Leadership & Pay ·
Myers Industries amends senior officer severance plan, increasing CEO multiplier to 3x
MYEMyers Industries Inc
Myers Industries adopted an amended and restated Senior Officer Severance Plan effective October 22, 2026. The update modifies the Prior Plan by including Target Bonus in cash severance calculations outside the Change in Control protection period. It also increases the CEO's cash severance multiplier from 2.5x to 3x within that period and adds a separate Executive Leadership Team tier with a 2x multiplier. Myers Industries manufactures plastic piping systems, tanks, and containers for industrial applications.