Most Frequently Asked Questions
About Myers Industries... |
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| 1. |
When
was Myers Industries founded?
In 1933, two brothers who saw an opportunity in the tire repair and retread
industry started Myers Tire Supply in Akron, Ohio. Louis and Meyer Myers’ partnership
was based on a $620 loan, some merchandise, and a used pick-up truck. From their small
store, the brothers were dedicated to selling “everything for the tire dealer”
including tire repair patches and hand tools. Learn more at our Timeline
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| 2. |
Myers
started as a distributor. When did manufacturing begin?
In 1946, as Myers Tire Supply
expanded, the brothers started two manufacturing operations: Patch Rubber Company, to
produce ready-made tire patches; and Akro-Mils, to produce plastic and metal storage
products. These products were sold through the Myers Tire Supply catalog. Learn more at
our Timeline |
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| 3. |
When
did Myers Tire Supply become Myers Industries?
In 1963, the company was renamed
Myers Industries, Inc. to better-reflect its diversity in manufacturing and distribution.
Learn more at our Timeline |
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| 4. |
What
are Myers’ products today?
In our four manufacturing segments,
we design, manufacture, and market more than 12,000 plastic and rubber products, ranging
from reusable plastic containers and plastic flower planters to rubber OEM parts and
polymer-based reflective highway marking tape. We also custom mold products for special
applications.
In our distribution segment, we buy and sell nearly 10,000
different items used in tire, wheel, and undervehicle service and repair. These products
range from small hand tools to large hydraulic lifts. Learn more at Product Brands or Business Segments
Overview |
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| 5. |
Where
is Myers located around the world?
Myers Industries has 25 manufacturing
facilities. These include 20 in the United States (California, Indiana, Kentucky,
Michigan, Missouri, Nevada, North Carolina, Ohio and Texas); 4 in Canada (British Columbia and Ontario): and 1 in Brazil. We have
43 distribution branches, with 36 covering most every major metropolitan area in the United
States, and the rest covering Canada, Central America, and Brazil. Learn more at Business Segments Overview |
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| 6. |
What
is the % breakdown of net sales between the manufacturing segments and the
distribution segment?
For the year ended December 31, 2007:*
*Segment sales figures (in millions) compared with total net sales of $918.8 million may not add due to intra-segment eliminations; percentages may not equal 100% due to rounding.
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| 7. |
How
many employees does Myers have?
We have more than 4,500 employees
worldwide. |
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| 8. |
When
was the Initial Public Offering of Myers stock?
The Initial Public Offering of Myers
Industries Common Stock was in 1971 on the Nasdaq under the symbol MYE. In 1983, Myers
listed on the American Stock Exchange. On May 1, 2001, Myers listed on the New York Stock
Exchange. |
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| 9. |
When
do Myers Industries' quarters end?
| First Quarter: |
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January 1 thru March 31 |
| Second Quarter: |
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April 1 thru June 30 |
| Third Quarter: |
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July 1 thru September 30 |
| Fourth Quarter: |
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October 1 thru December 31 |
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| 10. |
Does
Myers participate in the National Association of Investors Corporation (NAIC)?
Myers Industries is a corporate
member of the NAIC, the world’s largest individual shareholder membership group.
Myers participates in NAIC regional and national events with booths and presentations. |
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| 11. |
Does
Myers have a direct stock purchase plan?
No, there is currently not a direct
stock purchase plan. |
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| 12. |
Does
Myers pay a dividend to its shareholders?
Yes, Myers pays a regular quarterly
dividend to its shareholders. For more information, see our News
Releases |
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| 13. |
Does
Myers have DRIP plan?
Yes, Myers does have a Dividend
Reinvestment and Stock Purchase Plan for our shareholders to automatically reinvest cash
dividends and make voluntary cash investments in the Company’s stock. Participating
shareholders pay no brokerage commissions or other charges on purchases of shares under
the Plan; all such commissions and charges are paid by the Company.
For full details about participating in the Dividend Reinvestment
Plan, please contact: Treasurer, Myers Industries, Inc., 1293
South Main Street, Akron, Ohio 44301. (330) 253-5592 |
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| 14. |
What
is Myers’ history on stock splits and stock dividends?
| 1972: |
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3-for-2 split |
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1992: |
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5-for-4 split |
| 1982: |
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10% stock dividend |
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1993: |
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10% stock dividend |
| 1983: |
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10% stock dividend |
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1994: |
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5-for-4 split |
| 1984: |
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2-for-1 split |
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1995: |
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10% stock dividend |
| 1985: |
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10% stock dividend |
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1997: |
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10% stock dividend |
| 1986: |
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10% stock dividend |
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1999: |
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10% stock dividend |
| 1987: |
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3-for-2 split |
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2000: |
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10% stock dividend |
| 1988: |
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10% stock dividend |
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2001: |
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10% stock dividend |
| 1989: |
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10% stock dividend |
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2002: |
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5-for-4 split |
| 1990: |
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10% stock dividend |
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2004: |
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10% stock dividend |
| 1991: |
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10% stock dividend |
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| 15. |
How
can I find out about the performance of the stock?
To get more information on our
current and historical stock performance, click the stock symbol logo at the top of the
page or go to Stock Data. This section of the Investor
relations page provides a direct link to the NYSE. |
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| 16. |
How
can I find out how many shares of Myers stock I own?
To find our more about your holdings,
please contact either your broker or our transfer agent, National City Bank.
See Investor Resources to learn more. |
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For more investor relations information,
visit our Investor Resources page |
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