President Simon Philips resigns, enters separation agreement; Marie Kim appointed to board

Falcon's Beyond Global, Inc.

Marie Kim appointed to board and to Audit, Nominating & Governance, and Compensation committees effective August 28, 2025.
Simon Philips resigned as President and Director on August 28, 2025.
Philips enters garden leave through Dec 31, 2025; continues $486,720 base salary and receives $84,240 remaining 2024 bonus.
Philips remains non-executive employee during garden leave; releases all claims against the company.
Agreement includes non-disparagement and five-year D&O insurance coverage for Philips.

item 5.02

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