GrafTech Faces Existential Challenges, Institutional Shareholder Services Report Supports Shareholder Concerns
Author: Benzinga Newsdesk | April 30, 2024 04:25am
- Nilesh Undavia Believes Incumbent Directors Cannot Be Trusted After Destroying 90% of Shareholder Value
- Another Disappointing Earnings Report Shows GrafTech Appears to Lack Credibility with Investors
- Independent Analyst Recognizes the Urgent Need for Change
On April 26, 2024, independent proxy advisory firm Institutional Shareholder Services Inc. ("ISS") published a report regarding the upcoming election.1
- ISS acknowledges that our campaign "has successfully highlighted some of the [C]ompany's many pressing and existential issues" and agrees with us that, "the issues facing the [C]ompany are serious, and if not adequately handled, may soon prove to be existential."
- ISS emphasizes, as did we, that GrafTech's Total Shareholder Return (TSR) "trails its peer median and the relevant index over the past one-, three- and five- year periods… and since the [C]ompany's April 19, 2018 IPO," displaying the massive destruction of shareholder value under this Board and management team.
Posted In: EAF
