MYE 8-K
Myers Industries Inc (MYE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 September 5, 2025, Myers Industries, Inc. (the “Company”) issued a press release announcing the appointment of Samantha Rutty as the Company’s Executive Vice President and Chief Financial Officer effective September 22, 2025. Daniel Hoehn, who was appointed as Interim Chief Financial Officer effective May 2, 2025, as first reported in the Company’s Current Report on Form 8-K filed on April 2, 2025, will continue to serve as Interim Chief Financial Officer through September 22, 2025, on which date he will continue to serve as the Company’s Vice President and Corporate Controller. The full text of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Ms. Rutty, age 44, most recently served as Vice President and Chief Financial Officer, North America, of The Brink’s Company (NYSE: BCO), from November 2022 through present. Brink’s is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Prior to that role, Ms. Rutty served in a variety of leadership roles in finance at Eaton Corporation plc (NYSE: ETN) for over 20 years, including Director of Finance of eMobility from May 2021 through November 2022, Division Controller – Fluid and Electrical Distribution from January 2020 through April 2021, and Division Controller – Fuel and Motion Controls Aerospace from June 2014 through January 2020. Eaton is a global power management company helping customers solve their greatest power challenges through industry leading electrical, aerospace, hydraulic and vehicle products and services.
Ms. Rutty’s base salary initially will be $450,000, subject to annual review. She will receive upon commencement of employment (i) a cash bonus in the amount of $580,000, payable in two installments, with $290,000 payable on the first regular payroll date following her start date, and $290,000 payable on the first regular payroll date following the six month anniversary of her start date conditioned on her continued employment until that time, (ii) an award of restricted stock units subject to pro-rata vesting over a two-year period with a grant date value of $315,000, and (iii) an award of performance-based stock units with a grant date target value of $315,000 subject to vesting on March 16, 2028 based on Company performance on financial metrics determined by the Compensation and Management Development Committee of the Board of Directors (the “CMD”).
Ms. Rutty will be eligible to participate in the following compensation and benefit programs of the Company: (i) the annual incentive program at a target benefit of 70% of her annual base salary, on a pro-rated basis for the 2025 calendar year, (ii) beginning in the 2026 calendar year, the long-term incentive program at a target award value of 140% of her annual base salary, comprised 50% of restricted stock units subject to pro-rata vesting over a three-year period, and 50% of performance-based stock units subject to vesting at the end of three years based on Company performance on financial metrics to be determined by the CMD, and (iii) the Senior Officer Severance Plan, which provides severance benefits under certain events of termination, a copy of which was filed as Exhibit 10.16 to the Company’s Annual Report on Form 10-K filed March 5, 2024. Ms. Rutty has also entered into a Non-Competition, Non-Solicitation and Confidentiality Agreement with the Company effective September 22, 2025 as a condition of her participation in the Severance Plan and under terms and conditions substantively consistent with agreements entered into with other executive officers, including a noncompete period of 12 months following any termination and restrictive covenants prohibiting solicitation of Company customers and employees. The foregoing summary is not complete and is qualified in its entirety by reference to the full and complete terms of the Non-Competition and Confidentiality Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
As described in “Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers” above, on September 5, 2025, the Company issued a press release announcing the appointment of Samuel Rutty as Executive Vice President and Chief Financial Officer. The full text of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act except as may be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description |
10.1 |
Non-Competition, Non-Solicitation and Confidentiality Agreement effective September 22, 2025 |
99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
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Myers Industries, Inc. |
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Date: |
September 5, 2025 |
By: |
/s/ Aaron Schapper |
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President and Chief Executive Officer |
Exhibit 10.1
NON-COMPETITION, NON-SOLICITATION AND CONFIDENTIALITY AGREEMENT
THIS NON-COMPETITION, NON-SOLICITATION and CONFIDENTIALITY AGREEMENT (this “Agreement”) is entered into effective as of September 22, 2025 between Myers Industries, Inc., an Ohio Corporation, and its subsidiaries (collectively the “Company”) and Samantha Rutty (the “Employee”).
RECITALS:
NOW, THEREFORE, in view of the above and in consideration for the mutual covenants and promises set forth below, the parties agree as follows:
A. Covenants
Nothing in this Agreement is meant to prohibit the Employee from disclosing or discussing conduct that the Employee reasonably believes to be illegal discrimination, illegal harassment, illegal retaliation, a wage and hour violation, sexual assault, or conduct that violates the law.
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[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, the parties have hereunto executed this Agreement as of the date first set forth above.
COMPANY
Myers Industries, Inc.
Date: September 5, 2025 By: /s/ Aaron Schapper
Aaron Schapper
President and Chief Executive Officer
EMPLOYEE
Date: September 5 , 2025 By: /s/ Samantha Rutty
Samantha Rutty
Executive Vice President and
Chief Financial Officer
(Effective September 22, 2025)
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Exhibit 99.1
Contact: Claudia Kaeberlein, Communications & PR Manager
Phone: 330-761-5658 (mobile)
Email: [email protected]
Myers Industries Appoints Samantha Rutty as Executive Vice President and Chief Financial Officer
AKRON, Ohio (Sept. 5, 2025)—Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of products that protect the world from the ground up, today announced that Samantha Rutty, 44, has been appointed Executive Vice President and Chief Financial Officer, effective Sept. 22, 2025.
Ms. Rutty brings to her new role more than two decades of finance leadership experience across global services and manufacturing companies. She joins Myers from The Brink’s Company, where she had served as Vice President and Chief Financial Officer of Brink’s North America since Nov. 2022. Brink’s is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services.
Prior to Brink’s, she spent 20 years with Eaton Corporation in a series of senior finance roles, including Director of Finance, eMobility; Division Controller, Fluid and Electrical Distribution; and Division Controller, Fuel and Motion Controls Aerospace. Eaton is a global power management company providing industry-leading electrical, aerospace, hydraulic, and vehicle products and services.
“We are excited to welcome Samantha to Myers,” said Aaron Schapper, President and Chief Executive Officer. “She is a proven finance leader with a wide range of experience at industry-leading companies. She will be a strong partner as we continue to strengthen Myers and deliver results for our customers and shareholders.”
Ms. Rutty earned an MBA from Western Michigan University’s Haworth College of Business and a Bachelor of Arts in business studies from the University of Lancashire.
She succeeds Daniel Hoehn, who has served as interim CFO since May 2, 2025. Mr. Hoehn will continue in his role as Vice President and Corporate Controller following the transition.
About Myers Industries
Myers Industries Inc., based in Akron, Ohio, is a leading manufacturer of sustainable plastic and metal products that protect the world from the ground up for Consumer, Vehicle, Food & Beverage, Industrial, Infrastructure, and Automotive Aftermarket end markets. Myers Industries has a rich history that is built on strong brands and innovative products. Through years of continuous product development and strategic acquisitions, the company has established itself as a leading diversified industrial company, providing customers with critical solutions that deliver exceptional value. Visit myersindustries.com to learn more.
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