secwatch.observer — SEC 8-K summary
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Issuer:     GRAFTECH INTERNATIONAL LTD (EAF)
CIK:        0000931148
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0000931148-24-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrafTech appoints Timothy Flanagan as permanent CEO and President, effective immediately
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- Flanagan had served as interim CEO since November 2023; now permanently appointed after board search.
- Board size increased from 7 to 8; Flanagan elected as Class I director, effective March 26, 2024.
- Base salary increased to $702,000/year; STIP target remains 100% of base; LTI target 200% of base plus stipend.
- Severance benefit raised to 1.5x base salary and STIP target for termination without cause or good reason.
- Cites Flanagan's steel industry experience from over a decade at Cleveland-Cliffs as key to leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/931148/000093114824000045/0000931148-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/931148/000093114824000045/gti-20240326.htm
  HTML page:      https://secwatch.observer/filing/0000931148-24-000045

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