AKRON, Ohio -- Myers Industries announced that at its Annual Meeting of Shareholders held April 29, shareholders re-elected Vincent Byrd, Sarah Coffin, John Crowe, Richard Johnston, Edward Kissel, John Orr and Robert Stefanko and elected William Foley and Robert Heisler Jr., to the company’s board of directors.

For the third consecutive year, nominees of GAMCO Asset Management failed to win a board seat.

President and CEO John Orr said, “I believe that the election of our board’s nominees by shareholders signals confidence in our strategic direction. We remain clearly focused on growing our business through customer dedication, innovation, operations excellence and organization development to demonstrate the financial strength of Myers Industries and increase value for all shareholders.”

Also at the annual meeting, shareholders ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for fiscal 2011, approved the non-binding advisory vote on executive compensation (“Say-on-Pay”) and recommended one year as the frequency for Say-on-Pay voting.

Also, in a separate announcement, Myers Industries announced that its board of directors has authorized a stock repurchase program that enables the company to purchase up to 5 million shares of its common stock from time to time in the open market. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. The purchases will be funded from existing cash resources and may be suspended or discontinued at any time.

“This authorization reflects our track record of strong cash flow, a positive outlook and commitment to shareholder value,” Orr said. “Myers has the financial resources to continue to pursue our growth strategies while at the same time we will look to return value to our shareholders through a stock repurchase program.”