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THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Management
Neugebauer says shareholders should decide Fermi’s future after the board’s actions hurt tenant talks and triggered nine executive departures, according to the filing.
- On Thursday, June 18, 2026, Fermi Inc. co-founder and largest shareholder Toby Neugebauer filed a definitive proxy statement, formally launching a fight against the board to call a special shareholder meeting.
- The board terminated Neugebauer without cause earlier this year, prompting the departure of nine senior executives overseeing finance, permitting, and tenant acquisition since his removal.
- While Fermi's board criticizes Neugebauer's past stock transactions as "materially misleading," he claims co-founder Griffin Perry, former Governor Rick Perry, and investor Steven Meisel dumped roughly 40 million shares on the open market.
- Participants including Charles Elson and John Jimenez are soliciting shareholder agent designations to call the special meeting, urging investors to sign GREEN agent designation cards for a transparent vote.
- Denying leadership misconduct allegations and citing prior legal clearances from GloriFi investigations, Neugebauer champions John Sellers of Double Eagle to lead Fermi and maximize shareholder value.
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19 Articles
19 Articles
THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Management
While Surprised John Sellers and Double Eagle Declined to Take the Helm of Fermi, Neugebauer Reiterates His Call for Board to Find Someone of that Caliber with a Team Who Can Replace the Nine Senior Leaders That Departed Fermi After…
THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Managem
While Surprised John Sellers and Double Eagle Declined to Take the Helm of Fermi, Neugebauer Reiterates His Call for Board to Find Someone of that Caliber with a Team Who Can Replace the Nine Senior Leaders That Departed
·New York, United States
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Coverage Details
Total News Sources19
Leaning Left3Leaning Right3Center12Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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