Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 95

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 4
Chunk 95
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Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures:  An evaluation was carried out under the supervision and with the participation of our management, including the principal executive officer and the principal financial officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, these officers have concluded that our disclosure controls and procedures are effective.

Changes in internal control over financial reporting: During the first quarter of 2025, there have been no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Table of Contents

PART II

OTHER INFORMATION 

Item 1    Legal Proceedings

    None.

Item 1A    Risk Factors

During the quarter ended March 31, 2025, there have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

Item 2    Unregistered Sales of Equity Securities and Use of Proceeds 

Issuer Purchases of Equity Securities (1)Period(a)Total Number of Shares Purchased(b)Average Price Paid per Share(c)Total Number of Shares Purchased as Part of the Publicly Announced Program(d)Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (1)Month #1(January 1 to 31, 2025)15,151 $31.19 15,151 $8,069,014 Month #2 (February 1 to 28, 2025)5,822 $31.53 5,822 $7,885,446 Month #3 (March 1 to 31, 2025)1,225 $31.99 1,225 $7,846,258      Total22,198 $31.32 22,198 $7,846,258 

(1)    During 2023, our Board of Directors approved a stock repurchase program providing for the purchase of up to $20.0 million of our outstanding Class A Common Stock through December 31, 2025. See Note 4 to the Unaudited Condensed Consolidated Financial Statements for further discussion of our stock repurchase program.

Item 3    Defaults Upon Senior Securities

    None.