Fermi's Top Shareholder Demands Sale After Perry Vote Falls Short
DALLAS – November 06, 2026 -- Only 38.9% of Fermi Inc.'s outstanding shares voted to re-elect director Rick Perry at the October 30 annual meeting, according to co-founder and largest shareholder Toby Neugebauer. He is now demanding that the Nasdaq-listed company (FRMI) put itself up for sale while it closes a tenant deal.
Perry vote falls short under the board's own majority rule
More than 61% of outstanding shares did not back Perry, Neugebauer said. Excluding the 68,842,821 shares the Perry family last reported owning, support dropped to 31.5% of the remaining shares. Neugebauer said Perry ran behind the other director on the ballot on every measure.