GrafTech board issues open letter to stockholders

GrafTech International announced that it has filed its definitive proxy statement and WHITE proxy card with the Securities and Exchange Commission with respect to its 2024 Annual Meeting of Stockholders to be held on May 9. Stockholders of record as of the close of business on March 13 will be entitled to vote at the Annual Meeting. GrafTech’s Board of Directors also issued a letter to the Company’s stockholders in connection with the filing. The letter, in-part, follows: “In advance of the upcoming Annual Meeting, you have an important decision to make regarding the composition of the Company’s Board that could impact the future of the Company and the value of your investment. Nilesh Undavia, a private investor, has nominated himself for election to the Board. The Board does not endorse his candidacy and urges you to vote “FOR” the nominees recommended by the Board using the WHITE proxy card. The Board further urges you to DISCARD all blue proxy cards and materials sent to you by Mr. Undavia.”