GrafTech International Ltd. (NYSE:GTI) (“GrafTech”) today issued the following statement in response to the Daniel and Nathan Milikowsky Group’s filing of its definitive proxy materials with the Securities and Exchange Commission in connection with the Company’s May 15, 2014 Annual Meeting of Stockholders:
After announcing its intention to take control of the GrafTech Board at the 2014 Annual Meeting by nominating five director candidates, the Daniel and Nathan Milikowsky Group recently announced its plan to nominate only three candidates.
Unfortunately, Nathan Milikowsky continues to include himself as a nominee, despite the Board’s evidence-based conclusion that his prior governance breaches and conduct demonstrate that he is not a qualified candidate. Nathan Milikowsky’s personal quest to reinstate himself to GrafTech’s Board in spite of his clear breaches of good corporate governance and ethics is at the heart of the issue. We have made a number of good faith efforts to resolve this matter. GrafTech’s Board and management will not compromise on good corporate governance and ethics, plain and simple.
As noted in the Company’s proxy statement, on multiple occasions, the GrafTech Board has offered to add David Jardini and Karen Finerman, current nominees of the Daniel and Nathan Milikowsky Group slate, to the GrafTech Board. As GrafTech also noted in its proxy statement, if all seven of GrafTech’s Board nominees are elected, the Company intends to offer to add Board representation from the Daniel and Nathan Milikowsky Group after the 2014 Annual Meeting, choosing from among those candidates who meet GrafTech’s corporate governance criteria.GrafTech reminds stockholders to protect their investment by voting the WHITE proxy card FOR GrafTech’s seven highly qualified and experienced director nominees.
|If you have questions or need assistance in voting your shares, please call:|
|480 Washington Boulevard, 26 th Floor|
|Jersey City, NJ 07310|
|(800) 509-0917 (Toll Free)|
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