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May 14, 2014
09:17 EDTGTIGrafTech responds to 'misleading' claims by Milikowsky Group.
GrafTech International responded to the latest inaccurate and misleading claims outlined by the Daniel and Nathan Milikowsky Group. GrafTech says "On May 13, Nathan Milikowsky issued a press release in which he buried a corrective disclosure that he was asked to make by Royce & Associates in a letter to him dated April 24. GrafTech has had the opportunity to review a copy of the letter that Royce delivered to Mr. Milikowsky. GrafTech’s Board appreciates that Royce values integrity and candor in disclosures and took the initiative to seek corrective action by Mr. Milikowsky. GrafTech’s Board is not surprised that Mr. Milikowsky would wait until the eve of the Annual Meeting to make his 'corrective' disclosure, when he has been in possession of the letter from Royce for nearly three weeks. It is unfortunate that even Mr. Milikowsky’s 'corrective' disclosure did not provide all of the details outlined in the Royce letter. Mr. Milikowsky’s April 22, 2014 SEC filing and May 13, 2014 'corrective' SEC filing continue to misrepresent facts and mislead stockholders. The Board and management team have one goal – to execute our strategy to drive enhanced value for all stockholders. We are confident that we are well-positioned to do just that and we, and stockholders, cannot afford to be derailed. We urge stockholders to vote the WHITE proxy card today if they have not already voted. If stockholders have voted on the blue proxy card, we urge them to change their vote."
News For GTI From The Last 14 Days
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May 1, 2015
10:00 EDTGTIOn The Fly: Analyst Downgrade Summary
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05:56 EDTGTIGrafTech downgraded to Hold from Buy at Jefferies
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April 29, 2015
18:57 EDTGTIGrafTech appoints Quinn Coburn as interim CFO
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18:56 EDTGTIGrafTech CEO sees challeing environment for rest of 2015
GrafTech CEO Joel Hawthorne commented, "As we moved through Q1, graphite electrode demand continued to soften as global electric arc furnace steel production weakened. Lower end-market demand in certain steel consuming sectors, continued high Chinese steel exports and other market dynamics led to lower EAF customer utilization rates, particularly in North America. These factors are expected to create a challenging operating environment for our company and the industry as a whole for the remainder of 2015."
18:55 EDTGTIGrafTech reports Q1 adjusted EPS (10c), consensus (5c)
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