---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-096560"
form_type: "8-K"
ticker: "FRMI"
cik: "0002071778"
company_name: "Fermi Inc."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:39:57.124319+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fermi Inc. finalizes employment agreements for CEO and three C-suite executives with IPO effective

## Summary
- CEO Toby Neugebauer receives $500k base salary, twice-yearly equity top-up grant ensuring 40% of all LTIP awards to employees.
- CDO Charlie Hamilton, COO Jacobo Ortiz, CFO Miles Everson each get $500k base, 200% base target bonus, and annual LTIP awards valued at 200% of base salary.
- Employment agreements effective upon IPO consummation; three-year initial term with automatic renewals unless 60-day notice of non-renewal.
- Severance for all: 2x base (CEO) or 2x base+target+LTIP (others), plus COBRA 18 months, accelerated equity vesting (CEO target level).

## SEC filing metadata
- accession: 0001213900-25-096560
- form_type: 8-K
- ticker: FRMI
- cik: 0002071778
- company_name: Fermi Inc.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2071778/000121390025096560/0001213900-25-096560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2071778/000121390025096560/ea0260350-8k_fermi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-096560
- JSON: https://secwatch.observer/filing/0001213900-25-096560.json
- Plain text: https://secwatch.observer/filing/0001213900-25-096560.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.