Libbey Inc. announced that the Plan provides that on the Effective Date, the members of the company’s board of directors will be deemed to have resigned, other than Patrick J. Bartels, Jr., who will also be appointed as the sole officer of the Company. Each of the Company’s remaining current directors and current executive officers will cease to be directors and officers of the Company on the Effective Date. Under the Plan, the leadership team will remain in place at a new entity formed thereunder and will continue to operate the business.