Ferro Receives Notice Announcing Shareholder’s Intent to Nominate Directors
CLEVELAND -- January 24, 2013
Ferro Corporation (NYSE: FOE, “Ferro” or the “Company”) has received a letter
from FrontFour Master Fund, Ltd., expressing its intention to nominate three
individuals to Ferro’s Board of Directors at the 2013 Annual Meeting of
Shareholders. Ferro has not announced the date of the 2013 Annual Meeting of
Ferro issued the following statement in response: Ferro values input from its
shareholders and welcomes investors who believe in the potential of the
Company. The Board and management team are committed to creating value for all
shareholders through successful execution of our strategy. Previously
announced strategic initiatives are well underway and updates will be provided
In connection with its 2013 Annual Meeting of Shareholders, the Company will
file a proxy statement and other documents regarding the 2013 Annual Meeting
with the SEC and will mail the definitive proxy statement and a proxy card to
each shareholder of record entitled to vote at the 2013 Annual Meeting.
SHAREHOLDERS ARE ENCOURAGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. The final proxy statement will be mailed to
shareholders. Investors and security holders will be able to obtain the
documents free of charge at the SEC’s website, www.sec.gov, from Ferro at its
website, www.ferro.com, or 6060 Parkland Boulevard, Mayfield Heights, Ohio
44124, Attention: Corporate Secretary.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies in connection with the 2013 Annual
Meeting. Information concerning the Company’s participants is set forth in the
proxy statement, dated March 28, 2012, for its 2012 Annual Meeting of
Shareholders as filed with the SEC on Schedule 14A. Additional information
regarding the interests of participants of the Company in the solicitation of
proxies in respect of the 2013 Annual Meeting of Shareholders and other
relevant materials will be filed with the SEC when they become available.
About Ferro Corporation
Ferro Corporation (http://www.ferro.com) is a leading global supplier of
technology-based performance materials for manufacturers. Ferro materials
enhance the performance of products in a variety of end markets, including
building construction and renovation, automotive, appliances, electronics,
household furnishings, pharmaceuticals, and industrial products.
Headquartered in Mayfield Heights, Ohio, the Company has approximately 5,100
employees globally and reported 2011 sales of $2.2 billion.
John Bingle, Treasurer, 216-875-5411
Mary Abood, Director, Corporate Communications, 216-875-5401
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