SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED AND RESTATED
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 4)(1)
NACCO INDUSTRIES, INC.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
CLASS B COMMON STOCK, PAR VALUE $1.00 PER SHARE
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
629579 20 02
--------------------------------------------------------------------------------
(CUSIP NUMBER)
ALFRED M. RANKIN, JR.
5875 LANDERBROOK DRIVE
MAYFIELD HEIGHTS, OHIO 44124-4017
(216) 449-9600
--------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES
AND COMMUNICATIONS)
MARCH 27, 2002
--------------------------------------------------------------------------------
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(CONTINUED ON FOLLOWING PAGES)
(PAGE 1 OF 22 PAGES)
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 2 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rankin Associates I, L.P.
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 0
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 3 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Rankin Management, Inc.
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 0
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 4 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Clara L. T. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 7,000
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
479,371
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
479,371
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.3%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 5 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Alfred M. Rankin, Jr.
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 478,427
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
478,427
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
478,427
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.3%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 6 of 22 Pages
----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas T. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
68,329
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 476,358
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
68,329
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
476,358
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
544,687
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.3%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 7 of 22 Pages
-----------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Claiborne R. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
73,280
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 479,149
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
73,280
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
479,149
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
552,429
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.8%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 8 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Roger F. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
78,198
NUMBER OF ------------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 472,371
PERSON WITH ------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
78,198
------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
472,371
----------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,569
----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
33.7%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 9 of 22 Pages
-----------------
--------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce T. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 0
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
472,371
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,371
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.9%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------------------------------------------------------------------------------------------------------------------
CUSIP No. 629579 20 02 13D Page 10 of 22 Pages
-----------------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Victoire G. Rankin
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO - See Item 3
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEM 2(d) OR 2(e)
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH REPORTING 6,056
PERSON WITH ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,056
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,056
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-------------------------------------------------------------------------------
CUSIP NO. 629579 20 02 Schedule 13D Page 11 of 22 Pages
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The undersigned Reporting Persons (as defined below) hereby file this
Amended and Restated Schedule 13D (this "Restated Schedule 13D") in connection
with (a) the assignment of partnership interests by former partners of Rankin
Associates I, L.P., a Delaware limited partnership (the "Partnership"), and (b)
an amendment and restatement of the partnership agreement governing the
Partnership (the "Partnership Agreement"). This Restated Schedule 13D supersedes
and replaces the information with respect to beneficial ownership of shares of
Class B Common (as defined below) by the Partnership and its partners that
appeared in the Schedule 13D filed by the Reporting Persons on November 25,
1996, as amended on November 26, 1996, as amended on January 10, 1997, and as
amended on February 14, 2001.
ITEM 1. SECURITY AND ISSUER.
This statement relates to Class B Common Stock, par value $1.00 per
share ("Class B Common"), of NACCO Industries, Inc., a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017.
ITEM 2. IDENTITY AND BACKGROUND.
(a)-(c) Pursuant to the Securities Exchange Act of 1934 (the "Act") and
regulations thereunder, this Restated Schedule 13D is filed on behalf of the
Partnership, the General Partners of the Partnership (the "General Partners"),
the limited partners of the Partnership (the "Limited Partners," and together
with the General Partners, the "Partners") and the former partners of the
Partnership (collectively, the "Reporting Persons"). The Partners may be deemed
as a group to have acquired beneficial ownership of the 472,371 shares of Class
B Common held by the Partnership.
Although the Reporting Persons are making this joint filing, except as
otherwise set forth in this filing, neither the fact of this filing nor anything
contained herein shall be deemed to be an admission by the Partners that a group
exists within the meaning of the Act.
The name, state of organization, principal business, address of the
principal business and the address of the principal office for each of the
Reporting Persons is as follows:
RANKIN ASSOCIATES I, L.P. is a Delaware limited partnership. Its
principal business is to hold under common management certain of the Class B
Common beneficially owned by the Partners. The address of its principal business
and its principal office is Suite 300, 5875 Landerbrook Drive, Mayfield Heights,
Ohio 44124-4017. The General Partners of the Partnership are (a) the Main Trust
of Alfred M. Rankin created under the Agreement, dated September 28, 2000, as
supplemented, amended and restated (the "Alfred Rankin Trust"), (b) the Main
Trust of Claiborne R. Rankin created by the Agreement, dated June 22, 1971, as
supplemented, amended and restated (the "Claiborne Rankin Trust"), (c) the Main
Trust Agreement of Roger F. Rankin created by the Agreement, dated September 11,
1973, as supplemented, amended and restated (the "Roger Rankin Trust"), and (d)
the Main Trust of Thomas T. Rankin created by the Agreement, dated December 29,
1967, as supplemented, amended and restated (the "Thomas Rankin Trust")
(together, the "General Partners"). The trustee and primary beneficiary of each
General Partner is
-------------------------------------------------------------------------------
CUSIP NO. 629579 20 02 Schedule 13D Page 12 of 22 Pages
-------------------------------------------------------------------------------
a Reporting Individual (as defined below). The Limited Partners of the
Partnership are the following trusts: (i) the Alfred Rankin Trust, (ii) the
Claiborne Rankin Trust, (iii) the Roger Rankin Trust, (iv) the Thomas Rankin
Trust, (v) the Main Trust of Clara T. Rankin created under the Agreement, dated
July 20, 2000, as supplemented, amended and restated (the "Clara Rankin Trust"),
and (vi) the Main Trust of Bruce T. Rankin created under the Agreement, dated
September 28, 2000, as supplemented, amended and restated (the "Bruce Rankin
Trust"). The trustee and primary beneficiary of each Limited Partner is a
Reporting Individual.
RANKIN MANAGEMENT, INC. ("RMI") is a Delaware corporation. Its
principal business is to act as a family business corporation for members of the
Rankin family and to serve as the general partner of Rankin Associates II, L.P.,
a Delaware limited partnership. The address of its principal business and its
principal office is Suite 300, 5875 Landerbrook Drive, Mayfield Heights, Ohio
44124-4017. The stockholders, executive officers and directors of RMI consist of
Alfred M. Rankin, Jr., Thomas T. Rankin, Claiborne R. Rankin and Roger F.
Rankin, all of whom are Reporting Persons, or trusts created by and for the
benefit of such Reporting Persons.
The names, and, for purposes of this filing, the business address, and
present principal occupation or employment, and the name, principal business and
address of any corporation or other organization in which such employment is
conducted, for the Reporting Persons other than the Partnership and RMI
(hereinafter, the "Reporting Individuals"), are as follows:
CLARA L. T. RANKIN. Mrs. Rankin's business address is Suite 300, 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. She is not employed.
ALFRED M. RANKIN, JR. Mr. Rankin's business address is Suite 300, 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. He is Chairman, President
and Chief Executive Officer of the Company, which is a holding company whose
principal operating subsidiaries function in three principal businesses: lignite
mining, lift trucks and housewares.
THOMAS T. RANKIN. Mr. Rankin's business address is 2100 West Laburnam
Avenue, Interstate Center, Suite 102, Richmond, Virginia 23227. He is the owner
of Cross-Country Marketing, a food brokerage business.
CLAIBORNE R. RANKIN. Mr. Rankin's business address is Suite 300, 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. He is a partner in
Sycamore Partners, LLC, a venture capital partnership.
ROGER F. RANKIN. Mr. Rankin's resident address is 1449 Carpenter Road,
P.O. Box 550, Gates Mills, Ohio 44040. He is a self-employed consultant.
BRUCE T. RANKIN. Mr. Rankin's resident address is 1315 Southwyck Drive,
Chagrin Falls, Ohio 44022. He is not employed.
VICTOIRE G. RANKIN. Mrs. Rankin's business address is Suite 300, 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. She is not employed.
-------------------------------------------------------------------------------
CUSIP NO. 629579 20 02 Schedule 13D Page 13 of 22 Pages
-------------------------------------------------------------------------------
(d) None of the persons identified in this Item 2 has, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) None of the persons identified in this Item 2 has, during the last
five years, been a party to any civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which such person was or is
subject to a judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or State securities laws
or finding any violation with respect to such laws.
(f) All of the Reporting Individuals are citizens of the United States
of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Except as otherwise provided in this Item 3, beneficial ownership of
the Class B Common by the Reporting Persons was acquired by such Reporting
Persons (i) when The North American Coal Corporation, an Ohio corporation, was
reorganized as the Company in 1986, (ii) as recipients of gifts or bequests of
Class B Common, (iii) as successor trustees of trusts holding Class B Common or
(iv) as trustees of the assignees of partnership interests in the Partnership.
The Partnership acquired beneficial ownership of the Class B Common
reported in this Restated Schedule 13D as capital contributions from the
Partners.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the formation of the Partnership and of RMI and the
Reporting Individuals entering into and delivering the original partnership
agreement, and the acquisition by the Partnership of the Class B Common was to
(a) provide the Reporting Individuals with a mechanism for consolidating the
management of their holdings of Class B Common in a manner that would allow
coordinated family management of such Class B Common and (b) to facilitate the
estate planning objectives of the Reporting Individuals. In March 2002, (a) RMI
assigned its partnership interests in the Partnership, which consisted solely of
general partnership interests, to the General Partners, and (b) the Main Trust
of Victoire G. Rankin created under the Agreement, dated September 28, 2000, as
supplemented, amended and restated (the "Victoire Rankin Trust") assigned its
partnership interests in the Partnership, which consisted solely of limited
partnership interests, to the Alfred Rankin Trust. The purpose of these
assignments of partnership interests was to further these purposes described
above.
Except as expressly set forth in this Restated Schedule 13D, the
Reporting Persons do not have any present plans or proposals which relate to or
would result in:
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company
except acquisitions and dispositions in the ordinary course
consistent with such Reporting Person's past practices;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of
its subsidiaries;
-------------------------------------------------------------------------------
CUSIP NO. 629579 20 02 Schedule 13D Page 14 of 22 Pages
-------------------------------------------------------------------------------
(c) A sale or transfer of a material amount of assets of the
Company or any of its subsidiaries;
(d) Any change in the present board of directors or management of
the Company, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies
on the board;
(e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or
corporate structure;
(g) Changes in the Company's charter, bylaws, or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Company by any person;
(h) Causing a class of securities of the Company to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of
a registered national securities association;
(i) A class of equity securities of the Company becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Act; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Pursuant to the Act and regulations thereunder, the Reporting
Persons other than RMI and Victoire Rankin may be deemed as a group to have
beneficial ownership of 472,371 shares of Class B Common (the aggregate number
of shares of Class B Common that are held by the Partnership), which amount
represents approximately 28.9% of the outstanding Class B Common as of February
28, 2002.
Each of the Reporting Persons has, as of February 28, 2002, sole or
shared power to vote or to direct the vote and sole or shared power to dispose
or to direct the disposition of Class B Common as follows:
RANKIN MANAGEMENT, INC. RMI has neither the sole nor shared
power to vote or dispose of any shares of Class B Common.
RANKIN ASSOCIATES I, L.P. Although the Partnership
beneficially owns 472,371 shares of Class B Common, it does not have any power
to vote or dispose of shares of Class B Common. Voting control of the Class B
Common held by the Partnership is exercised by the General Partners and the
power to dispose of the Class B Common is shared by the General Partners and the
Limited Partners, all as more fully described below.
-------------------------------------------------------------------------------
CUSIP NO. 629579 20 02 Schedule 13D Page 15 of 22 Pages
-------------------------------------------------------------------------------
CLARA L. T. RANKIN. Mrs. Rankin, as primary beneficiary of the
Clara Rankin Trust, which is a Limited Partner, shares the power to dispose of
472,371 shares of Class B Common held by the Partnership with the General
Partners and the other Limited Partners. In addition, Mrs. Rankin has a
reversionary interest in 7,000 shares of Class B Common held by an irrevocable
trust created by the Agreement, dated December 18, 1963, with National City
Bank, a national banking association ("NCB"), as trustee, for the benefit of
Elizabeth E. Brown. Mrs. Rankin, as an advisor to such trust, shares with NCB
the power to vote and dispose of such 7,000 shares. Collectively, the 479,371
shares of Class B Common with respect to which Mrs. Rankin shares the power to
dispose constitute approximately 29.3% of the outstanding Class B Common. NCB is
a national banking association with its principal business and office location
at 1900 East 9th Street, Cleveland, Ohio 44113. To the knowledge of the
Reporting Persons, during the last five years, NCB has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to any civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which NCB was or is subject to a judgment,
decree, or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
ALFRED M. RANKIN, JR. Mr. Rankin (a) as trustee and primary
beneficiary of the Alfred Rankin Trust, which is a General Partner, shares the
power to vote 472,371 shares of Class B Common held by the Partnership with the
other trustees and primary beneficiaries of the other General Partners, (b) as a
trustee and primary beneficiary of a General Partner and a Limited Partner,
shares the power to dispose of 472,371 shares of Class B Common held by the
Partnership with the other trustees and primary beneficiaries of the other
General Partners and other Limited Partners, (c) as trustee of a trust for the
benefit of Helen Rankin Butler, his daughter, shares with that daughter the
power to vote and dispose of 3,028 shares of Class B Common and (d) as trustee
of a trust for the benefit of Clara T. (Rankin) Williams, his daughter, shares
with that daughter the power to vote and dispose of 3,028 shares of Class B
Common. Together, these 478,427 shares constitute approximately 29.3% of the
outstanding Class B Common. The business address of Helen Rankin Butler is Camp
Aloha Hive, RR #1, Box 289, Fairlee, Vermont 05045. Mrs. Butler is employed as
the Director of Camp Aloha Hive. Mrs. Williams' resident address is 425 West
Roslyn Place, Chicago, Illinois 60614. She is not employed. To the knowledge of
the Reporting Individuals, during the last five years, neither Helen Rankin
Butler nor Clara T. (Rankin) Williams has been convicted in any criminal
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which she was or is subject to a judgment, decree, or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
THOMAS T. RANKIN. Mr. Rankin (a) has the sole power to vote
and dispose of 68,329 shares of Class B Common, (b) as co-trustee of a trust for
the benefit of a son, Matthew M. Rankin, shares with such son the power to vote
and dispose of 3,987 shares of Class B Common, (c) as trustee and primary
beneficiary of the Thomas Rankin Trust, which is a General Partner, shares the
power to vote 472,371 shares of Class B Common held by the Partnership with the
other trustees and primary beneficiaries of the other General Partners and (d)
as a trustee and primary beneficiary of a General Partner and a Limited Partner,
shares the power to dispose of 472,371 shares of Class B Common held by the
Partnership with the other trustees and primary
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beneficiaries of the other General Partners and other Limited Partners.
Together, these 544,687 shares constitute approximately 33.3% of the outstanding
Class B Common. Matthew M. Rankin's business address is 230 N. Elm Street, P.O.
Box 21048, Greensboro, North Carolina 27420. He is a corporate banking officer
with Wachovia Bank. To the knowledge of the Reporting Persons, during the last
five years, Matthew M. Rankin has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or been a party to any
civil proceeding of a judicial or administrative body of competent jurisdiction
as a result of which Mr. Rankin was or is subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
CLAIBORNE R. RANKIN. Mr. Rankin (a) has the sole power to
vote and dispose of 73,280 shares of Class B Common, including 650 shares of
Class B Common held as custodian for a minor daughter, (b) shares with his
daughter, Chloe R. Seelbach, the power to vote and dispose of 2,408 shares of
Class B Common held in trust for the benefit of Chloe R. Seelbach, (c) shares
with his son, Claiborne R. Rankin, Jr., the power to vote and dispose of 1,630
shares of Class B Common held in trust for the benefit of Claiborne R. Rankin,
Jr., (d) as trustee and primary beneficiary of the Claiborne Rankin Trust, which
is a General Partner, shares the power to vote 472,371 shares of Class B Common
held by the Partnership with the other trustees and primary beneficiaries of the
other General Partners, (e) as a trustee and primary beneficiary of a General
Partner and a Limited Partner, shares the power to dispose of 472,371 shares of
Class B Common held by the Partnership with the other trustees and primary
beneficiaries of the other General Partners and other Limited Partners and (f)
is deemed to share with Chloe O. Rankin, his spouse, the power to vote and
dispose of 2,740 shares of Class B Common owned by her because she resides with
him. Together, these 552,429 shares constitute approximately 33.8% of the
outstanding Class B Common. The business address of Chloe R. Seelbach is 22700
Shore Center Drive, Euclid, Ohio 44124. Mrs. Seelbach is employed as a product
manager with Employon, Inc. Claiborne R. Rankin, Jr.'s resident address is 36779
Cedar Road, Gates Mills, Ohio 44040. Claiborne R. Rankin, Jr. is a student.
Chloe O. Rankin is not employed. Her business address is 5875 Landerbrook Drive,
Mayfield Heights, Ohio 44124-4017. To the knowledge of the Reporting Persons,
during the last five years, none of Chloe R. Seelbach, Claiborne R. Rankin, Jr.
or Chloe O. Rankin has been convicted in any criminal proceeding of a judicial
or administrative body of competent jurisdiction as a result of which she was or
is subject to a judgment, decree, or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
ROGER F. RANKIN. Mr. Rankin (a) has the sole power to vote and
dispose of 78,198 shares of Class B Common, (b) as trustee and primary
beneficiary of the Roger Rankin Trust, which is a General Partner, shares the
power to vote 472,371 shares of Class B Common held by the Partnership with the
other trustees and primary beneficiaries of the other General Partners and (c)
as a trustee and primary beneficiary of a General Partner and a Limited Partner,
shares the power to dispose of 472,371 shares of Class B Common held by the
Partnership with the other trustees and primary beneficiaries of the other
General Partners and other Limited Partners. Together, these 550,569 which
shares constitute approximately 33.7% of the outstanding Class B Common.
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BRUCE T. RANKIN. Mr. Rankin, as primary beneficiary of the
Bruce Rankin Trust, which is a Limited Partner, shares the power to dispose of
472,371 shares of Class B Common with the General Partners and the other Limited
Partners, which shares constitute approximately 28.9% of the outstanding Class B
Common.
VICTOIRE G. RANKIN. Mrs. Rankin does not have any power to
vote or dispose of shares of Class B Common held by the Partnership. Mrs. Rankin
(a) is deemed to share the power to vote and dispose of 3,028 shares of Class B
Common owned by a trust created for the benefit of one of her daughters because
her spouse, Alfred M. Rankin, Jr., is trustee of such trust and her spouse
resides with her, and (b) is deemed to share the power to vote and dispose of
3,028 shares of Class B Common owned by a trust created for the benefit of a
second daughter because her spouse is trustee of such trust and her spouse
resides with her. Together, these 6,056 shares constitute approximately 3.7% of
the outstanding Class B Common.
(c) On March 27, 2002, RMI assigned its partnership interest in the
Partnership, which consisted solely of general partnership interests, to the
General Partners and the General Partners assumed and fulfilled obligations of
RMI outstanding under its subscription agreement with the Partnership. On March
27, 2002, the Victoire Rankin Trust assigned its partnership interest in the
Partnership, which consisted solely of limited partnership interests, to the
Alfred Rankin Trust and the Alfred Rankin Trust assumed and fulfilled
obligations of the Victoire Rankin Trust outstanding under its subscription
agreement with the Partnership. Except for the transactions referred to in the
immediately preceding sentences, there have been no transactions in Class B
Common by any of the persons named in response to Item 2 hereof during the 60
days prior to the date hereof.
(d) No other person is known by the undersigned to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the Class B Common held by the Partnership.
(e) As of March 27, 2002, RMI is not the beneficial owner of more than
five percent of the Class B Common. As of March 27, 2002, Victoire G. Rankin is
not the beneficial owner of more than five percent of the Class B Common Stock
by virtue of being a Partner in the Partnership. Victoire G. Rankin is a party
to the NACCO Stockholders' Agreement described herein and may be deemed to
beneficially own shares of Class B Common subject to the NACCO Stockholders'
Agreement. Any further reporting required on the part of Victoire G. Rankin by
virtue of this relationship will be reflected in the Schedule 13D filed with
respect to the NACCO Stockholders' Agreement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Under the terms of the Partnership Agreement, the General Partners
share the power to vote the Class B Common held by the Partnership. Further,
under such terms, the General Partners generally exercise such power by a vote
of the General Partners holding a majority of the general partnership interests.
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CUSIP NO. 629579 20 02 Schedule 13D Page 18 of 22 Pages
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Under the terms of the Partnership Agreement, the Partnership may not
dispose of Class B Common or convert Class B Common into Class A Common without
the consent of the General Partners holding more than 75% of the general
partnership interests in the Partnership and the consent of the holders of more
than 75% of all partnership interests, including the general partnership
interests, in the Partnership ("Partnership Interests").
The Partnership Agreement restricts the transfer of Partnership
Interests by the Partners and provides the Partners and the Partnership with a
right of first refusal to acquire Partnership Interests that a Partner desires
to sell and a repurchase obligation to compel the sale of Partnership Interests
by the Partners under certain circumstances. These transfer restrictions, rights
of first refusal and repurchase obligations are more fully set forth in the
Partnership Agreement, a copy of which is attached hereto as Exhibit 2, and
incorporated herein in its entirety.
Each of the Reporting Persons is a party to the Stockholders'
Agreement, dated as of March 15, 1990, as amended (the "NACCO Stockholders'
Agreement," a copy of which is attached or incorporated hereto as Exhibits 3 and
4 and incorporated herein in its entirety), among the Company, National City
Bank, (Cleveland, Ohio), as successor depository (the "Depository") and the
individuals, custodianships and trusts listed therein and thus is a
"Participating Stockholder" within the meaning of the NACCO Stockholders'
Agreement.
The NACCO Stockholders' Agreement requires a Participating Stockholder
to offer the shares of Class B Common beneficially owned by such Participating
Stockholder to all of the other Participating Stockholders upon the occurrence
of either of the following: (a) the proposed conversion of shares of Class B
Common by such Participating Stockholder into shares of Class A Common Stock,
par value $1.00 per share, of the Company ("Class A Common"), and (b) the
proposed sale, transfer or other disposition of Class B Common by such
Participating Stockholder to any permitted transferee (under the terms of the
Class B Common) who is not a signatory to the NACCO Stockholders' Agreement. In
either of these cases, the Participating Stockholder proposing to enter into one
of these transactions must notify all other Participating Stockholders of such
proposed transaction and then must allow each such other Participating
Stockholder the opportunity to purchase such Participating Stockholder's pro
rata portion of the shares of Class B Common which are subject to the proposed
transaction in accordance with the procedures described below. The NACCO
Stockholders' Agreement, however, does not restrict transfers of Class B Common
among the Participating Stockholders or any other permitted transferee who
becomes a signatory to the NACCO Stockholders' Agreement.
A Participating Stockholder proposing to engage in a transaction
triggering a right of first refusal must first give written notice of the
proposed transaction by registered mail to the Depository. The Depository, in
turn, is required to send such notice promptly to all of the other Participating
Stockholders and to the Company. Following receipt of such notice, each other
Participating Stockholder will have seven (7) business days to elect whether or
not to purchase his, her or its pro rata portion of the shares of the Class B
Common which have triggered the right of first refusal. A Participating
Stockholder's pro rata portion will be determined by dividing the number of
shares of Class B Common which such person owns by the number of shares of Class
B Common which are owned by all of the other Participating Stockholders who
similarly may elect to purchase the shares of Class B Common which have
triggered the right of first refusal. A notice
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CUSIP NO. 629579 20 02 Schedule 13D Page 19 of 22 Pages
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electing to purchase a pro rata portion of the shares of Class B Common must be
sent to the Depository by the end of the seven (7) business day period. If the
other Participating Stockholders electing to purchase do not elect to purchase
all of the shares of Class B Common being offered, then such other Participating
Stockholders have an additional five (5) business days to agree among themselves
how to allocate the shares not purchased. If they cannot reach an agreement, the
allocation shall be pro rata. If there are still shares of Class B Common which
are not purchased following such allocation, then the Company shall have an
additional three (3) business days to decide whether or not to purchase the
remaining shares. The Company, however, is under no obligation to purchase any
such shares.
Following the completion of such procedures, the Participating
Stockholder who has triggered the right of first refusal is free, for a period
of thirty (30) business days, to convert the shares of Class B Common, if any,
which remain, into shares of Class A Common. If the Participating Stockholder
had originally proposed to transfer the shares, such Participating Stockholder
would be free to transfer shares of Class A Common in accordance with the
originally proposed transaction.
Participating Stockholders who elect to exercise the right of first
refusal and purchase shares of Class B Common may pay for such shares in cash,
an equivalent number of shares of Class A Common, or in a combination of cash
and shares of Class A Common. The purchase price to be paid is the higher of
what is specified in the notice sent by the Participating Stockholder who has
triggered the right of first refusal and the average of the last sales price of
Class A Common on the New York Stock Exchange for the five (5) days prior to the
date of such notice.
The NACCO Stockholders' Agreement only restricts the conversion or the
sales or other disposition outside of the NACCO Stockholders' Agreement, of
shares of Class B Common held by each Participating Stockholder. The NACCO
Stockholders' Agreement does not restrict in any respect how a Participating
Stockholder may vote the shares of Class B Common which are subject to the terms
of the NACCO Stockholders' Agreement.
Effective March 27, 2002, each of the Company, the Depository and the
Participating Stockholders executed an Amendment to Stockholders' Agreement
amending the Stockholders' Agreement pursuant to which the trustees of trusts
for the benefit of certain Participating Stockholders became a Participating
Stockholder under the Stockholders' Agreement. A copy of the Amendment to
Stockholders' Agreement is attached hereto as Exhibit 4 and is incorporated
herein in its entirety.
On November 19, 2001, a Registration Statement on Form S-4 (Reg. No
333-65134 (the "Registration Statement")) registering up to 200,000 shares of
Class A Common became effective. The Registration Statement identifies Alfred M.
Rankin, Jr., Thomas T. Rankin, Clairborne R. Rankin and Roger F. Rankin, each of
whom is a Reporting Person, or in each case his revocable trust as selling
stockholders under the Registration Statement (the "Selling Stockholders"). The
Registration Statement contemplates transfers, from time to time, of up to
50,000 shares of Class A Common, on a share for share basis by each of the
Selling Stockholders in exchange for an aggregate of 200,000 shares of Class B
Common from holders of Class B Common that are so called "permitted transferees"
pursuant to the Company's Certificate of Incorporation and the
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CUSIP NO. 629579 20 02 Schedule 13D Page 20 of 22 Pages
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NACCO Stockholders' Agreement. Each exchange would result in one or more of the
Selling Stockholders transferring one share of Class A Common for each share of
Class B Common transferred by other parties to the NACCO Stockholders' Agreement
to the Selling Stockholder or Selling Stockholders. The recipients of the Class
A Common from the Selling Stockholders must be parties to the NACCO
Stockholders' Agreement. Parties to the Stockholders' Agreement who transfer
their shares of Class B Common, on a share for share basis, to the Selling
Stockholders in exchange for shares of Class A Common will reduce their voting
power. The Selling Stockholders who receive shares of Class B Common in exchange
for their Class A Common, on a share for share basis, will increase their voting
power.
Except as set forth above in this Restated Schedule 13D and the
Schedule 13D (and exhibits attached thereto) filed on February 18, 1998 by RMI,
the Reporting Individuals and the other persons named therein with respect to
the Class A Common held by Rankin Associates II, L.P., as amended on March 30,
1998, and as further amended on each of April 20, 1998, January 11, 1999, May
28, 1999, November 13, 2000, February 14, 2001 and January 10, 2002 (which
Schedule 13D and exhibits are incorporated herein by reference), none of the
persons named in response to Item 2 hereof have any contracts, arrangements,
understandings or relationships (legal or otherwise) with any person with
respect to any securities of the Company, including but not limited to transfer
or voting of any such securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits or loss, or the giving or
withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(Exhibit 1) Agreement pursuant to Rule 13d-1(k)(1).
(Exhibit 2) Amended and Restated Limited Partnership Agreement of Rankin
Associates I, L.P., dated as of March, 2002.
(Exhibit 3) Stockholders' Agreement, dated as of March 15, 1998, as
amended, by and among the Company, National City Bank,
(Cleveland, Ohio), as depository, and the Participating
Stockholders (as such term is defined therein), incorporated
by reference to the exhibits to the Schedule 13D filed on
March 29, 1990 by the Participating Stockholders under the
NACCO Stockholders' Agreement, as amended on April 11, 1990,
March 14, 1991, March 20, 1992, March 9, 1994, March 30, 1994,
March 28, 1995, March 21, 1996, November 26, 1996, January 10,
1997, March 19, 1997, March 25, 1999, March 30, 2000, February
14, 2001 and February 14, 2002.
(Exhibit 4) Amendment to Stockholders' Agreement, dated as of March 27,
2002, adding the trustees of trusts for the benefit of certain
Participating Stockholders as Participating Stockholders under
the NACCO Stockholders' Agreement.
(Exhibit 5) Schedule 13D (and exhibits attached thereto) filed on
February 18, 1998 by RMI, the Reporting Individuals and the
other persons named therein with respect to the Class A Common
held by Rankin Associates II, L.P., as amended on March 30,
1998, and as further amended on each of April 20, 1998,
January 11, 1999, May 28,
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CUSIP NO. 629579 20 02 Schedule 13D Page 21 of 22 Pages
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1999, November 13, 2000, February 14, 2001 and January 10,
2002 (which Schedule 13D and exhibits are incorporated herein
by reference).
(Exhibit 6) Power of Attorney of Reporting Individuals.
[SIGNATURES BEGIN ON NEXT PAGE.]
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CUSIP NO. 629579 20 02 Schedule 13D Page 22 of 22 Pages
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SIGNATURE
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: March 27, 2002
Name: RANKIN ASSOCIATES I, L.P.
By: Main Trust of Alfred M. Rankin created under the
Agreement dated as of September 28, 2000, as
supplemented, amended and restated, one of its
General Partners
By: /s/ Alfred M. Rankin, Jr.
--------------------------------------------
Alfred M. Rankin, Jr., as Trustee
Name: RANKIN MANAGEMENT, INC.
By: /s/ Alfred M. Rankin, Jr.
-------------------------------------------------
Alfred M. Rankin, Jr., President
REPORTING INDIVIDUALS
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 Thomas T. Rankin*
Attorney-in-Fact for Claiborne R. Rankin*
Attorney-in-Fact for Roger F. Rankin*
Attorney-in-Fact for Bruce T. Rankin*
Attorney-in-Fact for Victoire G. Rankin*
---------------------------------
* The power of attorney authorizing the above named individual to act on
behalf of each of the foregoing Reporting Persons is included in
Exhibit 6.