<SEC-DOCUMENT>0000930413-14-001875.txt : 20140422
<SEC-HEADER>0000930413-14-001875.hdr.sgml : 20140422
<ACCEPTANCE-DATETIME>20140422155035
ACCESSION NUMBER:		0000930413-14-001875
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140422
DATE AS OF CHANGE:		20140422
EFFECTIVENESS DATE:		20140422

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:		14776265

	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
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<TYPE>DFAN14A
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<FILENAME>c77337_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">[X]&#9;Definitive Additional Materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]&#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>
<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>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Title of each class of securities to which transaction applies:</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Aggregate number of securities to which transaction applies:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>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):</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>Proposed maximum aggregate value of transaction:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>Total fee paid:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">[_]<FONT STYLE="font-size: 8pt">&#9;</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>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>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD><TD>Amount Previously Paid:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD><TD>Form, Schedule or Registration Statement No.:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3)</FONT></TD><TD>Filing Party:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4)</FONT></TD><TD>Date Filed:</TD></TR></TABLE>

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<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</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">2<BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On April 19, 2014, as part of 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&rsquo;s (collectively, &ldquo;Save GrafTech&rdquo;)
continuing discussions or communications with GrafTech International, Ltd.&rsquo;s (the &ldquo;Company&rdquo;) management, board
of directors and shareholders, and public statements, relating to the Company&rsquo;s upcoming annual meeting, Nathan Milikowsky
sent an e-mail (the &ldquo;Email&rdquo;) to W. Whitney George and certain other individuals at Royce &amp; Associates, LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The full text of the Email is
included below. Save GrafTech has previously filed each of the documents referenced in the Email with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) and each is available, at no charge, on the SEC&rsquo;s web site at www.sec.gov. Save GrafTech&rsquo;s definitive proxy statement was filed with the SEC on April 15, 2014. The shareholder letter and presentation were each filed with the SEC on April 17, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Good morning,<BR>
<BR>
I wanted to thank you all for taking the time to meet with David Jardini, Ed McCarthy and me. &nbsp;I apologize for the delay in
sending this message, but I hope you can understand that my days are crowded with meetings and travel. &nbsp;We very much appreciated
your generous allocation of time to the Save GrafTech situation, so I wanted to update you on recent events.<BR>
<BR>
First, I have taken the liberty of attaching Save GrafTech&rsquo;s definitive proxy statement and shareholder letter, which were
filed after our conversation. &nbsp;As you can see, we are no longer seeking control of the board &ndash; we are seeking to elect
a minority slate - three out of seven board seats. &nbsp;We are nominating Karen Finerman, David Jardini and myself to the board
of directors. &nbsp;Karen Finerman has over 20 years&rsquo; experience in investments and has a history of successful engagements
with portfolio companies. &nbsp;David and I have extensive experience in the steel and graphite electrode business (combined over
60 years of total experience). &nbsp;As GrafTech's largest individual shareholder and a long-term investor in the company, I believe
my perspective and objectives are identical to yours. In contrast, the directors that we are targeting for removal (Mary Cranston,
Steven Shawley and Ferrell McClean) have zero experience in the graphite electrode and steel business and have demonstrated utter
disregard for shareholder returns and interests.<BR>
<BR>
Second, I&rsquo;ve attached a recently filed revision of our Presentation, which includes a new section VI (beginning slide 59)
that specifically and individually refutes the incumbent Board&rsquo;s utterly false and groundless smear campaign against me.
&nbsp;In analyzing the Board&rsquo;s falsehoods campaign, I would ask you to consider (a) the evidence supporting the Board&rsquo;s
lies (none), ( b) the plausibility that I would undertake such actions and to what end I would do so (completely implausible),
and (c) the rationale for the Board pursuing this smear campaign (their actual performance is indefensible, so distraction and
defamation are their only options).<BR>
<BR>
Whitney, I wanted to thank you in particular for your excellent suggestion that I make my re-election to the board contingent upon
an independent review of the facts surrounding the incumbent board's false and baseless accusations against me. &nbsp;We immediately
took your idea to the Save GrafTech advisory team, and the concept was enthusiastically embraced. &nbsp;In fact, we incorporated
your suggestion into a settlement offer we made the next day, April 11. &nbsp;Specifically, we proposed that the newly constituted
board promptly retain an independent law firm and charge that firm with reporting to the board, based on a full review of the prior
investigations, whether those investigations cause it to conclude that I in fact did not meet the standards for membership on GrafTech's
Board of Directors. &nbsp;If that law firm concluded negatively with respect to the facts, I would promptly offer to resign from
the board. &nbsp;On the other hand, if the law firm did not conclude negatively, which I have absolute confidence would be the
case, I would be entitled to remain a director of GrafTech.<BR>
<BR>
Not surprisingly, and within the day, GrafTech's board rejected this eminently reasonable approach, further demonstrating that
their rejection of my proposal supports what I have been saying all along - the Special Committee&rsquo;s so-called investigation
was a total waste of time and significant expense that provided absolutely no support for their actions, allegations and smears.<BR>
<BR>
As I mentioned in our meeting, poor leadership at the board level is at the heart of GrafTech&rsquo;s &nbsp;disappointing performance
record. &nbsp;We believe that the only way to help fix GrafTech&rsquo;s problems and create meaningful shareholder value is to
elect all three of Save GrafTech&rsquo;s nominees to the board of directors.<BR>
<BR>
Karen, David and I would be very pleased to meet again with your team as the voting date approaches so that we may address any
questions or issues that you feel require attention.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><BR>
<BR>
In the meantime, if you have any questions or comments, please do not hesitate to call me directly.<BR>
<BR>
Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Nathan Milikowsky<BR>
<BR>
</P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Important
information</B></FONT>&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">On April 15, 2014 Save GrafTech filed
with the SEC and began distributing to the Company&rsquo;s stockholders
a definitive proxy statement and form of proxy (the &ldquo;Proxy Statement&rdquo;) in connection with the Company&rsquo;s 2014
annual meeting of stockholders. SAVE GRAFTECH STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO CAREFULLY REVIEW THE PROXY STATEMENT
BECAUSE IT CONTAINS IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE SAVE GRAFTECH&rsquo;S PARTICIPANTS IN SUCH PROXY
SOLICITATION. SAVE GRAFTECH&rsquo;S PROXY STATEMENT, AS FILED, AND ANY FURTHER AMENDMENTS, SUPPLEMENTS OR OTHER RELEVANT PROXY
SOLICITATION DOCUMENTS ARE AVAILABLE AT NO CHARGE ON THE SEC&rsquo;S WEB SITE AT WWW.SEC.GOV<FONT STYLE="text-transform: uppercase">,
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>

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