Ferro Corp. and the FrontFour Capital Group and Quinpario Partners announced that they have reached an agreement in connection with the company's 2013 Annual Meeting of Shareholders. Under the terms of the agreement, two members of the FrontFour-Quinpario Group, Jeffry N. Quinn and David A. Lorber, will stand for election as Ferro nominees to the Board of Directors at Ferro's 2013 Annual Meeting on May 15, 2013.

A third member of the FrontFour-Quinpario Group, Nadim Z. Qureshi, will not stand for election. Ronald P. Vargo, a current member of the Ferro Board, will be the third candidate for election to the Board of Directors. Richard C. Brown and Gregory E. Hyland will not stand for reelection at the 2013 Annual Meeting.

Accordingly, the Company's slate of nominees shall consist of Mr. Quinn, Mr. Lorber and Mr. Vargo. Sandra Austin will resign from the Board at the 2013 Annual Meeting, and Mr. Hyland will be appointed by the Board to the class of directors to serve through the 2014 Annual Meeting to fill the vacancy created by Ms. Austin's resignation.