Myers Industries (MYE) Proxy Filing summary

Executive summary

• New CEO and CFO appointments in 2025, with a strengthened management team and board refreshment, including new director nominees and retirements of long-serving members.

• Strategic plan refined, including a $20 million annualized cost reduction, divestiture of the MTS business, and focus on growth from the Signature Systems acquisition.

• 2025 stock performance up 72%, outpacing the S&P 500, with a focus on long-term value creation.

• “Focused Transformation” program launched to drive accountability, profitability, and cost control, achieving $20 million in annualized savings and $23 million returned to shareholders.

• 2025 financial highlights: net sales of $825.7M, gross margin up to 33.4%, adjusted EPS of $1.10, adjusted EBITDA of $124.2M, and $31M debt reduction.

Voting matters and shareholder proposals

• Shareholders to vote on: election of 8 directors for one-year terms, advisory approval of executive compensation, and ratification of Ernst & Young LLP as auditor.

• Board recommends voting “FOR” all director nominees and both proposals.

• Proxy access and shareholder nomination policies detailed, with clear procedures for submitting proposals and director nominations.

Board of directors and corporate governance

• Board comprised of 8 members (88% independent), with 33% gender diversity and 11% racial diversity.

• Annual director elections, independent board chair, and 100% committee independence.

• Board and committees conduct annual self-evaluations and regular executive sessions.

• Robust shareholder engagement, including outreach to top 30 shareholders and multiple communication channels.

• Board committees: Audit, Compensation and Management Development (CMD), and Governance, each with defined charters and responsibilities.