Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 75

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 75
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     |           $— |     | -1 |
| Carrol Dewing - Senior Vice President and Chief Operating Officer                                                                                                                                                                                                                                                                                                                                                         |     |           $— |     | -1 |
| John Neumann - Senior Vice President, General Counsel and Secretary of NACCO; Vice President, General Counsel and Secretary of NNR                                                                                                                                                                                                                                                                                        |     |           $— |     | -1 |
| Executive Group (3 persons)                                                                                                                                                                                                                                                                                                                                                                                               |     |           $— |     | -1 |
| Non-Executive Director Group (12 persons)                                                                                                                                                                                                                                                                                                                                                                                 |     |   $1,427,000 |     | -2 |
| Non-Executive Employee Group (1,759 persons)                                                                                                                                                                                                                                                                                                                                                                              |     |           $— |     | -1 |
| (1) Executive officers and non-executive employees of the Company or its subsidiaries are not eligible to participate in the Amended Directors' Plan.                                                                                                                                                                                                                                                                     |     |              |     |    |
| (2) The only persons who are eligible to participate in the Amended Directors' Plan are the non-employee Directors of the Company. The dollar value shown above is equal to $112,000 of annual retainer of $179,000 payable in shares of Class A Common to each of the non-employee Directors for 2025, plus $195,000 of the annual retainer of $300,000 payable in shares of Class A Common to Mr. Alfred M. Rankin, Jr. |     |              |     |    |

If the Amended Directors' Plan is not approved by Company stockholders, cash payments will be made with respect to all compensation earned for services rendered on or after May 14, 2025.

| YOUR BOARD RECOMMENDS THAT YOU VOTE "FOR" PROPOSAL 2 TO APPROVE THE AMENDED DIRECTORS' PLAN. |

| PROPOSAL 3 - ADVISORY VOTE TO APPROVE THE COMPANY'S NAMED EXECUTIVE OFFICER COMPENSATION |

As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd Frank Act"), and Section 14A of the Exchange Act, we are asking our stockholders to cast a non-binding advisory vote to approve the Company's Named Executive Officer compensation, commonly referred to as a "say-on-pay" vote. The vote is not intended to address any specific item of compensation, but rather the overall compensation of our NEOs and the policies and