GrafTech announces cooperation agreement with stockholder Nilesh Undavia

Client(s) GrafTech International Ltd.

Jones Day is representing GrafTech International Ltd. (NYSE: EAF) in connection with its cooperation agreement with one of GrafTech’s largest stockholders, Mr. Nilesh Undavia, who owns approximately 6.7% of the Company’s outstanding common stock. Pursuant to the cooperation agreement, GrafTech has appointed Sachin Shivaram to the Board of Directors. Additionally, GrafTech and Mr. Undavia will work together to identify a mutually agreed upon independent candidate to nominate for election to the Board at the 2025 Annual Meeting, although if the parties are unable to find a mutually agreeable candidate in time for inclusion on the ballot of the 2025 Annual Meeting, they will continue to work together to find a mutually agreeable candidate to be appointed as a director on the Board. In connection with the appointment of Mr. Shivaram, Mr. Undavia has agreed to customary standstill provisions and voting commitments through January 2027 with the potential to be extended to May 2028.