Falcon's Beyond announces 20% stock dividend, cancellation of 17.5M earnout shares, appoints new director

Falcon's Beyond Global, Inc.

Stock dividend of 0.2 shares per Class A share payable Dec 17, 2024 to holders of record Dec 10, 2024; ~2.0M Class A and 11.5M Class B shares to be issued.
17.5 million performance-based earnout shares (437,500 Class A, 17,062,500 Class B/units) forfeited and cancelled to eliminate liability overhang.
Gino P. Lucadamo appointed to Board and Audit Committee effective Sept 30, 2024.
Earnout shares tied to stock price targets remain outstanding; only performance-based earnout cancelled.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gino P. Lucadamo

Director

FBYD · Falcon's Beyond Global, Inc.

Effective: 2024-09-30
Filed: October 2, 2024, 7:59 PM ET

Effective September 30, 2024, the Board of Directors (the “Board”) of Falcon’s Beyond Global, Inc. (the “Company”) increased the number of directors on the Board from six to seven and elected Gino P. Lucadamo to serve as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gino P. Lucadamo was elected as Director at Falcon's Beyond Global, Inc..

Action: elected
Role: Director

Exact text from the filing

Effective September 30, 2024, the Board of Directors (the “Board”) of Falcon’s Beyond Global, Inc. (the “Company”) increased the number of directors on the Board from six to seven and elected Gino P. Lucadamo to serve as a director of the Company.

View on SEC.gov

Falcon's Beyond Global, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-084389

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.