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Neugebauer Pauses Board Push at Fermi | Texas News
Toby Neugebauer, former CEO and major shareholder of Fermi, has paused his push to seize board control—but not because he’s backing down, just because timing’s off. He wanted to install directors to push a sale of the company, believing it’s the best way to protect shareholder value. But with a judge recusing himself from his lawsuit and delays in appointing new directors, he’s temporarily shelved his proxy fight. Meanwhile, Fermi is moving forward with a $350 million loan—triggering a 15% stock drop—and continues developing Project Matador, a colossal energy and data hub with up to 17…
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