8-KThe WireRed Alert
Executive Change
Filed Oct 18, 2019 · 6y ago · Accession 0001193125-19-270062
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): October 15, 2019
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
Registrants 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 October 15, 2019, the Board of Directors (the
Board) of Myers Industries, Inc. (the Company) approved an executive retention program in which certain executive officers, including Andrean R. Horton, Esq., the Companys Executive Vice President and Chief Legal
Officer, whom the Board has appointed as Interim President and Chief Executive Officer effective October 25, 2019, and Kevin L. Brackman, Executive Vice President and Chief Financial Officer, were provided on October 16, 2019 (i) an
executive cash bonus retention award of $100,000, payable in equal installments on the first two anniversaries of the award, and (ii) a stock unit retention award of 6,112 stock units, equivalent to $100,000 based on the closing price of the
Companys common stock on October 16, 2019, subject to vesting and settlement in equal installments on the first three anniversaries of the stock unit retention award. The foregoing summary of the cash bonus and stock unit retention awards
is not complete and is qualified in its entirety by reference to the full and complete terms of the awards, the forms of which are attached to this Current Report on Form 8-K as Exhibits 10.1 and 10.2, and are
incorporated herein by reference. The forms of the cash bonus and stock unit retention awards were also filed as Exhibits 10.1 and 10.2 to the Companys Current Report on Form 8-K/A filed on
October 18, 2019.
Item 9.01
Financial Statements and Exhibits.
Exhibit
Number
Description
10.1
Form of Notice of Award of Executive Retention Cash Bonuses
10.2
Form of Stock Unit Award Agreement
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/ Andrean R. Horton
Andrean R. Horton, Esq.
Executive Vice President,
Chief Legal Officer and Secretary
Date: October 18, 2019
Filing details
- Company
- MYERS INDUSTRIES INC
- Ticker
- MYE
- CIK
- 69488
- Form type
- 8-K
- Filing date
- Oct 18, 2019
- Report date
- Oct 15, 2019
- Document
- d814317d8k.htm
- Size
- 64 KB