{"id":964028,"date":"2026-05-18T09:21:37","date_gmt":"2026-05-18T13:21:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-files-preliminary-consent-revocation-statement\/"},"modified":"2026-05-18T09:21:37","modified_gmt":"2026-05-18T13:21:37","slug":"fermi-files-preliminary-consent-revocation-statement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fermi-files-preliminary-consent-revocation-statement\/","title":{"rendered":"Fermi Files Preliminary Consent Revocation Statement"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Board is Committed to Acting in the Best Interests of Fermi Shareholders and Cites Strong Momentum Behind Fermi 2.0<\/i>\n <\/p>\n

\n DALLAS<\/span>, May 18, 2026<\/span> \/PRNewswire\/ — Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America\u2122 (“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.\u00a0<\/p>\n

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The Board issued the following statement:<\/p>\n

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, regulatory and financing milestones.<\/p>\n

The Board is committed to evaluating all transactions that could maximize long-term value for shareholders, but it will not be forced into a short-sighted decision that benefits only Mr. Neugebauer and his affiliates at the expense of all others who experienced significant losses under his tenure as CEO.<\/p>\n

After careful consideration and consultation with independent financial and legal advisors, an Independent Committee of the Board unanimously concluded that the Special Meeting solicitation launched by Mr. Neugebauer is not in the best interests of the Company or its shareholders. As detailed in the Company’s preliminary Consent Revocation, our recommendation for shareholders is based on the following considerations:<\/p>\n