Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 16

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 16
---
The NCG Committee will consider Director candidates recommended by our stockholders. See Procedures for Submission and Consideration of Director Candidates beginning on page 39. The NCG Committee is also responsible for reviewing and recommending changes to our Certificate of Incorporation, Bylaws, Code of Corporate Conduct and Corporate Governance Guidelines, as appropriate; overseeing evaluations of the Board and management; overseeing continuing education of the Board on relevant topics, including among other matters, ethics, compliance, governance, cybersecurity and matters relating to the Company's businesses; and annually reporting to the Board the NCG Committee's assessment of our Board's performance. The Board has determined that each member of the NCG Committee is independent, as defined by the SEC and as described in the NYSE listing standards. The NCG Committee may consult with members of the Rankin and Taplin families, including Alfred M. Rankin, Jr. and J.C. Butler, Jr., regarding the composition of our Board.

#### Executive Committee
The Executive Committee may exercise all of the powers of our Board over the management and control of our business during the intervals between meetings of our Board.

<div align='center'>9</div>

| Directors' Independence |

As our Board has elected not to make use at the present time of any of the exceptions to the NYSE listing standards that are available to controlled companies, a majority of the members of our Board are independent, as described in the NYSE listing standards, and our CHC Committee, Audit Review Committee and NCG Committee are composed entirely of independent Directors. In making a determination as to the independence of our Directors, our Board considered Section 303A of the NYSE listing standards and broadly considered the materiality of each Director's relationship with us. Based on these criteria, our Board has determined that the following current Directors are independent:

| John S. Dalrymple, III |     | Matthew M. Rankin     |
| John P. Jumper         |     | Lori J. Robinson      |
| Dennis W. LaBarre      |     | Valerie Gentile Sachs |
| W. Paul McDonald       |     | Robert S. Shapard     |
| Michael S. Miller      |     | Britton T. Taplin     |

In making the determination that General Robinson is an independent director, the Board also considered her role as a director for Korn Ferry, our independent compensation consultant.

| Compensation Committee Interlocks and Insider Participation |

The members of the CHC Committee during 2024 were Michael S. Miller, John P.