secwatch.observer — SEC 8-K summary
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Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0000789933-24-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NACCO Industries adopts new excess retirement plan effective Jan 2025; expands compensation definition
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- Compensation Committee approved NACCO Natural Resources Excess Retirement Plan, effective Jan 1, 2025.
- Excess 401(k), matching, and profit-sharing benefits restored for highly compensated employees affected by IRS limits.
- New plan includes short-term incentive payments (bonuses) in compensation definition, a change from prior plan.
- Eligibility requires Hay salary grade 25/NA Coal 13 or above and total compensation at least $140,000.
- Benefits paid as single lump sum on March 15 following the plan year; no trust, assets subject to creditors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000060/0000789933-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000060/nacco-20241213.htm
  HTML page:      https://secwatch.observer/filing/0000789933-24-000060

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