secwatch.observer — SEC 8-K summary
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Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000789933-23-000040
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993323000040/0000789933-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993323000040/nacco-20230516.htm
  HTML page:      https://secwatch.observer/filing/0000789933-23-000040

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