Ignacio Figueras
FuboTVAbout Ignacio “Nacho” Figueras
Ignacio “Nacho” Figueras is an independent director of Fubo (fuboTV Inc.), serving since August 2020; he is 48 years old and brings first-hand sports industry insight as a world-class Argentinian polo player, entrepreneur, spokesperson, investor, and philanthropist . He is not currently assigned to any board committees and has been affirmed by the Board as independent under NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ralph Lauren and Ralph Lauren Fragrances | Global spokesperson | 2000–2019 | Brand ambassador experience; consumer marketing exposure |
| Figueras Design Group (with Estudio Ramos) | Co‑founder | Since 2013 | Global design consultancy founding; creative/operational leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Black Watch Polo Team | Captain and co‑owner | Since 2004 | Elite sports leadership and team operations |
| Cria Yatay (horse breeding) | Owner | Since 2004 | Global breeding operation; equine asset management |
| The Ignacio Figueras Collection | Luxury fragrance developer (in collaboration with Flavors & Fragrances) | Not disclosed | Consumer brand creation |
| Flow Water | Investor and Advisory Board member | Not disclosed | Premium wellness water brand; advisory role |
Board Governance
- Board size: 7 directors (David Gandler, Edgar Bronfman Jr., Ignacio Figueras, Julie Haddon, Neil Glat, Daniel Leff, Laura Onopchenko) .
- Independence: Board determined Figueras is independent; committees (Audit, Compensation, Nominating & Corporate Governance) are 100% independent .
- Committee assignments: Figueras currently serves on no board committees .
- Attendance: The Board met 19 times in 2024; all directors attended at least 75% of board and committee meetings; all directors then serving attended the 2024 annual meeting .
- Executive sessions: Independent directors hold regular executive sessions; committee chairs preside on a rotating basis .
- Lead Independent Director: Company does not currently have a Lead Independent Director; guidelines allow appointment when the Chair is not independent .
Fixed Compensation
| Component | Policy Amount | 2024 Actual for Figueras |
|---|---|---|
| Annual cash retainer (non‑employee director) | $50,000 per year | $50,000 fees earned |
| Committee chair/member retainers | Audit: Chair $30,000; Member $12,500. Compensation: Chair $20,000; Member $9,500. Nominating: Chair $15,000; Member $6,000 (policy since Aug 7, 2023) | $0 (no committee service) |
| Chairman of the Board cash retainer | $50,000 (for Chair role) | Not applicable to Figueras |
Performance Compensation
| Equity Feature | Figueras Terms | Notes |
|---|---|---|
| Annual equity grant (form) | RSUs; policy value $228,000 grant-date value | Annual awards made in RSUs unless otherwise determined |
| 2024 stock award (grant-date fair value) | $211,454 | ASC 718 grant-date fair value |
| Initial equity award (upon joining Board) | RSUs or options; value $330,000 | RSUs vest in three annual installments; options vest monthly over 36 months |
| Vesting schedule (annual RSUs) | Vest fully on earlier of first anniversary of grant or day immediately prior to next annual meeting, subject to service | Time-based; no performance metrics for director equity |
| Change in control treatment | Director RSU awards accelerate and vest in full on change in control (2020 Plan definition), subject to service through the date | Plan also provides broader acceleration if awards are not assumed/substituted |
| Director equity award limit | Max $750,000 per fiscal year; $1,500,000 in initial year | GAAP grant-date value basis |
| Clawback & anti‑repricing | Awards subject to clawback policy; repricing of options/SARs prohibited without shareholder approval | |
| Anti‑hedging/pledging | Company prohibits hedging; highlights “No Hedging/Pledging of Company Stock” in compensation practices |
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards | None disclosed in biography |
| Private company/non‑profit roles | As listed under External Roles (sports, consumer, advisory) |
| Interlocks/related roles | Board notes Figueras previously served as a consultant to Fubo (2020–2022); independence affirmed |
Expertise & Qualifications
- Sports industry expertise and global athlete brand experience, bringing consumer marketing and fan engagement perspectives to a sports-first streaming platform .
- Entrepreneurial and design/business leadership through ownership and founding of sports and design enterprises .
- Independent governance status; no current committee responsibilities noted .
Equity Ownership
| Metric | Amount | Detail |
|---|---|---|
| Total beneficial ownership | 534,202 shares; <1% of outstanding | Beneficial ownership percent calculated vs 341,539,797 shares |
| Components (within 60 days of Apr 22, 2025) | 66,132 options exercisable | Listed as currently exercisable within 60 days |
| Components (within 60 days of Apr 22, 2025) | 179,198 RSUs vesting | RSUs scheduled to vest within 60 days |
| Direct holdings | 288,872 shares | Held in individual capacity |
| Hedging/pledging status | Hedging prohibited by policy; no pledging disclosed |
Governance Assessment
- Alignment and ownership: Figueras holds 534,202 shares beneficially (options, near-term vesting RSUs, and direct shares), which supports some alignment though position size remains below 1% of shares outstanding .
- Independence and attendance: Board affirmed independence; all directors met ≥75% attendance in 2024, with 19 board meetings held and full attendance at the 2024 annual meeting, supporting engagement .
- Committee influence: No committee assignments, limiting direct role in audit, pay, or nominations oversight; this can reduce governance leverage versus peers with committee chairs or memberships .
- Prior related relationship: Served as a consultant to Fubo (2020–2022); Board still determined independence and states no director had a direct or indirect material interest in related relationships during 2024, mitigating conflict concerns .
- Policy safeguards: Robust anti‑hedging policy, clawback, and prohibition on option/SAR repricing, plus explicit annual limits on director equity awards, support investor-aligned governance practices .
- Say‑on‑pay context: Broader governance environment showed 89% support for 2024 say‑on‑pay, indicating shareholder comfort with compensation practices and responsiveness to feedback, though this pertains to executive pay, not director pay specifically .
RED FLAGS to monitor: absence of committee roles (oversight influence), and the historical consulting relationship (ensure continued independence and no related‑party transactions), even as 2024 disclosures report no material director interests in related relationships .