NACCO INDUSTRIES, INC. (NYSE:NC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Harry B. Tipton, III, age 61, Vice President of Engineering of The North American Coal Corporation (“NACoal”), a wholly owned subsidiary of NACCO Industries, Inc. (“NACCO”), has notified NACCO that he intends to retire, effective March 31, 2019, after over 36 years of service. Mr. Tipton joined NACoal in 1982 as a mining engineer. During his tenure at NACoal, Mr. Tipton has held various management and leadership positions, including General Manager of Mississippi Lignite Mining Company. Mr. Tipton assumed the position of Vice President of Engineering in September 2010.
Vern Lund, age 46, Vice President of Business Development, will become the Vice President of Engineering and Business Development effective April 1, 2019. Mr. Lund began working for NACoal at The Coteau Properties Company in May 1995 as an engineer. Mr. Lund has served in various management and leadership positions with NACoal, becoming Vice President of Business Development in May 2017.
About NACCO INDUSTRIES, INC. (NYSE:NC)
NACCO Industries, Inc. is a holding company with principal businesses, including mining, small appliances and specialty retail. The Company operates through three segments: NACoal, HBB and KC. Its subsidiaries include The North American Coal Corporation (NACoal), Hamilton Beach Brands, Inc. (HBB) and Kitchen Collection (KC). Its NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies. NACoal’s mining operations include Mississippi Lignite Mining Company and Centennial Natural Resources. Its HBB segment designs, markets and distributes a range of small electric household and specialty housewares appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters and toaster ovens. Its KC is a national specialty retailer of kitchenware and gourmet foods operating under the Kitchen Collection and Le Gourmet Chef store names in outlets and malls.
