AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE) today announced that a Rule 10b5-1 trading plan has been established for John C. Orr, its President and Chief Executive Officer, as part of his personal financial planning strategy for asset diversification. The Company announced on July 23, 2015 that Mr. Orr will be retiring from his role as President and Chief Executive Officer, effective December 31, 2015.
The trading plan was established in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934 and the company s policies regarding insider sales. Rule 10b5-1 permits directors, officers and other company insiders to adopt prearranged written plans for selling specified amounts of stock at times when they are not in possession of material, non-public information. The pre-planned trades can then be executed through a broker at later dates without further action by the director, officer or other company insider and without regard to any subsequent material non-public information that the individual may receive.
Transactions under this Rule 10b5-1 plan will be disclosed publicly through Form 4 filings as required by the SEC.
About Myers Industries
Myers Industries, Inc. is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and under vehicle service industry in the U.S. Visit www.myersindustries.com to learn more.
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