Fermi Inc. Urges Shareholders to Revoke Consent for Neugebauer Special Meeting
Fermi Inc. (NASDAQ: FRMI) on June 22 mailed shareholders a letter urging them to return a WHITE Consent Revocation Card in response to a consent solicitation by former CEO Toby Neugebauer seeking to call a special shareholder meeting. The company disputed statements Neugebauer made on June 16.
Fermi Inc. on June 22 mailed shareholders a letter urging them to sign and return a WHITE Consent Revocation Card to block a consent solicitation by former Chief Executive Officer Toby Neugebauer seeking to call a special shareholder meeting.
The company, which operates as Fermi America and trades on NASDAQ and the London Stock Exchange under ticker FRMI, said the letter re-emphasizes that shareholders should revoke any prior consent and "sets the record straight on numerous inaccuracies" Mr. Neugebauer published on June 16, 2026. Fermi warned that "Mr. Neugebauer's pattern of falsehoods reinforce that he cannot be trusted to oversee Fermi" and that "his gaining control of the company would jeopardize shareholder value."
Continue reading
3 more paragraphs for subscribers.
Free readers get a daily preview and the weekly long-form. Premium unlocks every brief in full, AM & PM editions, alerts, and the archive.