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.
GrafTech International is a global company that has been redefining limits for more than 125 years. We offer innovative graphite material solutions for our customers in a wide range of industries and end markets, including steel manufacturing, advanced energy applications and latest generation electronics. GrafTech operates 20 principal manufacturing facilities on four continents and sells products in over 70 countries. Headquartered in Parma, Ohio, GrafTech employs approximately 3,000 people. For more information, call 216-676-2000 or visit www.GrafTech.com.NOTE ON FORWARD-LOOKING STATEMENTS: This letter contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) about certain nominations for election of directors, future or targeted operational and financial performance; growth prospects and rates, the markets we serve, strategic plans and our position in our industry. Our expectations are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations. Actual future events, circumstances, performance and trends could differ materially, positively or negatively, from those set forth in these statements due to various factors, including: unforeseen delays, costs or liabilities associated with our initiatives as well as our growth and other plans, changes in market prices of our securities, changes in business and economic conditions and growth trends in the industry, changes in customer markets and various geographic regions, uncertainties in the geopolitical environment, and other risks and uncertainties, including those detailed in our SEC filings, as well as future decisions by us. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise. This letter does not constitute an offer or solicitation as to any securities. IMPORTANT ADDITIONAL INFORMATION: GrafTech and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the 2014 Annual Meeting. GrafTech has filed a definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies from GrafTech stockholders for the 2014 Annual Meeting. STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT AND ACCOMPANYING WHITE PROXY CARD WITH RESPECT TO THE 2014 ANNUAL MEETING AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Detailed information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement and other materials filed with the SEC in connection with GrafTech’s Annual Meeting. Information regarding the direct and indirect beneficial ownership of GrafTech’s directors and executive officers in GrafTech securities is set forth in the definitive proxy statement and other materials filed with the SEC in connection with GrafTech’s 2014 Annual Meeting. Stockholders will be able to obtain free copies of the definitive proxy statement, any amendments or supplements to the definitive proxy statement and other documents filed with the SEC by GrafTech through the web site maintained by the SEC at www.sec.gov and on GrafTech’s web site at http://ir.graftech.com/.