MYERS INDUSTRIES FILES 8-K ON ASSET ACQUISITION/DISPOSITION

TL;DR

**Myers Industries just filed an 8-K about an asset change, but it's light on details.**

AI Summary

Myers Industries, Inc. filed an 8-K on February 8, 2024, to report the completion of an acquisition or disposition of assets. While the filing confirms an event related to asset changes, it does not specify the names of the acquired or disposed assets, the dollar amounts involved, or the counterparty. This matters to investors because without these details, it's impossible to assess the financial impact or strategic implications of the transaction on Myers Industries' future performance and stock value.

Why It Matters

This filing indicates a significant change in Myers Industries' asset base, which could impact its financial health and future growth prospects. Investors need more details to understand the strategic implications.

Risk Assessment

Risk Level: medium — The filing indicates a significant corporate action (asset change) but lacks crucial details, creating uncertainty for investors.

Analyst Insight

A smart investor would await further disclosures from Myers Industries, Inc. that provide specific details about the completed acquisition or disposition of assets, including the financial terms and strategic rationale, before making any investment decisions.

Key Players & Entities

• Myers Industries, Inc. (company) — the registrant filing the 8-K
• February 08, 2024 (date) — date of earliest event reported
• 001-08524 (other) — Commission File Number
• 34-0778636 (other) — IRS Employer Identification No.
• MYE (other) — Trading Symbol on New York Stock Exchange

FAQ

Key Financial Figures

• $350,000,000 — ignature for aggregate consideration of $350,000,000. The foregoing description of the Mer

Filing Documents

• mye-20240208.htm (8-K) — 44KB
• mye-ex99_1.htm (EX-99.1) — 19KB
• img184536972_0.jpg (GRAPHIC) — 34KB
• 0000950170-24-012759.txt ( ) — 224KB
• mye-20240208.xsd (EX-101.SCH) — 23KB
• mye-20240208_htm.xml (XML) — 4KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. On February 8, 2024, Myers Industries, Inc. (the "Company") completed its previously announced merger with Signature CR Intermediate Holdco, Inc., a Delaware corporation ("Signature"), pursuant to the Agreement and Plan of Merger dated as of December 29, 2023, by and among the Company, as Purchaser, Signature, Myers Subsidiary I, Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("Merger Sub"), certain Executory Sellers, and Signature Holdco, LLC, solely in its capacity as the representative of the Securityholders as set forth in the Merger Agreement (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, at the effective time of the Merger on February 8, 2024, Merger Sub merged with and into Signature (the "Merger"), with Signature as the surviving entity in the Merger. Pursuant to the terms of the Merger Agreement, the Company acquired Signature for aggregate consideration of $350,000,000. The foregoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement and Plan of Merger, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On February 8, 2024 the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing the completion of the Merger. Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01 and Exhibit 99.1 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 and Exhibit 99.1 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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (a) Financial Statements of Businesses Acquired . The financial statements required by this Item 9.01(a) will be filed by an amendment to this Current Report on Form 8-K not later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed. (b) Pro Forma Financial Information . The pro forma financial information required by this Item 9.01(b) will be filed by an amendment to this Current Report on Form 8-K not later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed. (d) Exhibits . Exhibit Number Description 2.1* Agreement and Plan of Merger dated as of December 29, 2023 by and among Signature CR Intermediate Holdco, Inc., Myers Subsidiary I, Inc., Myers Industries, Inc., certain Executory Sellers Signatories, and Signature CR Holdco, LLC, solely in its capacity as the representative of the Securityholders as set forth in the Merger Agreement (incorporated by reference from Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Commission on January 2, 2024)* 99.1 Press Release dated February 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Pursuant to Item 601(b)(2) of Regulation S-K, certain exhibits and schedules have been omitted from this filing. The registrant agrees to furnish the Commission on a supplemental basis a copy of any omitted provisions, exhibit or schedule.

SIGNATURES

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. Myers Industries, Inc. Date: February 8, 2024 By: /s/ Grant E. Fitz Grant E. Fitz Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR