8-K

0000950170-22-010346.txt : 20220519 0000950170-22-010346.hdr.sgml : 20220519 20220519170250 ACCESSION NUMBER: 0000950170-22-010346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220517 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220519 DATE AS OF CHANGE: 20220519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MYERS INDUSTRIES INC CENTRAL INDEX KEY: 0000069488 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 340778636 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08524 FILM NUMBER: 22943989 BUSINESS ADDRESS: STREET 1: 1293 S MAIN ST CITY: AKRON STATE: OH ZIP: 44301 BUSINESS PHONE: 330-253-5592 MAIL ADDRESS: STREET 1: 1293 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44301 FORMER COMPANY: FORMER CONFORMED NAME: MYERS TIRE SUPPLY CO DATE OF NAME CHANGE: 19720609 8-K 1 mye-20220517.htm 8-K 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 17, 2022

Myers Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

Ohio

001-8524

34-0778636

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1293 South Main Street, Akron, Ohio 44301

(Address of Principal Executive Offices, and Zip Code)

(330) 253-5592

Registrant’s Telephone Number, Including Area Code

(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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, without par value	MYE	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 19, 2022, Myers Industries, Inc. (the “Company”) issued a press release announcing that Sonal Robinson, the Company’s Executive Vice President and Chief Financial Officer, has submitted her resignation. Ms. Robinson will remain in her role until July 1, 2022 in order to provide a smooth transition. Monica Vinay, the Company’s Vice President, Investor Relations and Treasurer, has been named Interim Chief Financial Officer effective upon Ms. Robinson’s departure. The Company has launched a formal search process to identify the Company’s permanent chief financial officer. These leadership changes are not the result of any matters relating to the Company’s accounting practices or financial statements. The full text of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Ms. Vinay, age 53, has served as the Company’s Vice President, Investor Relations and Treasurer since 2013. Ms. Vinay will receive a supplemental monthly payment of $5,000 in addition to her base salary of $301,050 for the period during which Ms. Vinay serves as the Company’s Interim Chief Financial Officer.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number		Description

99.1		Press Release, dated May 19, 2022
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

	By:	/s/ Sonal P. Robinson
		Sonal P. Robinson
		Executive Vice President and Chief Financial Officer

Date: May 19, 2022

EX-99.1 2 mye-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

Myers Industries Announces CFO Transition Plan

May 19, 2022, Akron, Ohio - Myers Industries, Inc. (NYSE: MYE) today announced the upcoming departure of Sonal Robinson, Executive Vice President and Chief Financial Officer. Ms. Robinson joined the Company in February 2021, was appointed Chief Financial Officer effective March 15, 2021, and has resigned to pursue other opportunities. To support a smooth transition, Ms. Robinson will continue in her role at Myers until July 1, 2022. Monica Vinay, Vice President, Investor Relations and Treasurer, has been named Interim Chief Financial Officer and will assume that role upon Ms. Robinson’s departure. The Company has launched a formal search process to identify a permanent successor.

“On behalf of everyone at Myers Industries, I’d like to express my gratitude to Sonal for her outstanding leadership, consistent partnership, and financial stewardship. Sonal has played a central role during one of the most significant periods in the Company’s history,” said Myers Industries’ President and Chief Executive Officer Mike McGaugh. “Her contributions have been a key factor in the important steps we’ve taken to transform the Company. Sonal has elevated the finance organization and strengthened the team through her commitment to excellence and talent development. We are fortunate to have benefited from her talents, and we appreciate everything she’s done for the Company. Monica Vinay is a well-respected and accomplished colleague, and she, along with our experienced finance leadership team, has my full confidence in leading the Finance function as a search for a permanent CFO is conducted.”

Ms. Robinson said, “I am extremely proud of our accomplishments during this transformational period in the Company’s history. It has been a pleasure working alongside such dedicated and talented colleagues and I wish them continued success in the execution of Myers’ long-term strategy.”

About Myers Industries

Myers Industries, Inc. manufactures polymer and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Visit www.myersindustries.com to learn more.

Contact:

Monica Vinay

Vice President, Investor Relations & Treasurer

(330) 761-6212

M-GU

Source: Myers Industries, Inc.

1

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Document and Entity Information	May 17, 2022
Cover [Abstract]
Entity Registrant Name	Myers Industries, Inc.
Amendment Flag	false
Entity Central Index Key	0000069488
Document Type	8-K
Document Period End Date	May 17, 2022
Entity Incorporation State Country Code	OH
Entity File Number	001-8524
Entity Tax Identification Number	34-0778636
Entity Address, Address Line One	1293 South Main Street
Entity Address, City or Town	Akron
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44301
City Area Code	330
Local Phone Number	253-5592
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, without par value
Trading Symbol	MYE
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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