---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-050183"
form_type: "8-K/A"
ticker: "FRMI"
cik: "0002071778"
company_name: "Fermi Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:13:49.907659+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fermi Inc. terminates Toby Neugebauer for cause, removes him from board

## Summary
- Mr. Neugebauer's employment terminated for cause on April 30, 2026 due to conduct violating his agreement and company policies.
- He was automatically removed from the board of directors effective the same date.
- No replacement officer or director has been announced in this filing.

## SEC filing metadata
- accession: 0001213900-26-050183
- form_type: 8-K/A
- ticker: FRMI
- cik: 0002071778
- company_name: Fermi Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2071778/000121390026050183/0001213900-26-050183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2071778/000121390026050183/ea0288605-8ka1_fermi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-050183
- JSON: https://secwatch.observer/filing/0001213900-26-050183.json
- Plain text: https://secwatch.observer/filing/0001213900-26-050183.txt

## Key facts
- Executive change
  Toby Neugebauer was removed as director at Fermi Inc..
  - Action: removed
  - Role: director
  source text: As a result of his termination for Cause, Mr. Neugebauer was automatically removed from the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2071778/000121390026050183/0001213900-26-050183-index.htm
- Executive change
  Toby Neugebauer was terminated as not explicitly stated at Fermi Inc..
  - Action: terminated
  - Role: not explicitly stated
  source text: On April 30, 2026, the Company terminated Mr. Toby Neugebauer’s employment for Cause pursuant to his Employment Agreement as a result of conduct in violation of the terms of such agreement and of Company policies.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2071778/000121390026050183/0001213900-26-050183-index.htm

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