Toby Neugebauer will host a town hall webinar for analysts on Tuesday, June 30 — scheduled at 1:00 PM ET, 12:00 PM CT, and 6:00 PM BST — positioning the session as a forum where Fermi shareholders can receive the answers he says they are owed. Neugebauer has invited the Perrys to participate; if they cannot accept, he has extended a secondary invitation to Fermi Co-President and Chief Operating Officer Jacobo Ortiz.

A Town Hall as an Accountability Mechanism

A shareholder town hall is a direct-to-investor forum held outside the standard earnings-call cadence — typically a sign that ordinary disclosure channels have proved insufficient for the parties calling it. Neugebauer framed his rationale in explicit accountability terms: shareholders are owed answers, a posture that sets a clear public standard for what the session is meant to produce.

The multi-time-zone scheduling — Eastern, Central, and British Standard Time — signals an intent to reach a wide institutional audience. Neugebauer indicated the webinar proceeds regardless of whether any invited party accepts.

Who Jacobo Ortiz Is and Why He Was Named

Jacobo Ortiz holds dual titles at Fermi: Co-President and Chief Operating Officer, seated within the company's Office of the C-Suite. The detail Neugebauer surfaced alongside those titles is tenure — Ortiz has been with Fermi since the company's founding, from day one.

An executive who carries both a co-presidential designation and operational authority, and who was present at the company's origin, holds institutional memory that few others at the firm can match. Naming Ortiz specifically, rather than leaving management to designate a representative, narrows the field of acceptable substitutes and makes clear the seniority level Neugebauer considers appropriate for the questions he intends to raise.

What Buy-Side Holders Should Monitor

Whether the Perrys appear, Ortiz appears, or neither does, the outcome of these invitations is itself informative. A refusal to engage in a public analyst forum framed around shareholder obligations carries disclosure weight of its own. Acceptance sets a different precedent.

For portfolio managers with exposure to Fermi, Tuesday's webinar is a scheduled moment of potential incremental disclosure — the kind of event where the response, or its absence, tells the market something the company has not yet said directly.

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