On May 06, 2024, Nilesh Undavia announced that he has issued a letter to shareholders of GrafTech International Ltd in connection with the election of directors at the Company?s 2024 Annual Meeting of Shareholders to be held on May 9, 2024. Nilesh Undavia added that he has attempted to engage with the Company for several months seeking to add shareholder representation to a Board that has displayed an unwillingness to acknowledge egregious management mistakes or present a credible plan to turn around the Company. Instead, the Company has tried to distract shareholders by engaging in personal attacks and misrepresenting the truth.

The Board?s abysmal track record of shareholder value destruction should seriously impugn its credibility and qualifications. Nilesh Undavia urged shareholders to vote the blue universal proxy card for change and improved corporate governance and mentioned that neither Debra Fine nor Anthony Taccone has the background, the experience or the alignment of interest to protect shareholder interests.