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MYERS INDUSTRIES INC

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

MYE$28.25+4.8%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________

COMMISSION FILE NUMBER 001-08524

MYERS INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

OHIO34-0778636
(State or other jurisdiction ofincorporation or organization)(IRS Employer Identification Number)
1293 S. MAIN STREET, AKRON, OHIO(Address of Principal Executive Offices)44301(Zip Code)(330) 253-5592(Telephone Number)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Exchange on Which Registered
Common Stock, without par valueMYENew York Stock Exchange

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☒
Non-Accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☒

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the closing sale price on the New York Stock Exchange as of June 30, 2024:$339,559,634

Indicate the number of shares outstanding of registrant’s common stock as of February 28, 2025:37,295,964 Shares of Common Stock, without par value.

DOCUMENTS INCORPORATED BY REFERENCE:

Portions of the Registrant’s Definitive Proxy Statement for its 2025 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K.

TABLE OF CONTENTS

PART I
ITEM 1. Business4
ITEM 1A. Risk Factors9
ITEM 1B. Unresolved Staff Comments17
ITEM 1C. Cybersecurity17
ITEM 2. Properties18
ITEM 3. Legal Proceedings19
PART II
ITEM 5. Market for Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities20
ITEM 6. Reserved21
ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations22
ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk27
ITEM 8. Financial Statements and Supplementary Data28
Report of Independent Registered Public Accounting Firm - Ernst & Young LLP (PCAOB Firm ID No. 42)28
Consolidated Statements of Operations30
Consolidated Statements of Comprehensive Income (Loss)31
Consolidated Statements of Financial Position32
Consolidated Statements of Shareholders’ Equity33
Consolidated Statements of Cash Flows34
Notes to Consolidated Financial Statements35
ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure59
ITEM 9A. Controls and Procedures59
ITEM 9B. Other Information61
ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections61
PART III
ITEM 10. Directors, Executive Officers and Corporate Governance62
ITEM 11. Executive Compensation62
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters63
ITEM 13. Certain Relationships and Related Transactions, and Director Independence63
ITEM 14. Principal Accounting Fees and Services63
PART IV
ITEM 15. Exhibits, Financial Statement Schedules64
SIGNATURES66
ContentsView on SEC.gov

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