Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 13

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 13
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 the steps management has taken to monitor and mitigate such exposure.

Each committee reports on their discussions of the applicable risks to the full Board during Board meetings. The full Board incorporates the insight provided by these reports into its overall risk management analysis.

| Directors' Meetings and Committees |

Our Board held four meetings in 2024. In 2024, all of our current Directors attended more than seventy-five percent (75%) of the meetings held by our Board and by the committees on which they served. We hold a regularly scheduled meeting of our Board in conjunction with our annual meeting of stockholders. Directors are expected to attend the annual meeting of stockholders absent an appropriate excuse. All of our Directors, as of the date of our 2024 annual meeting of stockholders, attended our 2024 annual meeting of stockholders.

In accordance with NYSE rules, our non-management Directors are scheduled to meet in executive session, without management, at least once a year. These executive sessions are typically held following each regular Board meeting, with the Non-Executive Chairman presiding. In addition, the independent members of the Board meet at least once a year in separately scheduled sessions. Additional meetings of the independent directors may be scheduled when the independent directors believe such meetings are desirable. A meeting of the independent directors was held on May 15, 2024.

Our Board has established the following standing committees: an Audit Review Committee, a CHC Committee, an NCG Committee and an Executive Committee. The current members of each committee and the number of meetings held in 2024 are shown below:

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| Director               |     | Audit Review |     |   CHC |     |   NCG |     | Executive |
| J.C. Butler, Jr.       |     |              |     |       |     |       |     |         X |
| John S. Dalrymple, III |     |            X |     |       |     |     X |     |           |
| John P. Jumper         |     |            X |     |     X |     |     X |     |           |
| Dennis W. LaBarre      |     |            X |     |     X |     |     X |     |         X |
| W. Paul McDonald       |     |              |     |     X |     |       |     |           |
| Michael S. Miller      |     |            X |     | Chair |     |     X |     |