Summary of a Current Report on Form 8-K filed by Fermi Inc. on August 14, 2026. This summary is not the filing; read the filing at the source link below.
The Board of Directors appointed Lee McIntire as Chief Executive Officer, effective August 11, 2026. Mr. McIntire had served as an independent director since the company’s initial public offering and resigned from the Audit Committee upon his appointment. He was previously Chairman and Chief Executive Officer of CH2M HILL, Chief Executive Officer of TerraPower, and a partner, executive vice president and board member at Bechtel over a fifteen-year career there; he serves on the board of McDermott International.
The filing describes the terms of Mr. McIntire’s employment agreement, including base salary, target and maximum annual bonus opportunity, a housing allowance and a restricted stock unit award with a one-year cliff vesting. Refer to the filing for the complete terms.
The appointment concluded the Office of the CEO structure adopted in April 2026, under which Anna Bofa and Jacobo Ortiz served as Co-Presidents; they continue as Chief Commercial Officer and Chief Operating Officer, respectively.