LOOKING STATEMENTS NOTICE
In general, you can visit this web site without telling us who you are or providing any personal information.
If you voluntarily provide information, Myers Industries ("Myers"), its divisions, subsidiaries and affiliates ("Akro-Mils, Ameri-Kart, Buckhorn, Buckhorn Rubber, Dillen Products, ITML Horticultural Products, Listo Products, Michigan Rubber Products, Myers do Brasil, Myers International, Myers Tire Supply Distribution, Patch Rubber Company, Pro Cal and WEK Industries") may use that information to send you products, information or services. In order to do this, we may when necessary share information with business partners, financial institutions, shipping companies, postal authorities or government. In connection with a transaction, we may contact you for a customer satisfaction survey.
Please read the following policy to understand how your information will be treated and used at this site. This policy may change from time to time, so please revisit this page periodically.
Disclosure and Use of Personal Information:
Myers does not sell, trade, rent or allow others to use your information outside of Myers other than as noted above.
We may disclose information to appropriate legal authorities in special cases when we believe in good faith that such release is necessary:
1) to comply with the appropriate country law
2) to identify or bring legal action against someone who may be violating our conditions of use and terms of service,
3) to legally enforce or apply the terms of this user agreement,
4) to protect the rights, property, both tangible and intangible, or safety of Myers or other third parties.
Myers Industries is an international company. As such this site has users from all over the world. Any information you give us through this site may be transmitted to servers outside the country where the information is entered, and may be used, stored and processed outside the country where it was entered. Myers is not responsible for the handling of information by servers outside the United States. We may use certain information gathered from this site to compile demographic data about our users, sales, traffic patterns and related site information. If provided to third parties, this demographic data will NOT include any personally identifiable information.
Web sites that are linked to this site and visited by a user from our site may have different policies and terms and conditions for use. Myers is not responsible for the privacy practices or terms and conditions of these other sites.
Myers uses appropriate reasonable measures to protect personal information. We use physical, electronic and managerial procedures to safeguard your data. Even though Myers intends to protect your information, we do not guarantee that communications with our site or access to your personal information will never be improperly accessed by third parties.
Registered Users / E-Mail List
When you subscribe to our e-mail news list or product updates from our companies / brands, we ask for your name, e-mail address and other information. You have the option of de-listing from any e-mail list.
An IP address is a number used to identify computers so that data, such as web pages, you request can be sent to you. Our server automatically collects IP addresses for purposes of administering our system and to help us diagnose problems. We do not use the IP address for any other reason.
By using our Web site, you consent to the guidelines outlined in this policy.
Users under the Age of 18
If you are under the age of 18, do not provide any personally identifiable information on this site without the knowledge and permission of your parent or guardian.
Terms & Conditions
Myers Industries, its divisions, subsidiaries and affiliates' ("Myers") web sites ("Akro-Mils, Ameri-Kart, Buckhorn, Buckhorn Rubber, Dillen Products, ITML Horticultural Products, Listo Products, Michigan Rubber Products, Myers do Brasil, Myers International, Myers Tire Supply Distribution, Patch Rubber Company, Pro Cal and WEK Industries web sites") are provided for informational purposes. By using these sites, you agree to abide by the following terms and conditions:
All text, graphics, and layouts on this web site are copyrighted by Myers Industries, Inc. Access to this web site does not confer on any user the right to Myers Industries' intellectual property. The trademarks, symbols, logos, and trade names presented on this web site are the property of Myers Industries, Inc., and its companies, unless otherwise indicated.
You may display, reproduce, and use the information contained herein only for your personal, non-commercial purposes. Any other reproduction, distribution, display, performance, modification, or use of this site's content is prohibited, unless expressly authorized by Myers Industries, Inc.
The Myers Industries, Inc. web site is provided as a service to our customers, shareholders, and the public. In developing and updating the site, we have tried to include complete, timely, and accurate information. However, Myers Industries, Inc. makes no warranties (express or implied) about the information on this web site, and we are not responsible for its use or misuse. This web site is updated regularly and information is subject to change without notice or obligation to users.
Links are provided to other public web sites outside of Myers Industries, Inc. as a service to users. We are not responsible for, and make no representations about, the content or use of other such web sites which may be accessed through links in this web site, and shall not be liable for any damages or injury arising from that content.
Forward-Looking Statements Disclosure
As a public corporation (NYSE: MYE) the Myers Industries' Web Site ("www.myersindustries.com") and the information we are incorporating by reference contain forward-looking statements within the meaning of federal securities laws, including information regarding the Company's 2008 financial outlook, future plans, objectives, business prospects and anticipated financial performance. You can identify these statements by the fact that they include words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or variations of these words, or similar expressions. These forward-looking statements are not statements of historical facts and represent only our current expectations regarding such matters. These statements inherently involve a wide range of known and unknown uncertainties. The Company's actual actions and results could differ materially from what is expressed or implied by these statements. Specific factors that could
cause such a difference include, but are not limited to, those set forth below and other important factors disclosed previously and from time to time in our 10-K and other filings with the Securities and Exchange Commission. Given these factors, as well as other variables that may affect our operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. We expressly disclaim any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them.
Risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements include, but are not limited to:
General Economic, Business & Political Conditions
The Company operates in a wide range of geographies, primarily North America, Central America and South America. Worldwide and regional economic, business, and political conditions, including changes in the economic conditions of the broader markets and in the Company's individual niche markets, could have an adverse affect on one or more of the Company's business segments.
Each of our segments participates in markets that are highly competitive. Many of our competitors sell their products at prices lower than ours, and we compete primarily on the basis of product quality, product performance, value, supply chain competency, and customer relationships. The Company's competitive success also depends on its ability to maintain strong brands/ brand leadership within its markets so that customers will need the Company's products and services to meet their growth requirements. The development and maintenance of such brands requires continuous investment in brand building, marketing initiatives, and advertising. The competition that we face in all of our markets - which varies depending on the Company's particular business segment, product line(s), and customers - may prevent us from achieving sales, product pricing, and income goals, which could affect our financial condition and results of operations.
Global Economic Performance & Foreign Currency Exposures?We currently operate manufacturing, sales and service facilities outside of North America. Accordingly, we are subject to risks associated with operations in foreign countries, including:
. fluctuations in currency exchange rates;
. limitations on the remittance of dividends and other payments by foreign subsidiaries;
. limitations on foreign investment;
. additional costs of compliance with local regulations; and
. in certain countries, higher rates of inflation than in the United States.
In addition, our operations outside the United States are subject to the risk of new and different legal and regulatory requirements in local jurisdictions, potential difficulties in staffing and managing local operations and potentially adverse tax consequences. The costs related to our international operations could adversely affect our operations and financial results in the future.
Raw Material Cost Pressures
Our ability to manage our cost structure can be adversely affected by movements in commodity and other raw material prices. The Company's primary raw materials include plastic resins, colorants, and natural and synthetic rubbers. The Company attempts to reduce its exposure to increases in those costs through a variety of programs and selling price adjustments. Market conditions, however, may limit the Company's ability to raise selling prices to offset increases in our raw material input costs.
Raw Material Availability
Changes in raw material availability may occur due to events beyond our control. Our specific molding technologies and/or product specifications can limit our ability to locate alternative supplies to produce certain products. The Company believes, however, that its sources for its primary materials will continue to be adequate to meet its requirements.
Manufacturing & Distribution Activities
We are subject to the inherent risks in our diverse manufacturing and distribution activities, including, but not limited to: product quality, safety, licensing requirements and other regulatory issues, environmental events, loss or impairment of key manufacturing or distribution sites, disruptions in logistics and transportation services, labor disputes, and industrial accidents. In addition, the Company is subject to natural disasters and other factors over which it has no control.
Strategic Growth Initiatives
The Company is undergoing a "Strategic Business Evolution" process within its business segments to focus resources on what it deems the best platforms for long-term, sustainable growth - including, but not limited to: internal growth driven by strong brands and new product innovation; development of new, high-growth markets and expansion in existing niche markets; strengthening customer relationships through value-added initiatives and key product partnerships; investments in new technology and processes to reinforce markets strength and capabilities in key business groups; consolidation and rationalization activities to further reduce costs and improve productivity within the Company's manufacturing and distribution footprint; strategic, bolt-on acquisitions to accelerate growth in the Company's market positions; and potential divestiture of businesses with non-strategic products or markets. Although the process is underway, all of these activities and initiatives have inherent risks, and there remain
significant challenges and uncertainties, including economic and general business conditions, that could limit the Company's ability to achieve anticipated benefits associated with announced strategic initiatives and affect the Company's financial results.
Future events may occur that would adversely affect the reported value of the Company's assets. Such events may include, but are not limited to, strategic decisions made in response to changes in economic and competitive conditions, the impact of the economic environment on the Company's customer base, or a material adverse change in its relationship with significant customers.
Equity Ownership Concentration
Mary S. Myers, widow of the Company's co-founder Louis S. Myers, and Stephen E. Myers, former Chief Executive Officer of the Company, beneficially owned approximately 11% and 8%, respectively, of the Company's outstanding common shares as of February 15, 2008, and combined have sufficient voting power to influence actions requiring the approval of our shareholders.
Legal & Regulatory Actions
Changes in laws and regulations and approvals and decisions of courts, regulators, and governmental bodies on any legal claims known or unknown, could have an adverse affect on the Company's financial results.