Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 45

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 45
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% of the votes cast approving our NEO compensation.

Stockholders chose an annual say on pay frequency at our 2020 annual meeting, with the next pay frequency vote occurring at our 2026 annual meeting. The CHC Committee believes that this strong support reinforces the philosophy and objectives of our executive compensation program and applied the same principles in determining the amounts and types of executive compensation for 2024, and did not make any changes to our program as a direct result of the say-on-pay vote results.

| Compensation and Human Capital Committee Report |

The CHC Committee has reviewed and discussed the Compensation Discussion and Analysis with the Company's management. Based on these reviews and discussions, the CHC Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC.

| JOHN P. JUMPER    |     | MICHAEL S. MILLER     |
|                   |     | Chairman              |
| DENNIS W. LABARRE |     | VALERIE GENTILE SACHS |
| W. PAUL MCDONALD  |     | ROBERT S. SHAPARD     |

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| Summary Compensation Table |

The following table sets forth the compensation for services of our NEOs in all capacities to the Company and its subsidiaries for the years ended December 31, 2024 and 2023:

| SUMMARY COMPENSATION TABLE                                            
 For Year Ended December 31, 2024                                      |     |      |      |     |          |         |     |          |         |     |            |              |     |            |                                        |     |            |                                                                             |     |          |                        |     |            |       |     |            |
|:----------------------------------------------------------------------|:----|-----:|:-----|:----|---------:|--------:|:----|---------:|:--------|:----|-----------:|:-------------|:----|-----------:|:---------------------------------------|:----|-----------:|:----------------------------------------------------------------------------|:----|---------:|:-----------------------|:----|-----------:|:------|:----|-----------:|
| Name and Principal Position                                           |     |      | Year |     |          |  Salary 
 ($) (1) |     |          | Bonus   
 ($) (2) |     |            | Stock Awards 
 ($) (3)      |