Michael McGaugh took the reins as CEO of Myers Industries, Inc. on April 6, 2020, during a challenging time marked by a global pandemic. He previously served as Executive Vice President at BMC Stock Holdings, where he honed his skills...

Michael McGaugh took the reins as CEO of Myers Industries, Inc. on April 6, 2020, during a challenging time marked by a global pandemic. He previously served as Executive Vice President at BMC Stock Holdings, where he honed his skills in a fast-paced business environment. Before that, he spent nearly 25 years at Dow Chemical, climbing the ranks and gaining experience in areas like building solutions and innovation. Since joining Myers, McGaugh has pushed for growth by integrating various company divisions under a unified strategy called 'One Myers.' This move aims to create a more cohesive company that can deliver multiple solutions to its clients. His leadership has shown promising results, including significant sales growth and successful acquisitions. Interestingly, in 2022, he received total compensation of $392,778 after claiming a bonus based on exceeding performance targets, a sign of his commitment to aligning his success with the company’s. McGaugh’s journey reflects a focus on strategic growth and operational efficiency, essential elements for leading a company in today’s dynamic market.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Myers Industries CEOs

M

Michael McGaugh

Ex-CEO of Myers Industries

Education

Not specified

Sector of Economy

Consumer Cyclical

Born

March 12, 1974 - 51 years ago

CEO of Myers Industries for

2 years 11 months (Apr 2020 - Apr 2023)

Previous Experience

Executive Vice President and Chief Operating Officer of BMC Stock Holdings, Inc.

Rivals

Competitors/colleagues of Michael McGaugh

Holdings

See how much did Michael McGaugh make over time.

As CEO of Myers Industries, Michael McGaugh has seen interesting trends in his stock holdings since he took over in 2020. His trading history reveals strategic actions with substantial values—he made significant trades regularly, peaking at approximately $1.09 million in...

As CEO of Myers Industries, Michael McGaugh has seen interesting trends in his stock holdings since he took over in 2020. His trading history reveals strategic actions with substantial values—he made significant trades regularly, peaking at approximately $1.09 million in January 2021. Since then, his insider trading activity has generally shown a consistent pattern, with his stock value fluctuating between $639.85K to $1.22 million in subsequent months. By early 2023, his holdings remained robust, valuing around $1 million consistently, illustrating his ongoing confidence in the company’s performance. This steady engagement shows he believes in Myers Industries' direction and growth potential, aligning his interests closely with the company's trajectory. He balances a healthy investment approach, demonstrating a deep connection with the firm's long-term goals.

Mar 11, 2025

M

shares

MYE @ $12.98

Insider Trading

See recent insider trades of Michael McGaugh.

MYE

$303.50K

MYE at $12.14/share

May 12, 2020

Purchase

Compensation History

See how much did Michael McGaugh make over time.

Michael McGaugh’s compensation as CEO of Myers Industries has reflected his performance-driven leadership style. In 2023, he earned a total compensation of $3,203,602, which included a salary of $721,809 and a significant bonus of $549,550 tied to the company’s adjusted EBITDA performance. This year, he faced challenges as the actual EBITDA was slightly below the target. However, the compensation structure emphasizes performance with incentives based on achieving ambitious company goals. His stock awards also play a key role in his total compensation, with vested stock units valued at $2,150,368 for the year. Over the last few years, his compensation has seen fluctuations, but the trend shows an alignment between McGaugh's financial rewards and the company’s operational success, reinforcing his commitment to driving shareholder value. This comp plan is designed to attract top talent and retain executive commitments to long-term company goals.

Year

2023

Total Compensation

$3.65M

Salary

$721.81K

Board Justification

The compensation philosophy is designed to attract and retain talented executives, align their interests with those of shareholders, and incentivize performance that drives long-term shareholder value.

Bonus

$549.55K

Board Justification

The annual incentive plan is a cash-based incentive plan based on achieving targeted levels of adjusted EBITDA. For 2023, the target goal was $108 million, with a maximum goal of $152 million. The actual adjusted EBITDA achieved was $97.3 million, resulting in a payout of 75.8% of the target bonus.

Other

$227.79K

Board Justification

Other compensation includes contributions to the 401(k) plan, executive physicals, dividends upon vesting of restricted stock awards, and temporary housing costs.

Restricted Stock

$2.15M(107.58K RSU)

Board Justification

The stock awards that vested in 2023 were restricted stock units that were granted in prior years and vested based on continued employment and performance metrics. The total number of shares that vested in 2023 was 107,575.

Performance Metrics

The primary performance metric for the annual bonus is adjusted EBITDA, while long-term incentives are based on cumulative adjusted EBITDA over a three-year performance period, subject to a relative total shareholder return (TSR) modifier.

Other Myers Industries CEOs

Here are other CEOs of Myers Industries

R. David Banyard

Ex-CEO of Myers Industries

April 2016 - October 2019

Grant E. Fitz

Ex-CEO of Myers Industries

May 2023 - January 2025