Myers Industries (NYSE: MYE) hires Samantha Rutty as new executive CFO
Rhea-AI Filing Summary
Myers Industries, Inc. announced that Samantha Rutty has been appointed Executive Vice President and Chief Financial Officer, effective September 22, 2025. Interim CFO Daniel Hoehn will remain in the role until that date and then continue as Vice President and Corporate Controller.
Rutty brings experience from senior finance roles at The Brink’s Company and Eaton Corporation. Her compensation package includes an initial base salary of $450,000, a cash bonus totaling $580,000 paid in two installments, restricted stock units with a grant date value of $315,000 vesting over two years, and performance-based stock units with a grant date target value of $315,000 vesting on March 16, 2028 based on Company financial metrics set by the Board’s compensation committee.
She is eligible for an annual incentive at a target of 70% of base salary for 2025 and, beginning in 2026, long-term incentives targeted at 140% of base salary split between restricted and performance-based stock units. Rutty will participate in the Senior Officer Severance Plan and has entered into a non-competition, non-solicitation and confidentiality agreement that includes a 12‑month noncompete and related restrictive covenants.
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8-K Event Classification
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FAQ
What executive leadership change did Myers Industries (MYE) disclose?
Myers Industries disclosed that Samantha Rutty has been appointed Executive Vice President and Chief Financial Officer effective September 22, 2025. Interim CFO Daniel Hoehn will serve in that role until then and afterward continue as the Company’s Vice President and Corporate Controller.
What is the new Myers Industries (MYE) CFO Samantha Ruttys compensation package?
Ruttys initial package includes a $450,000 base salary, a $580,000 cash bonus paid in two $290,000 installments, restricted stock units with a grant date value of $315,000 vesting over two years, and performance-based stock units with a grant date target value of $315,000 vesting on March 16, 2028 based on Company financial metrics.
What incentive opportunities will the new Myers Industries (MYE) CFO have?
Rutty will be eligible for the annual incentive program at a target of 70% of her annual base salary for 2025 on a pro-rated basis. Beginning in 2026, she will participate in the long-term incentive program with a target award value of 140% of base salary, split 50% restricted stock units and 50% performance-based stock units with three-year vesting structures.
What severance and restrictive covenant arrangements apply to Myers Industries (MYE) CFO Samantha Rutty?
Rutty will participate in the Companys Senior Officer Severance Plan, which provides severance benefits in certain termination scenarios. She has also entered into a Non-Competition, Non-Solicitation and Confidentiality Agreement effective September 22, 2025, including a 12-month noncompete after termination and restrictions on soliciting Company customers and employees.
What prior experience does the new Myers Industries (MYE) CFO bring?
Rutty most recently served as Vice President and Chief Financial Officer, North America at The Brinks Company from November 2022 to the present. Before that, she held various finance leadership roles at Eaton Corporation plc for over 20 years, including Director of Finance of eMobility and multiple division controller positions.
Which exhibits accompany this Myers Industries (MYE) 8-K about the CFO appointment?
The filing includes a Non-Competition, Non-Solicitation and Confidentiality Agreement as Exhibit 10.1, the press release announcing the appointment dated September 5, 2025 as Exhibit 99.1, and the Cover Page Interactive Data File as Exhibit 104.