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Fermi Files Preliminary Consent Revocation Statement
Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that on May 15, 2026, it filed a preliminary Consent Revocation Statement (the "Revocation Statement") with the U.S. Securities and Exchange Commission ("SEC"). The Revocation Statement responds to former Chief Executive Officer Toby Neugebauer's preliminary consent solicitation, in which Mr. Neugebauer is seeking to solicit shareholder consents to hold a Special Meeting of Shareholders
About this update from Fermi Inc.
[{"type":"text","content":"Board is Committed to Acting in the Best Interests of Fermi Shareholders and Cites Strong Momentum Behind Fermi 2.0","length":115,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, May 18, 2026 /PRNewswire/ -- Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced that on May 15, 2026, it filed a preliminary Consent Revocation Statement (the "Revocation Statement") with the U.S. Securities and Exchange Commission ("SEC"). The Revocation Statement responds to former Chief Executive Officer Toby Neugebauer's preliminary consent solicitation, in which Mr. Neugebauer is seeking to solicit shareholder consents to hold a Special Meeting of Shareholders ("Special Meeting") on or about June 30, 2026. Fermi's Revocation Statement provides specific reasons why Mr. Neugebauer's proposals are not in the best interests of Fermi shareholders, including information regarding his removal as CEO and subsequent termination for cause by an Independent Committee of the Board.","length":915,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Fermi Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Fermi Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":144,"url":"https://media.zenfs.com/en/prnewswire.com/7370d096722637275e1c7620a73f8328"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9jeNZDksq9Z8Eos4RIT9WQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NA--/https://media.zenfs.com/en/prnewswire.com/7370d096722637275e1c7620a73f8328","width":400,"height":144},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/zgoQjHRRyA6_y4ux3T_Nbg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIzMA--/https://media.zenfs.com/en/prnewswire.com/7370d096722637275e1c7620a73f8328","width":400,"height":144}},"href":"https://mma.prnewswire.com/media/2977268/Fermi_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Board issued the following statement:","length":41,"tagName":"p"},{"type":"text","content":"The Fermi leadership team is executing on a well-defined plan that it believes will maximize shareholder value. The Board has overseen the Company's evolution into its next phase of growth, advancing Fermi 2.0 and Project Matador, while driving progress across key construction, ...