Fermi Inc. reported the resignation of director Miles Everson, effective July 10, 2026. The resignation stems from a stated disagreement with the company over its governance practices, including Mr. Everson's access to certain corporate records and the Board's delegation of authority for financing transactions to a committee.
Key Details
- Reason for Resignation: Mr. Everson's resignation letter cites the company's failure to provide Board and committee minutes and the use of a committee to approve a recent $350 million convertible bond transaction without full Board discussion.
- Company's Position: Fermi Inc. stated that Mr. Everson had been granted full access to records, except for materials related to pending litigation involving the individual for whom he served as a Board representative. The company also noted that he had approved the formation of the committee in question.
- Effective Date: The resignation was effective immediately on July 10, 2026. At the time of his departure, Mr. Everson did not serve on any Board committees.