Fermi Inc. filings document an emerging growth company developing private power and site infrastructure for Project Matador. Current reports describe common stock disclosure, material-event reporting, leadership and board changes, shareholder solicitation materials, and governance arrangements, including director nomination rights and charter-related control matters.
The company's 8-K filings also cover material definitive agreements and capital-structure matters, including equipment financing for Siemens Energy SGT-800 industrial gas turbines and related equipment for Project Matador. The filings identify operating subsidiaries used for project financing and disclose Regulation FD communications, shareholder voting matters, and operating and financial results categories.
Fermi Inc. shareholder and former CEO Toby Neugebauer has called a Special Meeting of shareholders to be held on May 29, 2026 and filed preliminary proxy materials seeking to elect a slate of five director nominees.
Mr. Neugebauer, together with affiliated entities and certain departing executives, owns approximately 40% of outstanding shares and says he supports a dual-track strategic review, including M&A, centered on Project Matador.
Fermi Inc. appointed its Chief Power Officer, Larry Kellerman, to the board of directors effective May 4, 2026. He was nominated by Vicksburg Equity Holdings, LLC under a previously disclosed Director Nomination Agreement and fills the vacancy created by Melissa Neugebauer’s prior departure.
Mr. Kellerman will serve as a Class III director with an initial term expiring at the company’s 2028 annual meeting, or until earlier resignation, death or removal. The board has not changed his compensation in connection with this role and commits to disclose any future material compensatory arrangements.
Fermi Inc. appointed Robert L. Masson as Interim Chief Financial Officer and principal financial officer effective April 29, 2026, while it searches for a permanent successor. Masson, age 55, has over 20 years of finance leadership experience across the aerospace, defense, and industrial sectors.
His prior roles include Chief Financial Officer positions at Noble Supply and Logistics, Latham Group, and Hypertherm, as well as senior finance roles at Flowserve and Raytheon Technologies after earlier service as a U.S. Navy Lieutenant and Naval Aviator. The board has not yet approved compensation for his interim role and states there are no related-party or conflict-of-interest relationships requiring disclosure.
Fermi Inc. director Stein Jeffrey Scott filed an initial ownership report showing he does not currently hold the company’s stock. The filing lists “No securities beneficially owned” and reports 0 shares owned directly following the reported date.
Fermi Inc. is launching a strategic evolution dubbed “Fermi 2.0”, reshaping its leadership and governance while reinforcing its focus on Project Matador and long-term growth. Lead independent director Marius Haas becomes Chairman, and co-founder Toby Neugebauer steps down as CEO but remains on the Board.
The Board created an Office of the CEO, appointing Jacobo Ortiz Blanes and Anna Bofa as Co-Presidents to oversee day-to-day operations during the CEO search led by Heidrick & Struggles. Miles Everson resigned as Chief Financial Officer and Secretary, without “Good Reason” under his employment agreement, and now serves as a Class III director.
Fermi also expanded its Board by appointing Jeffrey S. Stein as a Class II director, bringing restructuring and energy-sector experience. As part of Fermi 2.0, the company will establish a new corporate headquarters in Dallas and build out office space at its Project Matador site in Amarillo, aiming to support its next-generation private electric grid vision.
Fermi Inc. announced a leadership change and board expansion. On April 17, 2026, Chief Executive Officer Toby Neugebauer departed his role. The Board created an Interim Office of the CEO made up of Chief Operating Officer Jacobo Ortiz and board observer Anna Bofa while a search for a new CEO is conducted.
Under a Director Nomination Agreement, the Melissa A. Neugebauer 2020 Trust nominated Chief Financial Officer Miles Everson to the Board, and the Board approved his nomination. In connection with this appointment, the Board increased its size from five to seven directors. The company expects to release additional details on April 20, 2026.
Fermi Inc. ownership disclosure: Caddis Holdings, LP (managed via Caddis Capital, LLC) and reporting person Griffin Perry report beneficial ownership of 60,946,450 shares of Common Stock, representing 9.7% of the class. The percentage is calculated using 629,839,790 shares outstanding as of March 23, 2026, per the issuer's Form 10-K. Mr. Perry notes his role as a manager of the general partner and disclaims direct beneficial ownership except to the extent of any pecuniary interest.