Company: NC
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0000789933-25-000012
Chunk: 88

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 88
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 such shares of Class B Common. Voting actions are determined by the general partners owning at least a majority of the general partnership interests of Rankin IV. Each of the trusts holding general and limited partnership interests in Rankin IV share with each other the power to dispose of such shares. The Stockholders' 13D reported that the Class B Common beneficially owned by Rankin IV and each of the trusts holding general and limited partnership interests in Rankin IV is also subject to the stockholders' agreement.

(4) A Schedule 13D filed with the SEC with respect to Class B Common on December 17, 2024 reported that AMR Associates NC and the trusts holding general partnership interests and the trust holding limited partnership interests in AMR Associates NC may be deemed to be a "group" as defined under the Exchange Act and therefore may be deemed as a group to beneficially own 203,972 shares of Class B Common held by AMR Associates NC. Although AMR Associates NC holds the 203,972 shares of Class B Common, it does not have any power to vote or dispose of such shares of Class B Common. Helen R. Butler and Clara R. Williams, as trustees and primary beneficiaries of trusts acting as general partners of AMR Associates NC, share the power to vote shares of Class B Common. Voting actions are determined by the general partners owning at least a majority of the general partnership interests of AMR Associates NC. Each of the trusts holding general partnership interests and the trust holding limited partnership interests in AMR Associates NC share with each other the power to dispose of such shares. The Stockholders' 13D reported that the Class B Common beneficially owned by AMR Associates NC and each of the trusts holding general partnership interests and the trust holding limited partnership interests in AMR Associates NC is also subject to the stockholders' agreement.

(5) J.C. Butler, Jr. may be deemed to beneficially own, and share the power to dispose of, 472,371 shares of Class B Common held by Rankin I as a result of Mr. Butler’s spouse serving as trustee and beneficiary of trusts that are limited partners of Rankin I. Mr. Butler may be deemed to beneficially own, and share the power to dispose of, 400,000 shares of Class B Common held by Rankin IV as a result of Mr. Butler’s spouse serving as trustee and beneficiary of trusts that are limited partners of Rankin IV. Mr. Butler may be deemed to beneficially own, and share