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
Date of report (Date of earliest event reported): February 21, 2006
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| MYERS INDUSTRIES, INC. |
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| (Exact name of registrant as specified in its charter) |
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| Ohio
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1-8524
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34-0778636 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number) |
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| 1293 South Main Street, Akron, OH
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44301 |
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| (Address of Principal Executive Offices)
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(Zip Code) |
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| Registrant’s Telephone Number, including area code
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(330) 253-5592 |
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| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions.
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry Into A Material Definitive Agreement.
On February 21, 2006, the Compensation Committee of the Board of Directors of Myers
Industries, Inc. (“Company”) adopted a plan which sets forth the performance requirements
for the award of a cash bonus to John C. Orr, the President and Chief Executive Officer of
the Company. The plan provides that the Compensation Committee will use performance
factors, such as earnings per share, cash flow and/or operating profit, or other factors,
to determine the award. The initial performance factor set of those available of earnings
per share, cash flow and/or operating profit was cash flow. The plan provides that any
bonus awarded under this plan for the fiscal year-ended December 31, 2006, would be paid in
March, 2007. A copy of the plan is attached as Exhibit 10.
Item 9.01. Financial Statements and Exhibits
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Myers Industries, Inc. Incentive Bonus Plan |
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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(Registrant)
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DATE
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May 24, 2006
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By:
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/s/ Kevin C. O’Neil |
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Kevin C. O’Neil
Vice President, General Counsel & Secretary |
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