Author: sHq_LoGiNz
DALLAS, May 12, 2026 /PRNewswire/ — Toby Neugebauer, Co-Founder and largest shareholder of Fermi Inc. (d/b/a Fermi America) (Nasdaq: FRMI) (“Fermi” or the “Company”), today responded to the Company threatening to confiscate some of his family shares by announcing that he and his family have decided to gift a percentage of their shares to help the Company solve the 5/50 REIT Rule if and when the Company qualifies as a REIT, to well-deserving foundations and charities. The Neugebauer family, undeterred by threats, believe this is a far better result and are honored to be able to help others in this manner.
A certain time after it becomes a REIT by making the relevant tax election, Fermi would be required to meet the 5/50 Rule, meaning that the Company’s top five shareholders who are individuals cannot hold more than 50% ownership of Fermi. The Neugebauers believe that electing REIT status for 2025 and/or 2026 serves no material tax purpose today. However, the Neugebauers intend to make these supporting gifts to charitable organizations regardless.
Gifting these shares was the Neugebauers’ intention all along. The board’s actions simply accelerated the execution.
Important Information
Mr. Neugebauer and two of his affiliated entities, Vicksburg Investments Management LLC and Melissa A. Neugebauer 2020 Trust (collectively with Mr. Neugebauer, the “Fermi Founder Parties”), together with David A. Daglio, Charles M. Elson, John T. Jimenez and Janet Yang (collectively, in such capacity, the “May 29 Meeting Participants”), intend to file a definitive proxy statement on Schedule 14A, accompanying BLUE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the election of the Fermi Founder Parties’ slate of director candidates and other proposals that may come before the special meeting of shareholder called for May 29, 2026 (the “May 29 Meeting”).
The Fermi Founder Parties and David A. Daglio, Charles M. Elson, John T. Jimenez, Janet Yang, Sheila Hooda and Juan A. Pujadas (collectively, in such capacity, the “Shareholder-Called Special Meeting Participants” and together with the May 29 Meeting Participants, the “Participants”) intend to file a definitive proxy statement on Schedule 14A, accompanying GREEN agent designations card, and other relevant documents with the SEC in connection with the solicitation of proxies with respect to the solicitation of agent designations for calling a special meeting of shareholders anticipated to be held on or around June 30, 2026 (the “Shareholder-Called Special Meeting”).
THE APPLICABLE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE APPLICABLE DEFINITIVE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING THE BLUE PROXY CARD AND THE GREEN PROXY CARD, AS APPLICABLE, THAT HAVE BEEN OR WILL BE FILED BY SUCH PARTICIPANTS AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS WILL PROVIDE COPIES OF THE APPLICABLE PROXY STATEMENTS WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.
The Fermi Founder Parties filed a Schedule 13G with respect to the Company on November 14, 2025, which reported that Mr. Neugebauer beneficially owns 139,016,035 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), Vicksburg Investments Management LLC beneficially owns 44,656,376 shares of Common Stock, and Melissa A. Neugebauer 2020 Trust beneficially owns 94,359,659 shares of Common Stock. As of the date hereof, none of the other Participants beneficially own any shares of Common Stock.
View original content:SOURCE Toby Neugebauer
Recently, Cascale staff, Scarlette Tapp and Angie Kenny, represented the Sustainable Furnishings Council (SFC) at the Spring High Point Market in High Point, N.C., in April.
Twenty-five SFC members exhibited at the market, among them Rowe Furniture, Copeland Furniture, Gat Creek, Currey & Company, Home Trends & Design, Lee Industries, Norwalk Furniture, Vanguard Furniture, Simply Amish, and Arteriors. The brands’ showrooms were spread across the furniture market district.
As one of the world’s largest furniture industry events, High Point Market features 11.5 million square feet of showrooms, expert-led tours, and trend spotting, and is open to trade professionals with a focus on networking and product launches.
A highlight of Cascale’s participation was an industry seminar, organized by ANDMORE, titled “Designing for Impact: Procuring Materials that Shape a Sustainable Future.” Moderated by Cascale manager of SFC Angie Kenny, the session featured guest speakers Rico Ruffino, assistant professor in the Department of Forest Biomaterials at North Carolina State University, and Jerri Hobdy, award-winning furniture and lighting designer at Meno Home. The conversation explored how material choices in furnishings and interiors directly influence both human and environmental health, and offered practical strategies for reducing toxins and selecting more climate-friendly materials — with a focus on what designers and retailers should consider when shopping the market. Attendees included interior designers, product designers, and industry leaders.
LOUISVILLE, Ky., May 12, 2026 /3BL/ – The team behind every bottle of ANGEL’S ENVY® whiskey is raising a glass to a monumental achievement: winning global “Production Team of the Year” at the 2026 Icons of Whisky Awards — a landmark honor recognizing craftsmanship, passion, and precision. The victory follows Owen Martin, Master Distiller since 2022, being named “Craft Distiller of the Year” for the Americas earlier in the year.
ANGEL’S ENVY, the super-premium whiskey owned by Bacardi Limited, opened the doors to its distillery in 2016, making it the first full-production whiskey distillery in downtown Louisville. This award celebrates the skill, passion, and collaboration at every stage of whiskey making—from distillation and blending to finishing and bottling. As the distillery marks a decade in downtown Louisville this year, the recognition reinforces the role of the ANGEL’S ENVY production team in driving continued innovation within the category.
“These honors are about the skill and passion demonstrated by the people behind ANGEL’S ENVY,” says Gigi DaDan, General Manager of ANGEL’S ENVY. “From the patience it takes to get the finishing just right to the collaboration that happens every day on our distillery floor, this is a win for the entire team, and it motivates us to keep pushing what’s possible.”
Presented annually during the World Whiskies Awards, the Icons of Whisky spotlight the individuals, teams, and locations that form the foundation of the global whisky industry. From distillers and production teams to ambassadors and communicators, the program elevates the collective effort behind creating world-class spirits.
About ANGEL’S ENVY Distillery
Celebrating its 10th anniversary in 2026, the ANGEL’S ENVY distillery and brand home is the first full-production whiskey distillery to open in downtown Louisville and anchors the brand’s presence along historic Whiskey Row. Located at 500 East Main Street, the modern distillery employs more than 100 people to produce ANGEL’S ENVY bourbon and rye and offers guests a best-in-class bourbon education through immersive tours, tastings, and cocktail experiences.
ANGEL’S ENVY is available in all 50 U.S. states and several international markets and is produced by Louisville Distilling Company, a subsidiary of Hamilton, Bermuda-based Bacardi Limited, the largest privately held international spirits company in the world. For more, visit angelsenvy.com.