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AI brief of an SEC Form 8-K · MYERS INDUSTRIES INC (MYE)

Myers Industries amends senior officer severance plan, raising CEO change-in-control multiplier to 3x

Neutral Impact 3 of 5 shareholder Written later

Myers Industries adopted an amended and restated Senior Officer Severance Plan on October 22, 2026, covering named executive officers including CEO Aaron Schapper and CFO Samantha Rutty. The changes raise cash severance terms, including adding Target Bonus to the calculation outside change-in-control periods and increasing the CEO's change-in-control multiplier from 2.5x to 3x.

Key points

  • Plan adopted October 22, 2026; prior plan was amended and restated effective April 26, 2023
  • Target Bonus added to cash severance calculation outside the Change in Control protection period
  • CEO change-in-control severance multiplier increased from 2.5x to 3x; new Executive Leadership Team tier set at 2x

The filing

CompanyMYERS INDUSTRIES INC (MYE)
Form8-K, current report
Filed with the SECOct 23, 2026, 4:05 PM ET
Accession number0001193125-26-430415

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.