NACCO Industries subsidiary terminates frozen pension plan; executive's $469K benefit to be distributed

NACCO INDUSTRIES INC

Coteau Properties Pension Plan terminates June 30, 2025; assets distributed to participants.
Carroll L. Dewing, SVP & COO, is a participant; his frozen benefit has actuarial value of $469,300.
Benefit frozen since Dec 31, 2004; no new benefits arise from termination.
Mr. Dewing 100% vested; may elect lump-sum distribution.

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