Rankin Family Amends NACCO 13D, Maintains Significant Class B Stake

TL;DR

**Rankin family still holds major sway over NACCO, watch their moves!**

AI Summary

Alfred M. Rankin, Jr. and his family group, including Alison A. Rankin, Jacob Alan Kuipers Main Trust, Lauran C. Rankin, Lauran Rankin Main Trust, Roger F. Rankin, and Victoire G. Rankin, have filed an Amendment No. 30 to their Schedule 13D for NACCO Industries, Inc. (NYSE: NC). This filing, dated February 2024, indicates a continued significant ownership stake in the company's Class B Common Stock. This matters to investors because the Rankin family, as a substantial insider group, maintains a strong influence over the company's strategic direction and governance, which can impact long-term stock performance.

Why It Matters

This filing confirms the Rankin family's ongoing control and influence over NACCO Industries, Inc., which is crucial for investors as their decisions can directly affect the company's future and stock value.

Risk Assessment

Risk Level: low — This is an amendment to an existing filing, indicating no new major acquisition or disposition, thus presenting a low immediate risk.

Analyst Insight

Investors should monitor future 13D filings from the Rankin group for any significant changes in their ownership stake or stated intentions, as these could signal shifts in company control or strategy.

Key Numbers

• 30 — Amendment Number (Indicates this is the 30th amendment to the original Schedule 13D filing, showing a long history of ownership and reporting by the Rankin group.)
• 629579202 — CUSIP Number (Identifies the Class B Common Stock of NACCO Industries, Inc.)
• February 2024 — Date of Event (The month the event requiring this amendment occurred, indicating recent activity or a change in reporting status.)

Key Players & Entities

• Alfred M. Rankin, Jr. (person) — Reporting Person and member of the filing group
• NACCO Industries, Inc. (company) — The issuer of the securities
• Alison A. Rankin (person) — Member of the filing group
• Jacob Alan Kuipers Main Trust U/A/D April 26, 2016 (company) — Member of the filing group
• Lauran C. Rankin (person) — Member of the filing group
• Lauran Rankin Main Trust U/A/D December 23, 2015 (company) — Member of the filing group
• Roger F. Rankin (person) — Member of the filing group
• Victoire G. Rankin (person) — Member of the filing group
• $1.00 (dollar_amount) — Par value per share of Class B Common Stock

Forward-Looking Statements

• The Rankin family will continue to exert significant control over NACCO Industries' strategic decisions. (NACCO Industries, Inc.) — high confidence, target: 2025-02-12
• No major changes in the Rankin family's ownership percentage of NACCO Class B stock are imminent based on this amendment. (Alfred M. Rankin, Jr.) — medium confidence, target: 2024-08-12

FAQ

Key Financial Figures

• $1.00 — suer) Class B Common Stock, par value $1.00 per share (Title of Class of Securiti

Filing Documents

• d771225dsc13da.htm (SC 13D/A) — 185KB
• d771225dex9969.htm (EX-99.69) — 197KB
• d771225dex9970.htm (EX-99.70) — 33KB
• 0001193125-24-030890.txt ( ) — 417KB

to Schedule 13D

Part II to Schedule 13D The Schedule 13D originally filed on March 29, 1990, as amended and restated in its entirety pursuant to Regulation S-T Rule 101(a)(2) on March 20, 1992, as amended by Amendment No. 1 filed on March 28, 1995, as amended by Amendment No. 2 filed on March 21, 1996, as amended by Amendment No. 3 filed on November 26, 1996, as amended by Amendment No. 4 filed on January 10, 1997, as amended by Amendment No. 5 filed on March 19, 1997, as amended by Amendment No. 6 filed on March 25, 1999, as amended by Amendment No. 7 filed on March 30, 2000, as amended by Amendment No. 8 filed on February 14, 2001, as amended by Amendment No. 9 filed on February 14, 2002, as amended by Amendment No. 10 filed on February 14, 2003, as amended by Amendment No. 11 filed on February 17, 2004, as amended by Amendment No. 12 filed on February 15, 2005, as amended by Amendment No. 13 filed on February 14, 2006, as amended by Amendment No. 14 filed on February 14, 2007, as amended by Amendment No. 15 filed on February 14, 2008, as amended by Amendment No. 16 filed on February 13, 2009, as amended by Amendment No. 17 filed on February 16, 2010, as amended by Amendment No. 18 filed on February 14, 2011, as amended by Amendment No. 19 filed on February 14, 2012, as amended by Amendment No. 20 filed on February 14, 2013, as amended by Amendment No. 21 filed on February 14, 2014, as amended by Amendment No. 22 filed on February 13, 2015, as amended by Amendment No. 23 filed on February 12, 2016, as amended by Amendment No. 24 filed on February 14, 2017, as amended by Amendment No. 25 filed on February 13, 2018, as amended by Amendment No. 26 filed on February 13, 2020, as amended by Amendment No. 27 filed on February 12, 2021, as amended by Amendment No. 28 filed on February 11, 2022 and as amended by Amendment No. 29 filed on February 10, 2023 (collectively, the Filings ), related to shares of Class B common stock ( Class B Common ) of NACCO Industries, Inc. (the Company )

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 By: /s/ Alfred M. Rankin, Jr. Alfred M. Rankin, Jr., on behalf of himself, and as: Attorney-in-Fact for Clara L. T. Rankin* Attorney-in-Fact for Alfred M. Rankin, Jr.* Attorney-in-Fact for Victoire G. Rankin* Attorney-in-Fact for Helen Rankin Butler (f/k/a Helen P. Rankin)* Attorney-in-Fact for Clara T. Rankin Williams (f/k/a Clara T. Rankin)* Attorney-in-Fact for Thomas T. Rankin* Attorney-in-Fact for Matthew M. Rankin* Attorney-in-Fact for James T. Rankin* Attorney-in-Fact for Claiborne R. Rankin* Attorney-in-Fact for Chloe O. Rankin* Attorney-in-Fact for Chloe R. Seelbach (f/k/a Chloe E. Rankin)* Attorney-in-Fact for Claiborne R. Rankin, Jr.* Attorney-in-Fact for Roger F. Rankin* Attorney-in-Fact for Bruce T. Rankin* Attorney-in-Fact for Rankin Management, Inc.* Attorney-in-Fact for Rankin Associates I, L.P. (f/k/a CTR Family Associates, L.P.)* Attorney-in-Fact for The Trust created under the Agreement, dated December 28, 1976, between National City Bank, as trustee, and Clara L.T. Rankin, for the benefit of grandchildren* Attorney-in-Fact for The Trust created under the Agreement, dated July 20, 2000, as supplemented, amended and restated, between Alfred M. Rankin, Jr., as trustee, and Clara T. Rankin, for the benefit of Clara T. Rankin* Attorney-in-Fact for The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated, between Alfred M. Rankin, Jr., as trustee, and Alfred M. Rankin, Jr., for the benefit of Alfred M. Rankin, Jr.* Attorney-in-Fact for The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated, between Alfred M. Rankin, Jr., as trustee, and Victoire G. Rankin, for the benefit of Victoire G. Rankin* Attorney-in-Fact for The Trust created unde

View Full Filing

View this SC 13D/A filing on SEC EDGAR