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
Date of report (Date of earliest event reported) March 21, 2012
MYERS INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Ohio | 1-8524 | 34-0778636 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) | ||
1293 South Main Street, Akron, OH |
44301 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants 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 8.01. Other Events.
On March 21, 2012, Myers Industries, Inc. announced that it had been named one of Americas 100 Most Trustworthy Companies in an annual survey commissioned by Forbes. The list ranks the nations top 100 companies that have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management. The full text of the press release issued in connection with this announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
99.1 | Press Release of Myers Industries, Inc. dated March 21, 2012 |
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. | ||||||
(Registrant) | ||||||
DATE: March 23, 2012 | By: | /s/ Donald A. Merril | ||||
Donald A. Merril | ||||||
Senior Vice President, Chief Financial Officer and Corporate Secretary |
EXHIBIT 99.1
|
News Release | |
NYSE: MYE | ||
Contact: Max Barton Director, Corporate Communications (330) 761-6106 |
Myers Industries Named One of Americas Most
Trustworthy Companies by Forbes
March 21, 2012, Akron, Ohio Myers Industries, Inc. (NYSE: MYE) has been named one of Americas 100 Most Trustworthy Companies in an annual survey commissioned by Forbes. Myers was ranked in the Small-Cap Company category, with an accounting and governance risk (AGR) score of 94 out of a possible 100, and an average score of 92 over the last four quarters.
Conducted for Forbes.com by GovernanceMetrics International (GMI), a leading independent provider of global corporate governance and accounting risk ratings and research on public companies, the list ranks the nations top 100 companies that have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.
According to Forbes.com, GMI finds these companies do not play games with revenue and expense recognition, or with asset valuation and GMIs evaluation penalizes companies for unusual or excessive executive compensation, high levels of management turnover, substantial insider trading relative to their corporate peers, or high levels of short-term executive compensation, which encourages management to focus on short-term results.
Myers Industries works very hard to earn the trust of our stakeholders through clear and transparent reporting and corporate governance best practices, said President and Chief Executive Officer John C. Orr. We are very proud that these efforts have been recognized, and that Myers Industries has been named as one of Americas most trustworthy companies.
Forbes.coms Top 100 Most Trusted Companies list was compiled by GMI scanning more than 8,000 companies traded on U.S. exchanges with market caps of $250 million or more. Companies are grouped into Large-, Mid- and Small Cap subcategories, and each quarter they receive an AGR score based on GMIs proprietary modeling, which evaluates practices that correlate with shareholder risk.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the U.S. The Company reported net sales from continuing operations of $755.7 million in 2011. Visit www.myersind.com to learn more.
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