Fermi co-founder Neugebauer urges June 30 town hall, presses board for strategic alternatives vote ahead of shareholder meeting

Fermi Inc.

Fermi Inc.

FRMI

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  • Fermi co-founder Toby Neugebauer proposed a June 30 town hall webinar with co-founders Rick Perry and Griffin Perry ahead of a shareholder vote.
  • Neugebauer is pressing for a shareholder vote to loosen board control, citing a 70% supermajority threshold to expand the board.
  • He urged an independent, banker-led strategic alternatives review for Project Matador, including a dual-track process that could include a change-of-control deal.
  • The board has declined to run that process, setting up a direct contest over governance and strategy before investors cast ballots.


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