GrafTech amends CEO Kessler's deal with higher severance; adds board member Donoso

GRAFTECH INTERNATIONAL LTD

Relocation to Cleveland deadline extended to March 31, 2024; eligible for up to $100K expense reimbursement.
Annual housing allowance in Switzerland raised to CHF 50,000 per year (previously only first year).
Personal tax gross-up if foreign tax liabilities exceed 50% of base salary plus annual incentive in Switzerland.
Severance increased to 1.5x base salary plus target annual incentive (from 1x) for termination without cause/good reason.
Board expanded to 9 directors; Diego Donoso (former Dow executive) appointed to Class I and Audit Committee.

item 5.02 item 9.01

Executive movements

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Appointed

Diego Donoso

Director

EAF · GRAFTECH INTERNATIONAL LTD

Effective: 2023-06-13
Filed: June 13, 2023, 7:59 PM ET

To fill the Class I directorship vacancy resulting from the increase of the size of the Board, on June 13, 2023, the Board appointed Diego Donoso as director, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Diego Donoso was appointed as Director at GRAFTECH INTERNATIONAL LTD.

Action: appointed
Role: Director

Exact text from the filing

To fill the Class I directorship vacancy resulting from the increase of the size of the Board, on June 13, 2023, the Board appointed Diego Donoso as director, effective immediately.

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GRAFTECH INTERNATIONAL LTD filing history →

Source: SEC EDGAR

accession 0000931148-23-000097

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