Fermi appoints four C-suite officers in sign-on equity, no permanent CEO named

Filed July 23, 2026 · Period ending July 20, 2026 · ~1 min read

Key Changes

• high

  Board appointed General Counsel, Chief Commercial Officer, Chief Operating Officer, and Chief Financial Officer effective July 22; Bofa and Ortiz continue as Co-Chairs of Interim Office of the CEO, indicating no permanent CEO in place

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Three officers received one-time sign-on equity totaling 4.475M restricted stock units: Wentz 1.5M (immediate vest), Bofa 2M (3-year vest), Masson 975K (1-year cliff), representing substantial upfront compensation

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Officers receive 5-year contracts with base salaries of $500K (Wentz, Bofa, Ortiz) and $650K (CFO Masson), plus target bonuses of 100% of base (max 200%), and annual LTIP awards valued at $2.25M-$3M per officer

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →