GrafTech Announces Executive and Board Changes
Ticker: EAF · Form: 8-K · Filed: Aug 13, 2024 · CIK: 931148
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: GTI
TL;DR
GrafTech shakes up exec team & board on Aug 13th.
AI Summary
GrafTech International Ltd. announced on August 13, 2024, changes in its executive team and board of directors. Specifically, the company reported the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for its key executives. These changes are effective as of August 13, 2024.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- GrafTech International Ltd. (company) — Registrant
- August 13, 2024 (date) — Effective date of reported changes
FAQ
What specific roles have been affected by the departures of officers?
The filing indicates the departure of certain officers but does not specify the exact roles in this summary section.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in this section.
Are there any changes to executive compensation arrangements?
Yes, the filing notes updates to compensatory arrangements of certain officers.
What is the effective date of these reported changes?
The earliest event reported is effective as of August 13, 2024.
What is GrafTech International Ltd.'s principal executive office address?
The principal executive offices are located at 982 Keynote Circle, Brooklyn Heights, OH 44131.
Filing Stats: 1,006 words · 4 min read · ~3 pages · Grade level 11.2 · Accepted 2024-08-13 16:36:13
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share EAF New York Stock
- $425,000 — eceive base salary at an annual rate of $425,000. Mr. O'Donnell's base salary for 2024 w
Filing Documents
- gti-20240813.htm (8-K) — 29KB
- exhibit991pressrelease-cfo.htm (EX-99.1) — 9KB
- gti-20240813_g1.jpg (GRAPHIC) — 83KB
- image_0.jpg (GRAPHIC) — 83KB
- 0000931148-24-000105.txt ( ) — 491KB
- gti-20240813.xsd (EX-101.SCH) — 2KB
- gti-20240813_lab.xml (EX-101.LAB) — 21KB
- gti-20240813_pre.xml (EX-101.PRE) — 12KB
- gti-20240813_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 13, 2024, the Board of Directors (the "Board") of GrafTech International Ltd. (the "Company") appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Catherine Hedoux-Delgado, the Company's current Interim Chief Financial Officer and Treasurer, will serve as Vice President, Controller, beginning September 3, 2024. Mr. O'Donnell, age 46, previously served as Senior Vice President, Controller and Principal Accounting Officer of Covia Corporation, a provider of mineral-based and material solutions for the industrial and energy markets, since February 2019. While at Covia Corporation, he also served as Interim Chief Financial Officer from August 2022 to July 2023. At Covia Corporation, Mr. O'Donnell was responsible for internal and external financial reporting and compliance, tax planning and compliance, and managing working capital, among other responsibilities. Prior to Covia Corporation, Mr. O'Donnell served as Senior Vice President, Controller at Signet Jewelers Limited (NYSE: SIG), a retailer of diamond jewelry, from 2014 to 2019. Before joining Signet Jewelers Limited, Mr. O'Donnell served as Director, Accounting & Reporting at Cleveland-Cliffs Inc. (NYSE: CLF), a North America-based steel producer. Mr. O'Donnell began his career at KPMG LLP, a professional services firm. Mr. O'Donnell has a B.S. in Accounting from the University of Dayton and is a Certified Public Accountant licensed in Ohio. In connection with his employment, Mr. O'Donnell will receive base salary at an annual rate of $425,000. Mr. O'Donnell's base salary for 2024 will be prorated based on his start date. In addition to his base salary, Mr. O'Donnell will participate in the Company's performance-based annual cash incentive plan with a target o
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . 99.1 Press release of GrafTech International Ltd., dated August 1 3 , 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 13, 2024 By: /s/ Catherine Hedoux-Delgado Catherine Hedoux-Delgado Interim Chief Financial Officer and Treasurer