TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
Dec. 31, 2011
TRANSACTIONS WITH RELATED PARTIES	11. TRANSACTIONS WITH RELATED PARTIES The Company has a management agreement with the principal shareholder of Holdings pursuant to which this party provides management and other advisory services to the Company. The management agreement requires AGY to pay this party an annual management fee of $750 and to reimburse this party for out-of-pocket expenses incurred in connection with its services. The management agreement also provides that this party will receive transaction fees in connection with certain subsequent financings and acquisition transactions. The management agreement includes customary indemnification provisions in favor of this party and its affiliates. Under this Agreement, this related party was paid $750 for each of the two years ended December 31, 2010 and 2009. The management fees expensed in 2011 aggregated $750, of which $562.5 was paid and $187.5 was deferred. In the fourth quarter of 2011 the Company entered into an agreement with the principal shareholder of Holdings, pursuant to which this party guarantees in case of default of the Company, the payment of interim management and corporate advisory services to be rendered by a global professional services firm, up to approximately $2.9 million to be incurred during the engagement of the professional services firm since September 2011. Such fees, amounting to $695 have been accrued and expensed as of December 31, 2011 as restructuring costs (Note 8).

TRANSACTIONS WITH RELATED PARTIES

12 Months Ended

Dec. 31, 2011

11. TRANSACTIONS WITH RELATED PARTIES

The Company has a management agreement with the principal shareholder of Holdings pursuant to which this party provides management and other advisory services to the Company. The management agreement requires AGY to pay this party an annual management fee of $750 and to reimburse this party for out-of-pocket expenses incurred in connection with its services. The management agreement also provides that this party will receive transaction fees in connection with certain subsequent financings and acquisition transactions. The management agreement includes customary indemnification provisions in favor of this party and its affiliates. Under this Agreement, this related party was paid $750 for each of the two years ended December 31, 2010 and 2009. The management fees expensed in 2011 aggregated $750, of which $562.5 was paid and $187.5 was deferred.

In the fourth quarter of 2011 the Company entered into an agreement with the principal shareholder of Holdings, pursuant to which this party guarantees in case of default of the Company, the payment of interim management and corporate advisory services to be rendered by a global professional services firm, up to approximately $2.9 million to be incurred during the engagement of the professional services firm since September 2011. Such fees, amounting to $695 have been accrued and expensed as of December 31, 2011 as restructuring costs (Note 8).

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

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+ Details

AGY Holding Corp. 10-K/A