Toby Neugebauer has scheduled a live town hall webinar for Tuesday, June 30 at 1:00 PM Eastern, 12:00 PM Central, and 6:00 PM British Summer Time, directing the session at analysts and stating that Fermi shareholders are owed answers. Neugebauer has invited the Perrys to participate, and said that if they cannot accept, he would be pleased to extend the invitation instead to Jacobo Ortiz, Fermi's Co-President and Chief Operating Officer.
What a Shareholder Town Hall Webinar Is — and Why This Format Is Significant
A town hall webinar is a live, open-format session in which major shareholders or executives address analysts and investors directly, in real time. It sits apart from a press release or an earnings call in one important way: questions come from the outside, and the answers create an immediate, public record. When a shareholder takes the step of convening that session himself — rather than waiting for the company to call one — it signals that normal investor-relations channels have not produced satisfactory disclosure. For analysts following Fermi, that is the core piece of news: the demand for answers has moved from private to public.
Neugebauer's Alternate Invitation and Why Ortiz Is Named
Neugebauer identified Jacobo Ortiz by title and by tenure. Ortiz holds the positions of Co-President and COO within Fermi's Office of the C-Suite and has been with the company since its founding — a combination that, in Neugebauer's framing, makes him the right person to speak authoritatively for the organization. The offer to substitute Ortiz for the Perrys is not a softening of the demand; it is an argument that Fermi has no shortage of qualified representatives who could show up and answer.
The Pressure Shifts to Fermi's Leadership
Neugebauer has made clear that the June 30 webinar will proceed whether or not the Perrys accept his invitation. That unconditional commitment changes the calculus for Fermi's leadership: a decision not to participate does not end the conversation, it only removes their voice from it. Analysts will convene either way, and the questions shareholders say they are owed will be asked at 1:00 PM Eastern on Tuesday regardless of who, if anyone, from Fermi's camp is there to answer them.