Iraida Que De Vera joins Falcon’s Beyond (NASDAQ: FBYD) board
Rhea-AI Filing Summary
Falcon’s Beyond Global, Inc. expanded its Board of Directors from five to six members and appointed Iraida Que De Vera as a new director, effective February 17, 2026. She will receive standard non-employee director compensation and enter into the company’s customary indemnification agreement.
Before joining the board, an entity she controls bought 691,563 Class A shares from a major shareholder at $7.23 per share, with those shares restricted from transfer for 30 months starting January 12, 2026, subject to limited permitted transfers. The company states there are no related-party transactions or special arrangements tied to her selection. A press release announcing her appointment was also issued.
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8-K Event Classification
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective February 17, 2026, the Board of Directors (the “Board”) of Falcon’s Beyond Global, Inc. (the “Company”) increased the number of directors on the Board from five to six and elected Iraida Que De Vera to serve as a director of the Company.
Upon joining the Board, Iraida Que De Vera will be entitled to receive compensation under the Company’s Non-Employee Director Compensation Program, approved by the Board in December 2023 as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on April 29, 2024.
Iraida Que De Vera will enter into an Indemnification Agreement with the Company in the same form as its other directors have entered, which is filed with the Securities and Exchange Commission (the “SEC”) as Exhibit 10.3 to its Current Report on Form 8-K filed on October 12, 2023.
Prior to joining the Board, an entity controlled by Iraida Que De Vera purchased 691,563 shares of Class A common stock of the Company from Katmandu Ventures, LLC, a greater than 10% shareholder of the Company, for an aggregate purchase price per share of $7.23. Such entity agreed to subject such shares to restrictions on transfer for a period of thirty (30) months commencing on January 12, 2026, subject to customary carve-outs for transfers to affiliates, gifts, and for estate planning purposes provided that the permitted transferee agrees to be bound by such transfer restrictions.
Other than described above, Iraida Que De Vera is not a party to any material plan, contract or arrangement with the Company, nor has any other material plan, contract or arrangement to which she is a party been modified as a result of Iraida Que De Vera’s appointment described above. There is no arrangement or understanding between Iraida Que De Vera and any other person pursuant to which she was selected as an director of the Company and there are no family relationships between Iraida Que De Vera and any of the Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Iraida Que De Vera has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure
On February 17, 2026, the Company issued a press release announcing the addition of Iraida Que De Vera to the Board. A copy of the press release is furnished as Exhibit 99.1 hereto.
The information being furnished in this under this Item 7.01 of this Current Report, including the accompanying Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description | |
| 99.1 | Press Release dated February 17, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: February 17, 2026 | FALCON’S BEYOND GLOBAL, INC. | |
| By: | /s/ Bruce A. Brown | |
| Name: | Bruce A. Brown | |
| Title: | Chief Legal Officer and Corporate Secretary | |
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Exhibit 99.1
Falcon’s Beyond Appoints Iraida Que De Vera to Board of Directors
Orlando, FL (February 17, 2026) — Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond”, “Falcon’s”, or the “Company”), a visionary leader in innovative and immersive storytelling today announced the appointment of Iraida Que De Vera to the Company’s Board of Directors.
Iraida Que De Vera is the Founder and CEO of Amor Maximus, a private family office and strategic advisory platform focused on real estate, capital stewardship, and multigenerational legacy planning. Iraida Que De Vera has built a decades-long career as a top-producing real estate broker, successfully navigating multiple international markets including Las Vegas, Vancouver, Milan, Manila, and various areas in California, to name a few. In her senior roles, she has supported cross-border expansion of diversified business portfolios across the United States and Asia.
“Iraida Que brings a remarkable blend of real estate insight and global development expertise to our board,” said Cecil D. Magpuri, CEO of Falcon’s Beyond. “Her experience guiding complex projects across the U.S. and Asia and her genuine passion for creating meaningful experiences will be invaluable. We’re truly excited to welcome her to the board.”
“I am honored to join the Falcon’s Beyond Board of Directors at such an exciting moment for the Company,” said Iraida Que De Vera. “Falcon’s is redefining how immersive experiences and destinations come together to create lasting value for families, communities, and partners. I look forward to supporting the Company’s bold vision and contributing to its continued success as a member of the Board of Directors.”
About Falcon’s Beyond
Falcon’s Beyond is a visionary innovator in immersive storytelling, sitting at the intersection of three potential high growth business opportunities: content, technology, and experiences. Falcon’s Beyond propels intellectual property (IP) activations concurrently across physical and digital experiences through three core business units:
Falcon’s Creative Group creates master plans, designs attractions and experiential entertainment, and produces content, interactives, and software.
Falcon’s Beyond Destinations develops a diverse range of entertainment experiences using both Falcon’s Beyond owned and third party licensed intellectual property, spanning location-based entertainment, dining, and retail.
Falcon’s Beyond Brands endeavors to bring brands and intellectual property to life through animation, movies, licensing and merchandising, gaming as well as ride and technology sales.
Falcon’s Beyond also invents immersive rides, attractions, and technologies for entertainment destinations around the world.
FALCON’S BEYOND and its related trademarks are owned by Falcon’s Beyond.
Falcon’s is headquartered in Orlando, Fla. Learn more at falconsbeyond.com.
Contact:
Media Relations:
Toni Caracciolo
tcaracciolo@falconsbeyond.com