Enrique Klix
About Enrique Klix
Independent director at TLGY Acquisition Corp (OTC: TLGYF) since December 27, 2024, with 30+ years across turnaround operations, M&A, capital markets, and restructuring in Australia, Europe, and Latin America. Former Senior VP at McKinsey’s recovery/transformation practice, CFO/Deputy CEO at McColl’s Transport, and General Manager at Orora Cartons Australia; prior investment banking at Salomon Smith Barney and Dresdner Kleinwort Benson. Holds a degree in Economics (Universidad Católica Argentina) and an MBA (University of Cambridge) . TLGY’s board classifies Klix as independent under Nasdaq/SEC rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| McKinsey & Co. (Australia/NZ) | Senior Vice President, recovery & transformation | 2014–2016 | Turnaround advisory across sectors |
| McColl’s Transport | CFO and Deputy CEO | 2009–2014 | Led turnaround; won TMA “Turnaround of the Year” (2012) |
| Orora Cartons Australia (ASX: ORA) | General Manager | Jan 2019–Jul 2020 | Operational/commercial/financial turnaround before sale to Nippon Paper |
| Salomon Smith Barney / Dresdner Kleinwort Benson (London) | Investment banker (TMT) | ~10 years (prior to Australia move) | Led IPO/SPOs and M&A incl. Enel, EDP, CCU |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Integral Acquisition Corporation 1 (Nasdaq: INTE) | CEO; later also CFO | CEO since Feb 2021; CFO since Jun 5, 2025 | SPAC pursuing ~$300M merger with Flybondi (LATAM LCC) |
| Klix II Pty. Ltd. | Director | Not disclosed | Corporate directorship |
| Early-stage investor (TrademarkVision, Groundfloor/Last K Ventures, Miso Robotics) | Investor/advisor | Not disclosed | Supported TrademarkVision’s 2018 sale to Clarivate Analytics |
Board Governance
- Committee assignments: Chair, Compensation Committee; member, Compensation Committee; member, Nominating & Corporate Governance Committee .
- Independence: Board determined Klix is independent per Nasdaq/SEC rules .
- Tenure on TLGY board: Since December 27, 2024 .
- Attendance: Not disclosed in filings; no director meeting attendance rates found [Search no result].
Fixed Compensation
| Component | Amount | Period | Notes |
|---|---|---|---|
| Annual cash retainer | None disclosed prior to business combination | N/A | TLGY states “no compensation of any kind…will be paid…prior to consummation of an initial business combination” |
| Committee chair/member fees | None disclosed prior to business combination | N/A | As above |
| Meeting fees | None disclosed prior to business combination | N/A | As above |
Performance Compensation
| Component | Metric(s) | Grant Details | Vesting | Notes |
|---|---|---|---|---|
| Equity awards (RSUs/PSUs/options) | N/A | None disclosed for directors pre-business combination | N/A | SPAC policy indicates no compensation (incl. equity) paid prior to de-SPAC |
Other Directorships & Interlocks
| Company | Industry | Role | Potential Interlock/Conflict Consideration |
|---|---|---|---|
| Integral Acquisition Corporation 1 (INTE) | SPAC | CEO/CFO/Director | Dual SPAC leadership can create time/attention conflicts or deal flow overlaps; monitor for any transactions involving overlapping counterparties |
Expertise & Qualifications
- Turnaround and operational leadership (Orora, McColl’s) .
- Restructuring and transformation consulting (McKinsey) .
- Capital markets and M&A (London investment banking; TMT/energy/consumer) .
- Education: Economics (Universidad Católica Argentina); MBA (Cambridge) .
Equity Ownership
| Holder | Class A Shares | Class B (Founder) Shares | Ownership % (Class A) | Ownership % (Class B) |
|---|---|---|---|---|
| Enrique Klix | 0 | 0 | 0% | 0% |
- Record date share counts: 3,717,207 Class A and 5,750,000 Class B outstanding .
- Sponsors/insiders control: Sponsors and insiders collectively had ~54% of ordinary shares via Founder Shares at record date, indicating concentrated voting power .
- Sponsor transfer arrangements: TLGY’s 10-K notes sponsors agreed to transfer 20,000 Founder Shares to each independent director appointed after June 19, 2024 (including Klix); check execution timing versus record date (beneficial table shows 0 for Klix) .
Insider Trades
| Filing Type | Filer | Date | Security | Notes/Link |
|---|---|---|---|---|
| Form 3 (Initial) | Klix, Enrique | Jun 20, 2024 | TLGY securities | Form 3 filed upon appointment |
| Form 4 (Transactions) | Klix, Enrique | N/A | N/A | No Form 4 trades found 2024-06-01 to 2025-11-20 (insider-trades skill) |
Governance Assessment
-
Strengths:
- Independent status with deep operational turnaround and capital markets expertise; chairs Compensation Committee and contributes to Nominating/Governance oversight .
- No reported share ownership as of March 31, 2025 record date (avoids conflicted voting from founder stake), though sponsor transfer agreements contemplate future founder shares—monitor execution and vesting conditions .
-
Risks / RED FLAGS:
- Dual SPAC leadership at INTE while serving on TLGY’s board may present potential conflicts and attention constraints; investors should watch for overlapping counterparties or advisory relationships across both vehicles .
- Sponsor/insider control: Sponsors and insiders collectively held ~54% via Founder Shares at the record date, which can sway governance outcomes and reduce minority influence—heightened scrutiny on independent committee oversight is warranted .
- Founder share transfer arrangements to independent directors (20,000 each) can align incentives to complete a de-SPAC but may dilute economic alignment with public holders; transparency on transfer timing, restrictions, and voting is critical .
-
Compensation governance:
- SPAC policy discloses no director/officer compensation prior to business combination; Compensation Committee remit mainly activates at/after de-SPAC (designing incentive/equity plans, pay disclosure, independence of advisors). Oversight quality will matter post-transaction .
-
Related-party / indemnification:
- Company uses indemnity agreements for officers and directors; agreements feature advancement of expenses, contribution protections, and trust account waivers (no recourse to trust), standard in SPACs—limits cash protections until de-SPAC .
Notes on Disclosures
- Attendance rates, director meeting fees, stock ownership guidelines, pledging, clawbacks, severance/change-of-control terms for directors: not disclosed in reviewed filings; continue monitoring the next proxy post-business combination [Search no result] .