MYERS INDUSTRIES, INC. (NYSE:MYE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 in a Current Report on Form 8-K filed April 28, 2017 (the “Original Filing”), in which Myers Industries, Inc. (the “Company”) reported voting results for its Annual Meeting of Shareholders held on April 26, 2017, including the voting results for the Company’s advisory vote on the frequency of future advisory votes on executive compensation (the “Frequency Proposal”). Except for the foregoing, this Amendment does not modify or update any other disclosure contained in the Original Filing, and this Amendment should be read in conjunction with the Original Filing.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 28, 2017, the Company reported in the Original Filing that a majority of the votes cast on the Frequency Proposal were cast in favor of conducting advisory votes on executive compensation annually. On May 30, 2017, after taking into consideration the shareholder vote cast on the Frequency Proposal and other factors, the Company’s Board of Directors determined that the Company will conduct advisory votes to approve the compensation of the Company’s executive officers on an annual basis. Accordingly, the Company will include an advisory vote on executive compensation in its proxy materials every year until the next shareholder vote on the frequency of such votes is held which will be no later than the Company’s 2023 Annual Meeting of the Shareholders.
About MYERS INDUSTRIES, INC. (NYSE:MYE)
Myers Industries, Inc. is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. The Material Handling segment offers products under the brands, including Buckhorn, Novel, Jamco Products and Akro-Mils. The Distribution segment offers products under the brands, including the Myers Tire Supply, Myers Tire Supply International and Patch Rubber Company brands. It operates approximately 20 manufacturing facilities, 20 sales offices, four distribution centers and over three distribution branches located across North, Central and South America. It offers approximately 15,500 manufactured products and 12,500 distributed products. MYERS INDUSTRIES, INC. (NYSE:MYE) Recent Trading Information
MYERS INDUSTRIES, INC. (NYSE:MYE) closed its last trading session up +0.25 at 17.15 with 38,918 shares trading hands.