Business
Toby Neugebauer Nominates Stellar Slate of Highly Qualified Independent Directors to the Fermi Board for Shareholder Consideration at Upcoming Special Meeting
Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) ("Fermi" or the "Company"), today announced his completed slate of highly qualified independent directors to the Fermi Inc. board.
About this update from Fermi Inc.
[{"type":"text","content":"Nominees Bring Institutional Capital Markets Experience, Energy-Sector CFO Credentials, Proven Governance Expertise, and Hands-On M&A Transaction Experience Required to Maximize Value for All Fermi Shareholders","length":214,"tagName":"p","attribs":{}},{"type":"text","content":"Slate of Nominees are in Addition to Neugebauer's Recent Nominations—Power and Finance Industry Titans, Miles Everson and Larry Kellerman—Who Joined the Fermi Board in the Last Three Weeks","length":192,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, May 8, 2026 /PRNewswire/ -- Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) ("Fermi" or the "Company"), today announced his completed slate of highly qualified independent directors to the Fermi Inc. board.","length":274,"tagName":"p"},{"type":"text","content":"The independent nominees — David A. Daglio Jr., Charles M. Elson, John T. Jimenez, and Janet Yang — proudly join Mr. Neugebauer to bring objective insight and specialized sector expertise across finance, corporate governance, risk advisory, energy, and capital markets. Their distinguished accomplishments for industry-leading corporations and institutions uniquely position them to unlock the full intrinsic value of Project Matador for all shareholders.","length":455,"tagName":"p"},{"type":"text","content":""Project Matador is among the most strategically valuable energy and land assets in the country — over 2 GW of total power generation, ~6 GW permitted, initial construction complete, and ~$1 billion in financing closed. I believe the right partner for a change of control will bring a low cost of capital, proven construction capability, and a customer at the table. Interest could come from hyperscalers, utilities, data center developers, chip manufacturers, or oil and gas power developers. Fermi shareholders deserve a board with the credentials and fresh perspectives to execute a credible, competitive sale or strategic partnership. That's why I called a special meeting and nominated a slate that brings real M&A expertise, energy-sector financial leadership, and governance accountability — alongside my recently appointed and elected board members, Miles Everson and Larry Kellerman. I haven't sold a single share since the IPO. My interests are fully al...