AMARILLO, Texas (KAMR/KCIT) — The ex-CEO and co-founder of Fermi America, Toby Neugebauer, called for a “Special Meeting of Shareholders” to be held on May 29 in “his capacity as Chief Executive Officer of Fermi on April 17.”
According to a press release, the meeting will provide Fermi shareholders with their opportunity to “express their views” to the Board and determine the future of the company. The release also notes that Fermi America has rejected a sale or merger.
Neugebauer will nominate five directors for election at the Special Meeting and has already designated the former Chief Financial Officer and current Chief Power Officer to the board. The release notes that Neugebauer, the Neugebauer family, and other C-suite executives and management that departed on or after April 17 own roughly 40% of the outstanding shares.
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“I could not be prouder of the execution and progress with tenants at the time of my departure,” Neugebauer said. “I saw Project Matador’s potential realized, and that’s why I have yet to sell a single share of Fermi since the IPO because I know exactly what it is worth. We built a world-class company in record time, and my focus is entirely on protecting and realizing that value for all shareholders. It’s time the shareholders get a voice in the future of the Company.”…