STOCK TITAN

Founder group seeks special meeting at Fermi Inc. (FRMI) via Schedule 14A

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
DFAN14A

Rhea-AI Filing Summary

FERMI INC. participants led by Toby R. Neugebauer filed a definitive proxy statement on Schedule 14A seeking agent designations to call a special meeting of shareholders.

The filing states the Participants uploaded materials to www.UnlockFermiValue.com on June 11, 2026 and June 12, 2026 and urges shareholders to read the proxy materials on http://www.sec.gov. Mr. Neugebauer beneficially owns 146,516,035 shares, composed of 44,656,376 shares held by Vicksburg Investments Management LLC, 94,359,659 shares held by the Melissa A. Neugebauer 2020 Trust, and 7,500,000 shares underlying RSUs that vested on his termination without cause.

Positive

  • None.

Negative

  • None.

Insights

Activist-led solicitation seeks shareholder meeting via agent designations.

The Participants have filed a definitive Schedule 14A and supporting materials to solicit agent designations for a special meeting; the filing is procedural but signals organized shareholder action. The disclosure includes exact ownership stakes and web links for proxy materials.

Key dependencies include the Participants' ability to collect agent designations and any required solicitation thresholds; subsequent filings will show voting mechanics and meeting timing.

Founder-affiliated group controls a large, disclosed stake and is coordinating a campaign.

Mr. Neugebauer and affiliated entities report a combined beneficial ownership of 146,516,035 shares, which the filing quantifies by entity. The filing publicly frames a campaign to convene a special meeting and provides an online hub for materials.

Impact depends on how many shareholders appoint agents; future proxy filings should show agent designation totals and any contested proposals.

Materials uploaded June 11, 2026 and June 12, 2026 Dates materials were uploaded to UnlockFermiValue.com
Neugebauer beneficial ownership 146,516,035 shares Total beneficially owned reported in the filing
Vicksburg Investments stake 44,656,376 shares Shares beneficially owned by Vicksburg Investments Management LLC
Melissa A. Neugebauer 2020 Trust stake 94,359,659 shares Shares beneficially owned by the Trust
RSUs vested 7,500,000 shares RSUs that vested in connection with termination without cause
definitive proxy statement regulatory
"filed a definitive proxy statement on Schedule 14A"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
agent designations card regulatory
"accompanying GREEN agent designations card"
beneficially owns financial
"Mr. Neugebauer beneficially owns 146,516,035 shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
restricted stock units financial
"7,500,000 shares underlying restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934

 

Filed by the Registrant ☐

Filed by a Party other than the Registrant ☒

 

Check the appropriate box:

 

Preliminary Proxy Statement
   
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
   
Definitive Proxy Statement
   
Definitive Additional Materials
   
Soliciting Material Pursuant to §240.14a-12a

 

FERMI INC.

(Name of Registrant as Specified in Its Charter)

 

VICKSBURG INVESTMENTS MANAGEMENT LLC

TOBY R. NEUGEBAUER

MELISSA A. NEUGEBAUER 2020 TRUST

DAVID A. DAGLIO

CHARLES M. ELSON

SHEILA HOODA

JOHN T. JIMENEZ

JUAN A. PUJADAS

JANET YANG

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

 

No fee required.
   
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
   
Fee paid previously with preliminary materials.

 

 

 

 

 

 

On June 11, 2026 and June 12, 2026, Toby R. Neugebauer uploaded the following materials to www.UnlockFermiValue.com:

 

 

 

1

 

 

2

 

 

3

 

 

 

4

 

 

5

 

 

6

 

 

7

 

 

8

 

 

9

 

 

10

 

 

 

11

 

 

12

 

 

 

13

 

 

 

14

 

 

 

15

 

 

16

 

 

17

 

 

Important Information

 

Toby Neugebauer and his affiliated entities, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust (collectively with Mr. Neugebauer, the “Fermi Founder Parties”), David A. Daglio, Charles M. Elson, John T. Jimenez, Janet Yang, Sheila Hooda and Juan A. Pujadas (collectively, the “Participants”) have filed a definitive proxy statement on Schedule 14A, accompanying GREEN agent designations card, and other relevant documents with the SEC in connection with the solicitation of agent designations for calling a special meeting of shareholders to be held as promptly as practicable (the “Special Meeting”).

 

THE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING THE GREEN AGENT DESIGNATIONS CARD, THAT HAVE BEEN OR WILL BE FILED BY THE PARTICIPANTS BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE OR WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.

 

Mr. Neugebauer beneficially owns 146,516,035 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), composed of (i) Vicksburg Investments Management LLC beneficially owns 44,656,376 shares of Common Stock, (ii) 94,359,659 shares of Common Stock beneficially owned by Melissa A. Neugebauer 2020 Trust, and (iii) 7,500,000 shares of Common Stock underlying restricted stock units held by Mr. Neugebauer that vested in connection with his termination without cause. As of the date hereof, none of the other Participants beneficially own any shares of Common Stock.

 

18

 

FAQ

What action did FRMI participants take in the Schedule 14A filing?

They filed a definitive proxy statement on Schedule 14A to solicit agent designations for calling a special meeting, and uploaded supporting materials on June 11 and June 12, 2026.

How many FRMI shares does Toby R. Neugebauer beneficially own?

Mr. Neugebauer beneficially owns 146,516,035 shares, made up of 44,656,376 shares via Vicksburg, 94,359,659 via the Trust, and 7,500,000 underlying RSUs.

Where can FRMI shareholders find the proxy materials?

The Participants state proxy materials are available at http://www.sec.gov and on www.UnlockFermiValue.com, and that copies will be provided without charge upon request.

Do any other Participants report beneficial ownership of FRMI shares?

The filing states that, as of the date of the proxy excerpt, none of the other Participants beneficially own any shares of the company’s common stock.

What shares underlying RSUs are disclosed for Mr. Neugebauer?

The filing discloses 7,500,000 shares underlying restricted stock units that vested in connection with Mr. Neugebauer’s termination without cause.