8-K
filed April 28, 2023, 7:59 PM ET
ticker MYE
CIK 0000069488
other material
confidence high
sentiment neutral
materiality 0.40
Myers Industries amends severance plan; annual meeting elects directors and approves advisory votes
MYERS INDUSTRIES INC
- Amended severance plan: CEO gets 1.5x salary (non-CIC) or 2.5x salary+bonus (CIC); other officers get 1x or 1.5x.
- Covered officers include CEO Mike McGaugh, incoming CFO Grant Fitz, and others.
- Shareholders elected all 8 director nominees; 93.72% of shares represented at meeting.
- Advisory vote on executive compensation approved with 99% of votes cast; frequency set to annual until 2029.
- Ratification of Ernst & Young as auditor for FY2023 passed overwhelmingly.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Grant E. Fitz was appointed as Executive Vice President and Chief Financial Officer at MYERS INDUSTRIES INC.
- Action
- appointed
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
upon his appointment as Executive Vice President and Chief Financial Officer effective May 8, 2023, Grant E. Fitz, are eligible to participate as Covered Officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MYERS INDUSTRIES INC shareholders approved Advisory vote on frequency of advisory vote on executive compensation at the 2023-04-27 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal No. 2. Advisory Vote on Frequency of Advisory Vote on Executive Compensation. The Company’s shareholders recommended, on an advisory basis, a frequency of “one year” for holding future advisory votes on executive compensation: One Year 30,387,235 Two Years 19,224 Three Years 1,540,276 Abstain 942,634 Broker Non-Vote 1,383,684
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MYERS INDUSTRIES INC shareholders approved Election of eight directors to hold office until the 2024 annual meeting at the 2023-04-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal No. 1. Election of Directors. The Company’s shareholders elected, with the respective votes set forth opposite their names, the following persons to the Company’s Board of Directors to hold office until the 2024 annual meeting of shareholders or until their successors are duly elected and qualified:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MYERS INDUSTRIES INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-04-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal No. 4. Ratification of Appointment of Independent Registered Public Accounting Firm. The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2023. Voting results on this proposal were as follows: For 33,672,692 Against 354,932 Abstain 245,429 Broker Non-Vote —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MYERS INDUSTRIES INC shareholders approved Advisory vote to approve 2022 executive compensation at the 2023-04-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal No. 3. Advisory Vote to Approve Executive Compensation. The Company’s shareholders, by adopting a non-binding advisory resolution, approved the 2022 compensation of the Company’s named executive officers, with over 99% of the total shares voted being cast “for” the proposal. Voting results on this proposal were as follows: For 31,530,445 Against 286,307 Abstain 1,072,617 Broker Non-Vote 1,383,684
View on SEC.gov
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