secwatch.observer — SEC 8-K summary
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Issuer:     GRAFTECH INTERNATIONAL LTD (EAF)
CIK:        0000931148
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0000931148-23-000097
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/931148/000093114823000097/0000931148-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/931148/000093114823000097/gti-20230613.htm
  HTML page:      https://secwatch.observer/filing/0000931148-23-000097

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