NACCO shareholders approve amended executive LTIP with 800K share reserve, extended to 2033

NACCO INDUSTRIES INC

Shareholders approved amended Executive Long-Term Incentive Plan on May 16, 2023 (19.4M for, 0.8M against).
Share reserve increased to 800,000 Class A Common shares; plan term extended to March 1, 2033.
Max annual payout per participant: greater of $12M or FMV of 500,000 shares.
CEO J.C. Butler 2023 target award: $1,336,960; other named executives disclosed.
All 12 director nominees re-elected; say-on-pay and auditor ratification approved.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NACCO INDUSTRIES INC shareholders approved Approval of NACCO Industries, Inc.'s Amended and Restated Executive Long-Term Incentive Compensation Plan at the 2023-05-16 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal 2 - The stockholders approved the NACCO Industries, Inc.'s Amended and Restated Executive Long-Term Incentive Compensation Plan: For 19,443,785 Against 831,460 Abstain 121,776 Broker Non-Votes 487,685

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NACCO INDUSTRIES INC shareholders approved Ratification of the appointment of Ernst & Young LLP as the Independent Registered Public Accounting Firm for 2023 at the 2023-05-16 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal 4 - The stockholders ratified the appointment of Ernst & Young LLP as the Independent Registered Public Accounting Firm of NACCO for 2023: For 20,839,167 Against 38,422 Abstain 7,117

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NACCO INDUSTRIES INC shareholders approved Election of Directors at the 2023-05-16 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal 1 - The stockholders elected each of the following twelve nominees to the Board of Directors until the next annual meeting and until their successors are elected: DIRECTOR VOTE FOR VOTE WITHHELD BROKER NON-VOTES J.C. Butler, Jr. 20,348,752 48,269 487,685 John S. Dalrymple, III 18,983,852 1,413,169 487,685 John P. Jumper 18,503,204 1,893,817 487,685 Dennis W. LaBarre 18,646,260 1,750,761 487,685 Michael S. Miller 18,984,593 1,412,428 487,685 Alfred M. Rankin, Jr. 19,118,158 1,278,863 487,685 Matthew M. Rankin 19,484,561 912,460 487,685 Roger F. Rankin 19,476,546 920,475 487,685 Lori J. Robinson 18,984,856 1,412,165 487,685 Valerie Gentile Sachs 20,383,532 13,489 487,685 Robert S. Shapard 19,848,674 548,347 487,685 Britton T. Taplin 19,484,910 912,111 487,685

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NACCO INDUSTRIES INC shareholders approved Advisory approval of the Company's Named Executive Officer Compensation at the 2023-05-16 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-16

Exact text from the filing

Proposal 3 - The stockholders approved, on an advisory basis, the Company's Named Executive Officer Compensation: For 18,878,373 Against 1,393,927 Abstain 124,721 Broker Non-Votes 487,685

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545 shareholder votes filed in the last 30 days. Browse all shareholder votes →

NACCO INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000789933-23-000040

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