March 24, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Myers Industries, Inc. (NYSE:MYE) shares over potential securities laws violations by Myers Industries and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Myers Industries, Inc. (NYSE:MYE) concerning whether a series of statements by Myers Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Myers Industries, Inc.reported that its annual Total Revenue declined from $825.21 million in 2013 to $623.65 million in 2014 and that its Net Income of $26 million in 2013 decreased to a Net Loss of $6.37 million in 2014. Shares of Myers Industries, Inc. (NYSE:MYE) traded in April 2014 as high as $24.32 per share.

On March 16, 2014, Myers Industries, Inc announced that it has experienced a delay in completing the financial statements to be included in its Annual Report for the year ended December 31, 2014. As a result of this delay, the Company is unable to file its Form 10-K by the prescribed filing date without unreasonable effort or expense.

On March 18, 2015, Myers Industries, Inc announced that on March 13, 2015, Myers Industries, Inc. received a letter from Daniel R. Lee tendering his resignation as a member of the Board of Directors of Myers Industries, Inc and that Mr. Lees resignation was accepted by Myers Industries, Inc on March 13, 2015.

Shares of Myers Industries, Inc. (NYSE:MYE) declined to as low as $17.06 per share on March 18, 2015.