Fermi Inc. 8-K

What Happened
Fermi Inc. filed an 8-K on April 17, 2026 announcing that Toby Neugebauer departed his role as Chief Executive Officer. The Board created an Interim Office of the CEO made up of Jacobo Ortiz (Chief Operating Officer) and Anna Bofa (Board observer). The company said it will conduct a search for a permanent CEO and expects to release additional details on April 20, 2026.

Key Details

• Departure date filed: April 17, 2026 (Toby Neugebauer left the CEO role).
• Interim Office of the CEO members: Jacobo Ortiz (COO) and Anna Bofa (Board observer).
• Director nomination: Under a Director Nomination Agreement dated Sept. 30, 2025, the Melissa A. Neugebauer 2020 Trust exercised its right to nominate Miles Everson (Fermi’s Chief Financial Officer) to the Board; the Board approved the nomination.
• Board size increased from five to seven directors in connection with Mr. Everson’s appointment.

Why It Matters
A CEO departure and interim leadership structure are material corporate governance events that can affect company strategy, operations, and investor confidence. Adding the CFO to the Board and expanding the Board changes management oversight and decision-making dynamics. The company’s plan to conduct a CEO search and its scheduled update (April 20, 2026) are key near-term items investors may watch for clarity on leadership and direction.