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8-K - FORM 8-K - MYERS INDUSTRIES INCl42576e8vk.htm
EX-99.2 - EX-99.2 - MYERS INDUSTRIES INCl42576exv99w2.htm
Exhibit 99.1
     
(LOGO)
  News Release
 
  NYSE: MYE
     
Contact(s):
   
- Donald A. Merril, Vice President & Chief Financial Officer
  FOR IMMEDIATE RELEASE
- Max Barton, Director, Corporate Communications
   
- Monica Vinay, Director, Investor & Financial Relations
   
(330) 253-5592
   
Myers Industries Reports Results of 2011
Annual Meeting of Shareholders
Company’s Nominees for the Board of Directors Elected
May 2, 2011, Akron, Ohio — Myers Industries, Inc. (NYSE: MYE) announced that at its Annual Meeting of Shareholders held April 29, 2011, shareholders re-elected Vincent C. Byrd, Sarah R. Coffin, John B. Crowe, Richard P. Johnston, Edward W. Kissel, John C. Orr and Robert A. Stefanko, and elected William A. Foley and Robert B. Heisler, Jr., to the Company’s board of directors.
For the third consecutive year, nominees of GAMCO Asset Management failed to win a board seat.
President and Chief Executive Officer John C. Orr said, “I believe that the election of our board’s nominees by shareholders signals confidence in our strategic direction. We remain clearly focused on growing our business through customer dedication, innovation, operations excellence and organization development to demonstrate the financial strength of Myers Industries and increase value for all shareholders.”
Also at the Annual Meeting, shareholders ratified the appointment of Ernst and Young LLP as the Company’s independent registered public accounting firm for fiscal 2011, approved the non-binding advisory vote on executive compensation (“Say-on-Pay”), and recommended one year as the frequency for Say-on-Pay voting.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the U.S. The Company reported net sales from continuing operations of $737.6 million in 2010. Visit www.myersind.com to learn more.
Caution on Forward-Looking Statements: Statements in this release may include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking.” Words such as “expect,” “believe,” “project,” “plan,” “anticipate,” “intend,” “objective,” “goal,” “view,” and similar expressions identify forward-looking statements. These statements are based on management’s current views and assumptions of future events and financial performance and involve a number of risks and uncertainties, many outside of the Company’s control that could cause actual results to materially differ from those expressed or implied. Risks and uncertainties include: changes in the markets for the Company’s business segments; changes in trends and demands in the markets in which the Company competes; unanticipated downturn in business relationships with customers or their purchases; competitive pressures on sales and pricing; raw material availability, increases in raw material costs, or other production costs; future economic and financial conditions in the United States and around the world; ability to weather the current economic downturn; inability of the Company to meet future capital requirements; claims, litigation and regulatory actions against the Company; changes in laws and regulations affecting the Company; the Company’s ability to execute the components of its Strategic Business Evolution process; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Such reports are available from the Securities and Exchange Commission’s public reference facilities and its web site at http://www.sec.gov, and from the Company’s Investor Relations section of its web site, at http://www.myersindustries.com. Myers Industries undertakes no obligation to publicly update or revise any forward-looking statements contained herein. These statements speak only as of the date made.
Myers Industries Announces Intent to Sell Businesses in Its Automotive and Custom Segment
     
1293 South Main Street Akron, Ohio 44301 (330) 253-5592 Fax: (330) 761-6156
  NYSE / MYE
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