Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 86

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 86
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 |     — | % |
| John D. Neumann                                               |     |                |     | Class B |                                 |       — |     |    |     |                                   |         — |     |    |     |                  |         — |     |    |     |                  |     — | % |
| All executive officers and Directors as a group  (18 persons) |     |                |     | Class B |                                 | 204,919 |     | -8 |     |                                   | 1,085,538 |     | -8 |     |                  | 1,290,457 |     | -8 |     |                  | 82.44 | % |

** Less than 1.0%.

(1) A Schedule 13D/A filed with the SEC with respect to Class B Common on December 17, 2024 (the "Stockholders' 13D") reported that, except for NACCO, including in its capacity as depository, the signatories to the stockholders' agreement, together in certain cases with trusts and custodianships, which are referred to collectively as the signatories, may be deemed to be a "group" as defined under the Exchange Act, and therefore may be deemed as a group to beneficially own all of the Class B Common subject to the stockholders' agreement, which is an aggregate of 1,542,757 shares. The stockholders' agreement requires that each signatory, prior to any conversion of such signatory's shares of Class B Common into Class A Common or prior to any sale or transfer of Class B Common to any permitted transferee (under the terms of the Class B Common) who has not become a signatory, offer such shares to all of the other signatories on a pro-rata basis. A signatory may sell or transfer all shares not purchased under the right of first refusal as long as they are converted into Class A Common prior to their sale or transfer. The shares of Class B Common subject to the stockholders' agreement constituted 98.56% of the Class B Common outstanding on March 5, 2025 or 71.69% of the combined voting power of all Class A Common and Class B Common outstanding on such date. Certain signatories own Class A Common, which is not subject to the stockholders' agreement. Under the stockholders' agreement, NACCO may, but is not obligated to, buy any of the shares of Class B Common not purchased by