Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (September 2016)
13 slides from Myers Industries's investor presentation, Sep 15, 2016
Slide 1: Myers Industries, Inc. Investor Presentation Fall 2016
Exhibit 99.1 MYERSINDUSTRIES, INC. INVESTOR PRESENTATION - FALL2016
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and
Slide 3: Board and New CEO Evaluating Enterprise Strategy
BOARD AND NEW CEO EVALUATING ENTERPRISE STRATEGY » David Banyard named President and CEO of Myers Industries in December 2015 » Previously held leadership positions at Danaher Corporation (NYSE: DHR) and Roper Technologies (NYSE: ROP) » History of increasing revenue and cash flow in niche businesses
Slide 4: Corporate Governance
CORPORATE GOVERNANCE
Slide 5: Board Has Consistently Implemented Best Practices
BOARD HAS CONSISTENTLY IMPLEMENTED BEST PRACTICES ISS 2016 Board Study GOVERNANCE PRACTICE MYERSINDUSTRIES SMALLCAPCOMPANIES S&P 500 COMPANIES Annual Elections 53% 83% Independent Board Chair 38% 26% Board Independence 89% AVGof 78% AVG of 83% Audit -100% Audit –Not Listed Audit –Not Listed Committe
Slide 6: Committed and Experienced Board
COMMITTED AND EXPERIENCED BOARD Myers has an experienced and effective Board focused on shareholder value creation » The Board is composed of 9 members, Board Composition 8 of whom are independent » The Board’s composition includes Female 22% relevant expertise from diverse areas: » Sales & Marketin
Slide 7: Executive Compensation
EXECUTIVE COMPENSATION
Slide 8: Performance-Driven Compensation
PERFORMANCE-DRIVEN COMPENSATION Our executive compensation program is designed to implement our executive pay philosophy to attract and retain the best talent in our industries and pay for performance WHATWEDO WHATWEDON’TDO » Pay for performance » Enter into employment contracts » Reasonable post-em
Slide 9: Performance-Driven Compensation
PERFORMANCE-DRIVEN COMPENSATION In March, the Compensation Committee approved the below changes to the incentive pay program in an effort to address shareholder concerns ELEMENTS OF CEO PAY COMPARISON Compensation Elements 2015 2016 Base salary Guaranteed Guaranteed Annual bonus Budgeted EBITDA Budg
Slide 10: 2016 CEO Compensation Mix
2016 CEO COMPENSATION MIX » Annual bonus tied to: 2016 CEO Compensation Mix at Target » Achieving budgeted 66.5% 11% 22.5% operating profit¹ Performance Service Salary Based² Based Based » Growth in operating profit¹ » Achieving budgeted cash Stock Options flow 11.0% Salary 22.5% » Long-term incenti
Slide 11: Internal Control Over Financial Reporting
INTERNAL CONTROL OVER FINANCIAL REPORTING
Slide 12: Internal Control Over Financial Reporting
INTERNAL CONTROL OVER FINANCIAL REPORTING Myers is taking the following actions to further ensure effective internal controls over financial reporting » Reviewing and updating internal control processes and documentation at every business to identify and remediate control gaps » Completing balance s
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