Fermi appoints Lee McIntire as CEO effective Aug 11, 2026

Fermi Inc.

Lee McIntire appointed CEO effective Aug 11, 2026; he continues as director without additional compensation.
Base salary $750,000; target annual bonus 100% of base, max 200% of target; $15,000 monthly housing allowance.
RSU award with $3,000,000 grant-date fair value; 100% cliff vest on first anniversary, accelerated vesting on successor appointment, change in control, or termination without cause.
Employment agreement provides severance of accrued obligations; bonus prorated for days served as CEO.

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