{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-052548","form_type":"8-K","ticker":"FRMI","cik":"0002071778","company_name":"Fermi Inc.","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.472638+00:00","generated_at":"2026-05-14T22:59:04.022813+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fermi rejects former CEO Neugebauer's invalid special meeting requests; cites 80% stock decline","bullets":["Board terminated Toby Neugebauer for cause after month-long transition negotiations failed.","Stock price declined over 80% under Neugebauer's leadership, per the filing.","First special meeting request for May 29, 2026 rescinded; second for June 30, 2026 deemed invalid.","Charter provisions can redeem Neugebauer's shares and cap any shareholder at 2.5% to protect REIT status.","Board believes immediate sale at current levels is premature and below intrinsic value."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-052548","json":"https://secwatch.observer/filing/0001213900-26-052548.json","markdown":"https://secwatch.observer/filing/0001213900-26-052548.md","text":"https://secwatch.observer/filing/0001213900-26-052548.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2071778/000121390026052548/0001213900-26-052548-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2071778/000121390026052548/ea0289365-8k_fermi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:59:04.022813+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}