GrafTech NYSE Listing Under Review

TL;DR

NYSE flagged GrafTech for listing rule violation due to late 10-K filing; 18-36 months to fix.

AI Summary

GrafTech International Ltd. announced on August 6, 2024, that it received a notice from the New York Stock Exchange (NYSE) indicating a non-compliance with a continued listing standard. The company has 18 months to regain compliance, with a potential extension to 36 months if it implements a definitive plan to do so. This notice is related to the company's failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

Why It Matters

This filing indicates potential delisting risk for GrafTech, which could impact its stock liquidity and investor confidence.

Risk Assessment

Risk Level: medium — The company is at risk of delisting from the NYSE if it cannot regain compliance with listing standards within the specified timeframe.

Key Numbers

• 18 months — Initial Compliance Period (Timeframe to rectify NYSE listing standard non-compliance.)
• 36 months — Potential Extended Compliance Period (Maximum time to rectify if a definitive plan is implemented.)

Key Players & Entities

• GrafTech International Ltd. (company) — Registrant
• New York Stock Exchange (NYSE) (company) — Listing Exchange
• August 6, 2024 (date) — Date of Notice
• 18 months (duration) — Initial Compliance Period
• 36 months (duration) — Potential Extended Compliance Period
• Form 10-K (document) — Filing Requirement
• December 31, 2023 (date) — Fiscal Year End for Delayed Filing

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value per share EAF New York Stock
• $1.00 — mmon stock per the Notice was less than $1.00 per share over the consecutive 30 tradi

Filing Documents

• gti-20240806.htm (8-K) — 34KB
• exhibit991pressrelease-n.htm (EX-99.1) — 8KB
• exhibit991pressrelease-n001.jpg (GRAPHIC) — 217KB
• exhibit991pressrelease-n002.jpg (GRAPHIC) — 243KB
• gti-20240806_g1.jpg (GRAPHIC) — 83KB
• 0000931148-24-000103.txt ( ) — 1016KB
• gti-20240806.xsd (EX-101.SCH) — 2KB
• gti-20240806_lab.xml (EX-101.LAB) — 21KB
• gti-20240806_pre.xml (EX-101.PRE) — 12KB
• gti-20240806_htm.xml (XML) — 3KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 6, 2024, GrafTech International Ltd. (the "Company") received written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual ("Section 802.01C") because the average closing price of the Company's common stock per the Notice was less than $1.00 per share over the consecutive 30 trading-day period ended August 5, 2024. The Notice does not result in the immediate delisting of the Company's common stock from the NYSE. In accordance with applicable NYSE rules, the Company plans to timely notify the NYSE that it intends to cure the stock price deficiency and return to compliance with the applicable NYSE continued listing standards. The Company can regain compliance at any time within a six-month cure period following its receipt of the Notice if, on the last trading day of any calendar month during such cure period, the Company has both: (i) a closing share price of at least $1.00 and (ii) an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of the applicable calendar month. The Company intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE's continued listing standards, including, but not limited to, a reverse stock split, subject to stockholder approval. Section 802.01C provides for an extension to the six-month cure period if the action required to cure the price condition requires stockholder approval, in which case, the action needs to be approved by no later than the Company's next annual stockholder's meeting and promptly implemented thereafter. The Notice has no immediate impact on the listing of the Company's common stock, which will continue to be listed and traded on the NYSE durin

01

Item 7.01 Regulation FD Disclosure. As required by Section 802.01C, the Company issued a press release on August 7, 2024, announcing that it had received the notice of noncompliance with the NYSE's continued listing standards. A copy of the press release is being furnished herewith as Exhibit 99.1 and is incorporated herein by reference in its entirety. The information furnished pursuant to this Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before, on or after the date hereof and regardless of any general incorporation language in such filings, except to the extent set forth by specific reference in such filings.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . 99.1 Press release of GrafTech International Ltd., dated August 7 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GRAFTECH INTERNATIONAL LTD. Date: August 7, 2024 By: /s/ Catherine Hedoux-Delgado Catherine Hedoux-Delgado Interim Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR