Luis Antonio Marquez-Heine
About Luis Antonio Marquez-Heine
Independent director of MAQC since May 2021. He is an academic leader at EGADE Business School (Director, Center for Corporate Innovation and Entrepreneurship at Campus Santa Fe; Director, Full-Time MBA, since March 2017), with prior experience as a private equity fund manager (Bricapital and Mexico Hotel Platform, 2013–2017) and CEO of the Mexican Private Equity Association (2004–2013). Education: Bachelor’s in Law (UNAM) and Master in Public Administration (Harvard University) . As of the 2024 proxy, his age is listed as 58 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mexican Private Equity Association | Chief Executive Officer | 2004–2013 | Led industry association |
| Bricapital; Mexico Hotel Platform | Fund Manager (hospitality PE funds) | 2013–2017 | Investment and fund management |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| EGADE Business School (Tec de Monterrey) | Director, Center for Corporate Innovation and Entrepreneurship (Campus Santa Fe); Director, Full-Time MBA | Since Mar 2017 | Academic leadership |
| Hotels Misión (Mexico) | Independent board member; Head of Investment Committee | Not disclosed | Investment oversight |
| Serfimex Capital (Mexico) | Independent board member | Not disclosed | Board oversight |
| Exitus Credit (Mexico) | Independent board member | Not disclosed | Board oversight |
Board Governance
- Committee assignments and roles:
- Audit Committee: Member; committee comprises independent directors (Alvarez – Chair, Zorrilla, Marquez-Heine) and all meet Nasdaq and Rule 10A-3 independence standards .
- Compensation Committee: Chair; committee members are Marquez-Heine (Chair) and Alvarez .
- Director nominations handled by independent directors (including Marquez-Heine) given lack of a standing nominating committee; all such directors are independent under Nasdaq rules .
- Years on board: Director since May 2021 .
- Governance risk context (company-level): MAQC disclosed a failure to timely hold the 2023 annual meeting leading to a Nasdaq notice, with an exception granted to May 20, 2024 to regain compliance . The company also disclosed scrivener’s errors and Delaware filing remediation related to charter extensions and noted an SEC comment letter; stockholder approvals to extend were sought to February 7, 2026 .
Fixed Compensation
Pre-business combination, MAQC states directors and officers receive no cash compensation or fees; only reimbursement of reasonable out-of-pocket expenses (reviewed quarterly by the Audit Committee). No finder’s, consulting or similar fees are paid prior to a business combination .
| Component | Amount/Status |
|---|---|
| Annual retainer (cash) | $0 pre-business combination |
| Meeting fees | $0 pre-business combination |
| Committee membership/chair fees | $0 pre-business combination |
| Reimbursements | Out-of-pocket expenses reimbursed; Audit Committee quarterly review |
Performance Compensation
MAQC does not pay equity awards, options, or performance-linked compensation to directors prior to an initial business combination .
| Performance Element | Status |
|---|---|
| Stock/option awards | None pre-business combination |
| Performance metrics (EBITDA, TSR, ESG) | Not applicable; no performance pay disclosed |
| Clawback provisions | Not disclosed in proxy excerpts reviewed |
Other Directorships & Interlocks
- Current public company boards: None disclosed for Marquez-Heine in MAQC’s proxies .
- Private/Non-public: Hotels Misión (Investment Committee head), Serfimex Capital, Exitus Credit (board member) .
- Nominating function at MAQC: Independent directors (including Marquez-Heine) recommend nominees; no standing nominating committee .
- Potential interlocks/conflicts: None disclosed with MAQC’s counterparties; related-party oversight sits with the Audit Committee which must pre-approve related party transactions under its charter .
Expertise & Qualifications
- Legal and public policy training (UNAM Law; Harvard MPA) .
- Private equity and hospitality investment experience (fund manager roles; investment committee chair) .
- Academic leadership in entrepreneurship and innovation (EGADE) .
- Governance experience as Compensation Committee Chair and Audit Committee member; independence affirmed under Nasdaq and Rule 10A-3 .
Equity Ownership
| Item | Value |
|---|---|
| Total beneficial ownership (shares) | — (no shares reported) |
| Ownership as % of outstanding | — (no percentage reported) |
| Notes | Sponsor (Maquia Investments North America, LLC) controls the vast majority of shares; initial stockholders (sponsor, officers, directors) collectively around 92.74% at record date referenced; significant sponsor control over votes . Marquez-Heine individually reported no beneficial ownership in the table . |
Governance Assessment
- Positives for board effectiveness and investor alignment:
- Independent director with relevant investment, governance, and academic credentials; serves as Compensation Committee Chair and on the Audit Committee; Audit Committee independence and financial literacy disclosures in place .
- No pre-deal compensation reduces direct pay-related conflicts in a SPAC context; reimbursements subject to Audit Committee review .
- Audit Committee charter explicitly requires pre-approval of related party transactions, providing a procedural safeguard .
- Risks and potential red flags (company-level context rather than individual-specific):
- Sponsor and insiders’ collective voting power (~92.74%) can dominate outcomes, potentially reducing minority shareholder influence . Sponsor also holds extension-related promissory notes (aggregate principal $5,063,103), creating economic incentives around extensions and deal timing .
- Procedural/filing issues (scrivener’s error on extension date; Delaware filing remediation; SEC comment letter) and prior failure to timely hold an annual meeting (Nasdaq notice) indicate governance-process risk that can affect investor confidence, though not attributed specifically to Marquez-Heine .
- Net view: Marquez-Heine presents as an independent, committee-active director with capital markets and governance fluency; key alignment risk arises from minimal personal ownership and the sponsor-dominated cap table, which can overshadow independent directors’ influence on outcomes .
Notes on undisclosed items: MAQC’s proxies reviewed do not disclose director-specific attendance rates, hedging/pledging, say‑on‑pay results, or director‑level equity ownership guidelines for Marquez-Heine in the pre‑combination period. Where not disclosed, items are omitted per company filings.