FVAV Fortress Value Acquisition Corp. V - 8-K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 27, 2026, the Board
of Directors (the “Board”) of Fortress Value Acquisition Corp. V (the “Company”) appointed Karen Park to serve
as a director of the Company, effective immediately. The Board also appointed Ms. Park to serve as a member of the Audit Committee and
Compensation Committee, having previously determined that Ms. Park satisfied all applicable requirements to serve on each such committee,
including without limitation the applicable independence requirements of the Nasdaq Stock Market LLC and the Securities Exchange Act of
1934, as amended. Following the appointment of Ms. Park, the Company’s Audit Committee and Compensation Committee each consists
of Tripp Jones and Karen Park.

Ms. Park, age 52, is an attorney
at Zukerman Gore Brandeis & Crossman, LLP, a law firm based in New York where she serves as partner and advises companies, private
equity firms, and investment funds in complex restructuring and M&A transactions. Ms. Park has over 16 years of experience in finance
and investments across private equity, funds and liquidating portfolio companies. Ms. Park received her B.A. from the University of Waterloo,
J.D. from the University of Toronto and M.B.A. from Columbia Business School. Previously, she founded her own law firm that focused on
serving entrepreneurs, founders and investors in matters related to corporate bankruptcy, debt/equity restructuring and operational wind
down. Ms. Park is well-qualified to serve as a member of the Board due to her significant experience in finance and investing.

There are no arrangements
or understandings between Ms. Park and any other person pursuant to which she was elected as a director of the Company, and there are
no family relationships between Ms. Park and any of the Company’s other directors or executive officers.

In connection with Ms. Park’s
appointment, she and the Company entered into (i) an indemnification agreement and (ii) a joinder to each of the letter agreement and
the registration rights agreement, each dated as of February 25, 2026, entered into by the Company with its directors (and the other parties
thereto) in connection with the Company’s initial public offering. Each of the director indemnification agreement, the letter agreement
and the registration rights agreement was described in, and the forms of which were filed as exhibits to, the Company’s registration
statement relating to the Company’s initial public offering (File No. 333- 293340).

In connection with her
appointment as a director of the Company, Ms. Park will receive 30,000 founder shares from the Company’s sponsor, Fortress
Value Acquisition Sponsor V LLC.

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