GrafTech International Ltd. (NYSE:GTI) (“GrafTech”) today announced that, based on the preliminary vote count provided by its proxy solicitor, stockholders have elected four GrafTech nominees and three nominees put forth by the Daniel and Nathan Milikowsky Group at the Company’s 2014 Annual Meeting of Stockholders.
The Company expects to announce the final results of the election following the official tabulation of voting at the meeting from the Inspector of Elections, IVS Associates, Inc., which is expected within the next few business days. Assuming that final results confirm the preliminary estimates, GrafTech’s four nominees, Randy Carson, Thomas Danjczek, Joel Hawthorne and M. Catherine Morris will be joined by Karen Finerman, David Jardini and Nathan Milikowsky.
GrafTech issued the following statement:
We appreciate the consideration and support of our stockholders, as well as the valuable insight they have offered our Board and management team throughout this process. We would like to take this opportunity to thank Mary Cranston, Harold Layman, Ferrell McClean, Steven Shawley and Craig Shular for their service on GrafTech’s Board and their many contributions to the Company. They have been integral to the development of our strategy and have helped us navigate through a number of important challenges over the years.
GrafTech welcomes the directors from the Milikowsky Group and looks forward to working together to continue to successfully execute the Company’s strategy for the benefit of all stockholders.
The preliminary voting results also indicated that stockholders have voted in favor of the compensation of GrafTech’s named executive officers (on a non-binding, advisory basis), the performance goals of the Executive Incentive Compensation Plan, ratification of PricewaterhouseCoopers LLP as GrafTech’s independent registered public accounting firm, and the repeal of certain provisions of GrafTech’s by-laws that were not in effect as of September 30, 2012.
Final results of the election will be announced once they are certified by the Inspector, following the customary review and challenge period.