[7] Over the ten-year period from May 31, 2011, to 2021, RPM outperformed the S&P 500 by 33 percent in total return generated for its shareholders, which includes both capital appreciation and reinvestment of dividends.

Later that same year, RPM, Inc. was formed to become a holding company to develop a more aggressive acquisition program in a rapidly consolidating paint and coatings industry.

Frank's son, Thomas C. Sullivan, who was previously president of Republic Powdered Metals, became chairman and chief executive officer of the holding company.

In August 2013, RPM paid $61 million to settle U.S. General Services Administration claims regarding a subsidiary's overcharging the U.S. government on roofing contracts.

[14] On September 9, 2016, the SEC charged RPM and its general counsel, Edward W. Moore, with violating antifraud provisions of Federal securities laws by failing to disclose a material loss.

According to the SEC's complaint Moore did not inform RPM's CEO, CFO, audit committee and independent auditors of material facts about the U.S. Department of Justice investigation into the GSA issue.