<SEC-DOCUMENT>0000930413-14-001363.txt : 20140321
<SEC-HEADER>0000930413-14-001363.hdr.sgml : 20140321
<ACCEPTANCE-DATETIME>20140321073924
ACCESSION NUMBER:		0000930413-14-001363
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140321
DATE AS OF CHANGE:		20140321
EFFECTIVENESS DATE:		20140321

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRAFTECH INTERNATIONAL LTD
		CENTRAL INDEX KEY:			0000931148
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				061385548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13888
		FILM NUMBER:		14708273

	BUSINESS ADDRESS:	
		STREET 1:		12900 SNOW ROAD
		CITY:			PARMA
		STATE:			OH
		ZIP:			44130
		BUSINESS PHONE:		2166762000

	MAIL ADDRESS:	
		STREET 1:		12900 SNOW ROAD
		CITY:			PARMA
		STATE:			OH
		ZIP:			44130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UCAR INTERNATIONAL INC
		DATE OF NAME CHANGE:	19941011

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Milikowsky Nathan
		CENTRAL INDEX KEY:			0001506746

	FILING VALUES:
		FORM TYPE:		DFAN14A

	MAIL ADDRESS:	
		STREET 1:		C/O JORDANMILL VENTURES, LLC
		STREET 2:		822 BOYLSTON STREET, SUITE 106
		CITY:			CHESTNUT HILL
		STATE:			MA
		ZIP:			02467
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>c76947_dfan14a.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white"><B>UNITED
STATES</B></FONT><B><BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white"><B>SCHEDULE
14A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white">Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934<BR>
<BR>
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
by the Registrant </FONT>[_]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filed
by a Party other than the Registrant </FONT>[X]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;Preliminary Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;<B>Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2))</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;Definitive Proxy Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[_]&#9;Definitive Additional Materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[X]&#9;Soliciting Material under &sect;240.14a-12</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>GRAFTECH
INTERNATIONAL LTD.</B></FONT><BR>
<FONT STYLE="font-size: 8pt">(Name of Registrant as Specified In Its Charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="background-color: white"><B>NATHAN
MILIKOWSKY</B></FONT><B><BR>
<FONT STYLE="background-color: white">DANIEL MILIKOWSKY</FONT><BR>
<FONT STYLE="background-color: white">NM GTI INVESTMENTS LLC</FONT><BR>
<FONT STYLE="background-color: white">DANIEL MILIKOWSKY FAMILY HOLDINGS, LLC</FONT><BR>
<FONT STYLE="background-color: white">THE DANIEL AND SHARON MILIKOWSKY FAMILY FOUNDATION, INC.</FONT><BR>
<FONT STYLE="background-color: white">THE REBECCA AND NATHAN MILIKOWSKY FAMILY FOUNDATION</FONT><BR>
<FONT STYLE="background-color: white">KAREN FINERMAN</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>DAVID
R. JARDINI</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>FRANK A. RIDDICK III</B></FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>CARROLL R. WETZEL, JR</B></FONT><BR>
<FONT STYLE="font-size: 8pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[X]<FONT STYLE="font-size: 8pt">&#9;</FONT>No fee required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]<FONT STYLE="font-size: 8pt">&#9;</FONT>Fee computed on
table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title of each class of securities
to which transaction applies:
</P>

<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate number of securities
to which transaction applies:</P>
<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Per unit price or other underlying
value of transaction computed pursuant to Exchange Act Rule<BR>
0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</P>
<p></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proposed maximum aggregate
value of transaction:</P>
<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total fee paid:</P>
<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]<FONT STYLE="font-size: 8pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Fee paid previously
with preliminary materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: -0.5in">[_]<FONT STYLE="font-size: 8pt">&#9;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of
its filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amount Previously Paid:</P>

<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form, Schedule or Registration
Statement No.:</P>
<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filing Party:</P>
<p></P>

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<P></p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date Filed:</P>
<p></P>

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<P></p>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="background-color: white"><B>NATHAN
MILIKOWSKY<BR>
DANIEL MILIKOWSKY<BR>
NM GTI INVESTMENTS LLC<BR>
DANIEL MILIKOWSKY FAMILY HOLDINGS, LLC<BR>
THE DANIEL AND SHARON MILIKOWSKY FAMILY FOUNDATION, INC.<BR>
THE REBECCA AND NATHAN MILIKOWSKY FAMILY FOUNDATION<BR>
KAREN FINERMAN<BR>
DAVID R. JARDINI<BR>
FRANK A. RIDDICK III<BR>
CARROLL R. WETZEL, JR.</B></FONT></P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On March 20, 2014,
Nathan Milikowsky, Daniel Milikowsky, NM GTI Investments LLC, The Daniel Milikowsky Family Holdings, LLC, The Daniel and Sharon
Milikowsky Family Foundation, Inc., and The Rebecca and Nathan Milikowsky Family Foundation (collectively, &ldquo;Save GrafTech&rdquo;)
issued a press release relating to Graftech International Ltd. (the &ldquo;Company&rdquo;), a copy of which is filed herewith as
Exhibit 1 and incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">On
February 25, 2014, save graftech filed a preliminary proxy statement with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
in connection with the 2014 annual meeting of the Company. The preliminary proxy statement is available at no charge on the SEC&rsquo;s
web site at www.sec.gov and contains information related to save graftech and a description of save graftech&rsquo;s direct
or indirect interests, by security holdings. Save graftech intends to file a definitive proxy statement and accompanying proxy
card to be used to solicit proxies from the stockholders of the Company. All stockholders of the Company are advised to read the
proxy statement and other documents related to the solicitation of proxies by save graftech when they become available because
they contain important information, including additional information related to save graftech and a description of its direct
or indirect interests. When completed, the definitive proxy statement and form of proxy will be furnished to some or all of the
stockholders of the Company and will, along with the preliminary proxy STATEMENT and other relevant documents, be available at
no charge on the SEC&rsquo;s web site at www.sec.gov, or by CONTACTING D.F. KING &amp; CO., INC. BY TELEPHONE AT THE FOLLOWING
NUMBERS: BANKS AND BROKERS CALL COLLECT: (212) 269-5550 AND ALL OTHERS, INCLUDING SHAREHOLDERS, CALL TOLL-FREE: (800) 628-8532.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: center">3</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 1</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&ldquo;SAVE GRAFTECH&rdquo;
INVESTOR GROUP CONFIRMS WILLINGNESS</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>TO REACH REASONABLE
COMPROMISE WITH GRAFTECH BOARD</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"><B>NEW YORK, March 20, 2014 &ndash; </B>Save GrafTech, an
investor group led by Nathan Milikowsky, a former director of GrafTech International Ltd. (NYSE: GTI) and owner of over 11.2% of
the Company&rsquo;s common stock, today confirmed it has been engaging in discussions with the Company regarding a potential settlement
that would avoid a contested election at the 2014 Annual Meeting of Shareholders. GrafTech rejected a settlement proposal from
&ldquo;Save GrafTech&rdquo; that would have given the investor group minority representation on a nine-member Board.</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">Mr. Milikowsky stated, &ldquo;We were surprised and disappointed
that GrafTech would issue a press release just hours after we had concluded a meeting and were expecting to continue private discussions.
It is unfortunate that GrafTech would go public while we were still negotiating a potential resolution in good faith, but we remain
open to continuing our dialogue.&rdquo;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">In January 2014, the investor group nominated five highly
qualified candidates for election to GrafTech&rsquo;s seven-member Board. The &ldquo;Save GrafTech&rdquo; nominees &ndash; Karen
Finerman, David Jardini, Nathan Milikowsky, Frank Riddick and Carroll Wetzel &ndash; have the relevant industry experience and
skills necessary to address the continuing strategic, operational and governance issues that we believe have led to significant
and prolonged shareholder value destruction. Over the past 10 years, GrafTech has produced a total shareholder return of negative
15.1%</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">At a meeting with Nathan Milikowsky on March 16, 2014, Joel
Hawthorne, GrafTech&rsquo;s newly appointed Chief Executive Officer, presented a settlement proposal to Mr. Milikowsky in which
GrafTech would agree to add only Karen Finerman and David Jardini to the GrafTech Board in exchange for an agreement by the investor
group to support the Company&rsquo;s Board nominees in the next two director elections.</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">Nathan Milikowsky responded to this settlement offer on
March 18, 2014 with a compromise under which (i) five incumbent directors would continue on the Board, (ii) four of the Save GrafTech
nominees, including Mr. Milikowsky, GrafTech&rsquo;s largest non-institutional shareholder, would join the Board, (iii) Chairman
Craig Shular and Lead Director Mary Cranston would step down, (iv) the newly constituted Board would elect a new Chairman, and
(v) the investor group would agree to a standstill for 2014.</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">Mr. Milikowsky stated, &ldquo;We believe it is critical
to refresh GrafTech&rsquo;s Board with highly qualified, independent nominees who can bring relevant experience and new perspectives
to effect real change at the Company. As a newly appointed CEO, we believe Mr. Hawthorne deserves the oversight of experienced
directors who understand the graphite electrode business. While we strongly believe that replacing a majority of the incumbent
directors is the best course of action, we attempted to reach a compromise for minority representation that would enable the Board
to implement the strategic initiatives and organizational changes necessary to unlock and protect value for all shareholders.&rdquo;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">On March 19, 2014, Mr. Hawthorne presented a counterproposal
to Mr. Milikowsky under which (i) Save GrafTech nominees David Jardini and Karen Finerman would join the Board, (ii) two independent
nominees selected by GrafTech&rsquo;s Nominating and Governance Committee would be added to the Board,</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">(iii) GrafTech&rsquo;s Board
would increase to 11 directors, and (iv) the investor group would agree to support the Company&rsquo;s Board nominees in the next
two director elections.</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">Mr. Milikowsky added, &ldquo;I thought our discussions were
moving forward constructively and was hopeful the GrafTech Board would be willing to agree to a reasonable compromise to avoid
a proxy contest. Unfortunately, the Company&rsquo;s latest proposal is a step backward from its initial proposal because it offers
us only two of eleven Board seats instead of two of nine. I can only interpret it as an indication of the current GrafTech Board&rsquo;s
entrenchment.&rdquo;</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Media:</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">George Sard/Ren&eacute;e Soto/Jared Levy</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Sard Verbinnen &amp; Co</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">(212) 687-8080</P>



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