NACCO Industries Inc. has announced an amendment to the NACCO Natural Resources Corporation Excess Retirement Plan, effective January 1, 2026. The revised plan allows for separate deferral elections to both the Excess Plan and the Retirement Savings Plan. Under the amendment, deferrals to the Excess Plan will only begin once an employee has reached the deferral limit set by Section 402(g) of the Internal Revenue Code. Additionally, NACCO and Mr. Alfred M. Rankin, Jr. have mutually agreed to terminate his consulting agreement effective December 31, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NACCO Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000789933-25-000115), on December 16, 2025, and is solely responsible for the information contained therein.