grants are disclosed; the company’s RSU framework for other executives is long‑dated (5‑year back‑loaded vesting), favoring retention but not tightly linked to annual revenue/EBITDA goals .
- Clawback and hedging/pledging: Strong compliance posture reduces misalignment/hedging risk .
- Peer benchmarking: Mercer engaged; peer group constituents and target percentile not disclosed .
Equity Ownership & Alignment Details (trading/pressure signals)
- Earnout structures tied to EBITDA/revenue and VWAP through 2029 can catalyze management focus on milestone thresholds; they may also create event‑driven trading dynamics as vesting conditions approach or are met .
- Insider selling pressure: No Form 4 analysis included here; company policy prohibits pledging/margin which mitigates forced‑sale risk . Beneficial ownership tables indicate highly concentrated family‑linked holdings and trusts, a factor for liquidity/float and governance .
Employment Terms (Severance/CIC Economics)
- NEOs have no severance or CIC protections per 2025 proxy; Demerau’s individual employment/severance terms are not disclosed, implying limited parachute risk visibility for investors .
Investment Implications
- Control and alignment: The Demerau family’s >55% voting power concentrates control and enables long‑term strategy execution, but raises minority shareholder governance risk; independent committees and an anti‑hedging/pledging policy partially mitigate concerns .
- Pay transparency: Sparse disclosure on Demerau’s base/bonus/equity metrics limits pay‑for‑performance assessment; reported cash comp is stable, while company‑wide RSUs emphasize retention over near‑term performance linkage .
- Related‑party exposure: Related‑party financing (Katmandu Ventures) and complex earnout/shareholder agreements warrant ongoing monitoring for conflicts and capital allocation discipline .
- Execution risk: Strategic milestones (SPAC close, OES acquisition) are meaningful, but integration and attractions ramp pose operating risk; governance structure should ensure rigorous oversight of capital deployment and M&A integration .