M&A - MYERS INDUSTRIES INC

Form Type: DEF 14A

Filing Date: 2025-03-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025039442

Filing Summary: The document outlines Myers Industries, Inc.'s Proxy Statement for the 2025 Annual Meeting of Shareholders, detailing significant leadership changes and acquisition updates. Notably, the Company completed the acquisition of Signature Systems for $350 million in February 2024, which is expected to enhance its market position in infrastructure and ground protection. Leadership transitions included appointing Aaron Schapper as President and CEO in January 2025 after a comprehensive search for a successor. The document also highlights Myers' financial performance for 2024, reporting net sales growth to $836.3 million and the initiation of a 'Focused Transformation' restructuring program aimed at achieving $20 million in annualized SG&A savings by the end of 2025. The upcoming annual meeting scheduled for April 24, 2025, will involve voting on various corporate governance matters.

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