KEMET Corporation announced that in accordance with the terms of the Merger Agreement, and effective as of the Effective Time, each of Gurminder S. Bedi, Wilfried Backes, William M. Lowe, Jr., Jacob Kotzubei, E. Erwin Maddrey, Yasuko Matsumoto, Robert G. Paul and Karen M. Rogge no longer serve on the board of directors of the Company and were replaced with the members of the board of directors of Acquisition Sub. As of and immediately following the Effective Time, Tie-Min Chen and Deng-Rue Wang became directors of the Company, and Frank G. Brandenberg remained a director of the Company. Each of Messrs. Brandenberg, Chen and Wang will serve on the Board until their respective successors are duly elected and qualified or until their earlier death, resignation or removal. In addition, the incumbent officers of the Company immediately prior to the Effective Time continued as the officers of the Surviving Corporation and will serve as officers until their respective successors are duly elected or appointed and qualified in accordance with applicable law or their earlier death, resignation or removal.