Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 15

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 15
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 our Directors as well as for developing and investing in the Company's human capital. Among other things, these responsibilities include:

• the review and approval of corporate goals and objectives relevant to compensation;

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• the evaluation of the performance of the CEO, other executive officers and senior managers in light of these goals and objectives;

• the determination and approval of CEO, other executive officer and senior manager compensation levels;

• the consideration of whether the risks arising from our employee compensation policies are reasonably likely to have a material adverse effect on us;

• the making of recommendations to our Board, where appropriate or required, and the taking of other actions with respect to all other compensation matters, including equity-based plans and other incentive plans;

• the review and making of recommendations to our Board regarding the creation or revision of any clawback policy allowing the Company to recoup compensation paid to employees;

• the periodic review of Board compensation;

• the periodic review of the Company's human capital strategies and programs; and

• the review and approval of the Compensation Discussion and Analysis and the preparation of the annual CHC Committee Report to be included in our Proxy Statement.

The CHC Committee may, in its discretion, delegate duties and responsibilities to one or more subcommittees or, in appropriate cases, to our executive officers and senior managers. The CHC Committee retains and receives assistance in the performance of its responsibilities from an internationally recognized compensation consulting firm, discussed under Compensation-Setting Process on page 15. The Board has determined that each member of the CHC Committee is independent, as defined in the SEC rules and described in the NYSE listing standards.

#### Nominating and Corporate Governance Committee
Among other things, the NCG Committee's responsibilities contained in its charter include:

• the review and making of recommendations to our Board regarding the criteria for membership on our Board;

• the review and making of recommendations to our Board regarding the optimal number and qualifications of Directors believed to be desirable;

• the establishment and monitoring of a system to receive suggestions for nominees to directorships of the Company;

• the identification and making of recommendations to our Board of specific candidates for membership on our Board;

• the evaluation of each Director's independence according to the applicable independence requirements set forth in the rules of the NYSE and other applicable law;

• oversight of the Company's corporate responsibility programs;

• the review, and discussion with the Board, of the Company's engagement and responsiveness to shareholder votes on governance matters; and

• oversight of an annual review of our Board.