Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 61

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 61
---
 compliance and executive compensation, which provides strong support and additional depth to our Board and to the committees on which she serves.                                                                                                                                                                                                                                                               |
| Robert S. Shapard:  Age 69; Director Since 2020                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Retired Chief Executive Officer of Oncor Electric Delivery. From prior to 2020 to present, Mr. Shapard has served as a Director of Oncor Electric Delivery and Leidos.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| As an experienced executive of a large electric utility company in the power generation industry, Mr. Shapard provides our Board with significant insight into operations, leadership and management, particularly with respect to the power generation industry and the perspective of our power generation customers. This provides our Board with a unique perspective on issues that are important to our business. In addition, Mr. Shapard’s previous experience as a chief financial officer provides expertise critical to our Board and the committees on which he serves.                                                                                                                                    |
| Britton T. Taplin:  Age 68; Director Since 1992                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Self-employed (personal investments) from prior to 2020 to present. Mr. Taplin has also served as a Director of Hyster-Yale and Hamilton Beach Brands, Inc. from prior to 2020 to present.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| As a member of our Board for more than 30 years, Mr. Taplin has extensive knowledge of the mining industry and the Company. Mr. Taplin is the grandson of the founder of the Company and brings the perspective of a long-term taxable stockholder to our Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

| YOUR BOARD RECOMMENDS THAT YOU VOTE "FOR" EACH OF THE DIRECTOR NOMINEES PRESENTED IN PROPOSAL 1. |

Procedures for Submission and Consideration of Director Candidates

Stockholder recommendations for nominees for election to our Board must be submitted to NACCO Industries, Inc., 22901 Millcreek Blvd., Suite 600, Cleveland, Ohio 44122-5724, Attention: Secretary, and must be received at our offices on or before December 31 of each year in anticipation of the following year's annual meeting of stockholders. The NCG Committee will consider such recommendations if they are in writing and set forth the following information:

<div align='center'>39</div>

1. the name and address of the stockholder recommending the candidate for consideration as such information appears on our records