-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
KL/2of7FBt771XLHbfrpGDH82sn2nulibb1Wu+sBNxeJZUB9wgVeiECGtjwQEDis
IvtJ4YrT0ucmmzjpaQhdAA==
Date of report (Date of earliest event reported) February 22, 2005 MYERS INDUSTRIES, INC. Ohio 1-8524 34-0778636 (State or other jurisdiction (Commission (IRS Employer
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
(Exact name of registrant as specified in its charter)
of incorporation)
File Number)
Identification Number)
|
||
1293 South Main Street, Akron, OH |
|
44301 |
(Address of Principal Executive Offices) |
(Zip Code) |
Registrant's Telephone Number, including area code (330) 253-5592
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
||||
|
||||
|
||||
Item 1.01. |
Entry into a Material Definitive Agreement |
|||
|
||||
Mr. Wiskind was employed by the Company as an executive officer through December 30, 2004. Effective February 22, 2005, Mr. Wiskind entered into a settlement agreement with the Company regarding claims made by him in December 2004. The agreement required that he retire effective April 20, 2005 and grant the Company a two year non-competition agreement. Under the settlement agreement, the Company is to pay him $704,000 on April 20, 2005, and an additional $250,000 under a non-qualified, non-funded supplemental compensation agreement whereby as of May 1, 2005, the Company will pay him $25,000 per year for ten years. In 2004, the Company accrued the amount of $924,000 for these payments. Mr. Wiskind currently serves as a director of the Company, whose term expires on April 20, 2005. |
||||
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
Myers Industries, Inc. |
(Registrant) |
||
DATE February 22, 2005 |
|
By: |
/s/ Kevin C. O'Neil |
Kevin C. O'Neil |
|||
Vice President, General Counsel |
|||