Myers Industries CEO Mike McGaugh departs; Dave Basque named interim CEO

MYERS INDUSTRIES INC

Michael McGaugh terminated as President and CEO effective immediately; Board engages national search.
Dave Basque, currently VP Special Projects, appointed Interim President and CEO; $50k/month stipend plus $500k completion bonus.
Executive retention program for CFO Grant Fitz and SVP Jeff Baker: cash bonus equal to 75% of base salary, payable after 1 year.
Basque led Myers' material handling injection molding and integration; prior 35 years at Dow Chemical.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael McGaugh

President and Chief Executive Officer

MYE · MYERS INDUSTRIES INC

Effective: 2024-09-09
Successor: Dave Basque
Filed: September 9, 2024, 7:59 PM ET

On September 9, 2024, Myers Industries, Inc. (the “Company”) issued a press release announcing the departure of Michael McGaugh, President and Chief Executive Officer, as an officer and director of the Company effective immediately

Appointed (interim)

Dave Basque

Interim President and Chief Executive Officer

MYE · MYERS INDUSTRIES INC

Effective: 2024-09-09
Filed: September 9, 2024, 7:59 PM ET

and the appointment by the Board of Directors of Dave Basque to serve as Interim President and Chief Executive Officer until a new President and Chief Executive Officer is appointed.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael McGaugh departed as President and Chief Executive Officer at MYERS INDUSTRIES INC.

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

On September 9, 2024, Myers Industries, Inc. (the “Company”) issued a press release announcing the departure of Michael McGaugh, President and Chief Executive Officer, as an officer and director of the Company effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dave Basque was appointed as Interim President and Chief Executive Officer at MYERS INDUSTRIES INC.

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

and the appointment by the Board of Directors of Dave Basque to serve as Interim President and Chief Executive Officer until a new President and Chief Executive Officer is appointed.

View on SEC.gov

MYERS INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-104584

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