Management ChangeApr 30, 2026, 05:22 PM
FRMI CEO Toby Neugebauer Terminated for Cause; Interim CEO & CFO Appointed
AI Summary
Fermi Inc. filed an amendment to its 2025 Form 10-K to include Part III information and new certifications. The company announced that Toby Neugebauer was terminated for Cause as President and CEO on April 30, 2026, and removed from the Board. An Interim Office of the CEO was established with Jacobo Ortiz Blanes and Anna Bofa. Miles Everson resigned as CFO, and Robert L. Masson was appointed Interim CFO. Additionally, Miles Everson and Jeffrey S. Stein were appointed as new directors.
Key Highlights
- Toby Neugebauer terminated as President and CEO for Cause on April 30, 2026, and removed from the Board.
- Interim Office of the CEO established with Jacobo Ortiz Blanes and Anna Bofa.
- Miles Everson resigned as CFO on April 19, 2026.
- Robert L. Masson appointed Interim CFO on April 29, 2026.
- Miles Everson and Jeffrey S. Stein appointed as new Directors.
- Fermi Inc. adopted a Compensation Recovery Policy.
- CEO Toby Neugebauer's 2025 total compensation was $47,980,000.
- CFO Miles Everson's 2025 total compensation was $134,175,000.