Neugebauer, who holds over 146 million shares, characterized the board’s exclusion of Everson from financial deliberations as inexcusable. According to the resignation letter, Everson had not received board minutes or communications for months, a failure he described as a barrier to informed service. Neugebauer contends this silence is a calculated move to obscure discrepancies between internal accounts and public filings made with the SEC regarding executive departures.
Despite the friction, Neugebauer expressed continued faith in the company’s core infrastructure. He pointed to Project Matador as a centerpiece of the AI race, maintaining that the firm remains well-positioned to secure its first major tenant. The Melissa A. Neugebauer 2020 Trust, which retains nomination rights, is currently vetting candidates to fill the vacancy left by Everson, a former PwC U.S. Consulting Vice Chairman whose financial expertise was previously considered vital to the firm's multi-billion dollar project financing goals.
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