<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDED AND RESTATED
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
NACCO INDUSTRIES, INC.
- --------------------------------------------------------------------------------
(NAME OF ISSUER)
CLASS B COMMON, 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)
DECEMBER 31, 1996
- --------------------------------------------------------------------------------
(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 WHICH IS THE SUBJECT OF THIS AMENDED AND RESTATED SCHEDULE 13D,
AND IS FILING THIS SCHEDULE BECAUSE OF RULE 13d-1(b)(3) OR (4), CHECK THE
FOLLOWING BOX [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
(Continued on following pages)
(Page 1 of 19 Pages)
- ------------
* 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 (the "Act") 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).
<PAGE> 2
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 2 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 7,000
EACH REPORTING -------------------------------------------------
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
28.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 3
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CUSIP No. 629579 20 02 13D Page 3 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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
27.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 4
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 4 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
71,516
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
71,516
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
472,371
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
543,887
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 5
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 5 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
77,318
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
77,318
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
472,371
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
549,689
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
32.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 6
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 6 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
78,198
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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
32.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 7
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 7 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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
27.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 8
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 8 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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
27.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 9
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 9 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Margaret E. Taplin
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
7,487
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
7,487
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,487
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 10
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 10 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CTR Family Associates, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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 INSTRUCTION BEFORE FILLING OUT!
<PAGE> 11
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 11 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
472,371
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING -------------------------------------------------
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
27.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 12
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 12 of 19 Pages
----------------- ---- ----
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
National City Bank, as trustee
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00 - See Item 3
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 21,000
EACH REPORTING -------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE> 13
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 13 of 19 Pages
- -------------------------------- ----------------------------------
The Schedule 13D filed on March 29, 1990, as amended by Amendment No. 1
filed on April 11, 1990, as amended by Amendment No. 2 filed on March 14, 1991,
as amended by Amendment No. 3 filed on March 20, 1992, as amended by Amendment
No. 4 filed on March 9, 1994, as amended and restated in its entirety pursuant
to Regulation S-T, Rule 101(a)(2) on March 30, 1994 (the "Schedule 13D") and as
amended by Amendment No. 1 to the amended and restated Schedule 13D filed on
March 28, 1995, as amended by Amendment No. 2 to the amended and restated
Schedule 13D filed on March 21, 1996, and as amended by Amendment No. 3 to the
amended and restated Schedule 13D filed on November 25, 1996, on behalf of
certain signatories to the Stockholders' Agreement, dated as of March 15, 1990,
as amended, among the signatories thereto, NACCO Industries, Inc. and KeyCorp
Shareholder Services, Inc. (successor by merger to Ameritrust Company National
Association), as depository, is hereby further amended as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
-------------------------------------------------
Item 3 of the Schedule 13D is hereby amended by deleting the final
paragraph thereof in its entirety and inserting in its stead the following:
CTR Family Associates, L.P. acquired the shares of Class B Common initially
held by CTR Family Associates, L.P. as capital contributions from its partners
in connection with its formation and the execution and delivery of the Agreement
of Limited Partnership of CTR Family Associates, L.P. (the "Partnership
Agreement"). CTR Family Associates, L.P. acquired 46,000 additional shares of
Class B Common as additional capital contributions from Clara L.T. Rankin, a
limited partner of CTR Family Associates, L.P., on December 31, 1996 in exchange
for limited partnership interests. Ms. Rankin acquired the 46,000 shares of
Class B Common so contributed to CTR Family Associates, L.P. as follows:
(a) Pursuant to an Exchange Agreement, dated as of November 26, 1996
(the "November 1996 Exchange Agreement," a copy of which is attached hereto
as Exhibit 16), Ms. Rankin exchanged 30,000 shares of Class A Common to
acquire 30,000 shares of Class B Common from a charitable lead trust
created by Frank E. Taplin, Jr., pursuant to a trust agreement dated
December 15, 1976, for the benefit of the grandchildren of Frank E. Taplin,
Jr. (the "Frank E. Taplin, Jr. Charitable Lead Trust"); and
(b) On December 31, 1996, Ms. Rankin acquired an aggregate of 16,000
shares of Class B Common by exchanging 1,600 shares of Class A Common for
1,600 shares of Class B Common with each of 10 trusts, all of which were
created by Ms. Rankin pursuant to a trust agreement dated December 28, 1976
for the benefit of Ms. Rankin's grandchildren (the "Rankin Grandchildren
Trusts").
<PAGE> 14
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 14 of 19 Pages
- -------------------------------- ----------------------------------
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
Item 5 of the Schedule 13D is hereby amended by deleting the first
paragraph under Section (a)-(b) and replacing such first paragraph in its
entirety with the following:
Although each Reporting Person disclaims beneficial ownership of any shares
of Class B Common beneficially owned by each other Reporting Person, pursuant to
the Act and regulations thereunder the Reporting Persons may be deemed as a
group to have acquired beneficial ownership of 1,542,757 shares of the Class B
Common, the aggregate number of shares of Class B Common which are subject to
the terms of the Stockholders' Agreement, representing approximately 91.05% of
the outstanding Class B Common of the Company as of January 3, 1997.
Item 5 of the Schedule 13D is hereby further amended as hereinafter
set forth.
(a) The statements under the heading CLARA L. T. RANKIN are hereby
deleted and replaced in their entirety by the following:
CLARA L. T. RANKIN. Ms. Rankin shares the power to vote and to dispose of
7,000 shares of Class B Common and shares the power to dispose of 472,371 shares
of Class B Common, which together constitute approximately 28.3% of the
outstanding Class B Common.
(b) The statements under the heading ALFRED M. RANKIN, JR. are
hereby deleted and replaced in their entirety by the following:
ALFRED M. RANKIN, JR. Mr. Rankin shares the power to dispose of 472,371
shares of Class B Common, which constitutes approximately 27.9% of the
outstanding Class B Common.
(c) The statements under the heading THOMAS T. RANKIN are hereby
deleted and replaced in their entirety by the following:
THOMAS T. RANKIN. Mr. Rankin has the sole power to vote and to dispose of
71,516 shares of Class B Common, including 3,187 shares of Class B Common held
as custodian for a minor son, and has shared power to dispose of 472,371 shares
of Class B Common, which together constitute approximately 32.1% of the
outstanding Class B Common.
(d) The statements under the heading CLAIBORNE R. RANKIN are hereby
deleted and replaced in their entirety by the following:
CLAIBORNE R. RANKIN. Mr. Rankin has the sole power to vote and to dispose
of 77,318 shares of Class B Common, including 650 shares of Class B Common held
as custodian for a minor daughter, 2,408 shares of Class B Common held as
custodian for a
<PAGE> 15
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 15 of 19 Pages
- -------------------------------- ----------------------------------
daughter and 1,630 shares of Class B Common held as custodian for a minor son,
and has shared power to dispose of 472,371 shares of Class B Common, which
together constitute approximately 32.4% of the outstanding Class B Common.
(e) The statements under the heading ROGER F. RANKIN are hereby
deleted and replaced in their entirety by the following:
ROGER F. RANKIN. Mr. Rankin has the sole power to vote and to dispose of
78,198 shares of Class B Common, and has shared power to dispose of 472,371
shares of Class B Common, which together constitute approximately 32.5% of the
outstanding Class B Common.
(f) The statements under the heading BRUCE T. RANKIN are hereby
deleted and replaced in their entirety by the following:
BRUCE T. RANKIN. Mr. Rankin has shared power to dispose of 472,371 shares
of Class B Common, which constitutes approximately 27.9% of the outstanding
Class B Common.
(g) The statements under the heading VICTOIRE G. RANKIN are hereby
deleted and replaced in their entirety by the following:
VICTOIRE G. RANKIN. Mrs. Rankin has shared power to dispose of 472,371
shares of Class B Common, which constitutes approximately 27.9% of the
outstanding Class B Common.
(h) The statements under the heading MARGARET E. TAPLIN are hereby
deleted and replaced in their entirety by the following:
MARGARET E. TAPLIN. Mrs. Taplin has the sole power to vote and to dispose
of 7,487 shares of Class B Common, which constitutes approximately 0.4% of the
outstanding Class B Common.
(i) The statements under the heading RANKIN MANAGEMENT, INC. are
hereby deleted and replaced in their entirety by the following:
RANKIN MANAGEMENT, INC. Rankin Management, Inc. has the sole power to vote
472,371 shares of Class B Common, and has shared power to dispose of the same
472,371 shares of Class B Common with the partners of CTR Family Associates,
L.P., which constitutes approximately 27.9% of the outstanding Class B Common.
(j) The statements under the heading NATIONAL CITY BANK are hereby
deleted and replaced in their entirety by the following:
NATIONAL CITY BANK. As trustee of an irrevocable trust for the benefit of
Elizabeth E. Brown, National City Bank may be deemed to have shared power to
vote and to
<PAGE> 16
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 16 of 19 Pages
- -------------------------------- ----------------------------------
dispose of 21,000 shares of Class B Common, which constitutes 1.2% of the
outstanding Class B Common. National City Bank disclaims beneficial ownership of
such shares.
(k) The statements in Section (c) of Item 5 of the Schedule 13D are
hereby deleted and replaced in their entirety by the following:
(c) There have been no transactions in Class B Common by any of the
persons named in response to Item 2 hereof in the period between November 25,
1996 and the date of the filing of this Amendment No. 4, other than the
following:
(1) On November 26, 1996, Ms. Rankin acquired 30,000 shares of Class B
Common from the Frank E. Taplin, Jr. Charitable Lead Trust in exchange for
30,000 shares of Class A Common pursuant to the November 1996 Exchange
Agreement, a copy of which is attached hereto as Exhibit 16 and incorporated
herein by reference in its entirety. Ms. Rankin subsequently transferred such
shares of Class B Common to CTR Family Associates, L.P. as additional capital
contributions, as more fully described in Item 3 hereto, which is incorporated
herein by reference.
(2) On December 31, 1996, Ms. Rankin acquired an aggregate of 16,000 shares
of Class B Common by exchanging 1,600 shares of Class A Common for 1,600 shares
of Class B Common with each of the 10 Rankin Grandchildren Trusts. Ms. Rankin
subsequently transferred such shares of Class B Common to CTR Family Associates,
L.P. as additional capital contributions, as more fully described in Item 3
hereto, which is incorporated herein by reference.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
------------------------------------------------------------------------
SECURITIES OF THE ISSUER
------------------------
Item 6 of the Schedule 13D is hereby amended by inserting the
following immediately after the second to last paragraph thereof:
The Frank E. Taplin, Jr. Charitable Lead Trust and Clara L.T. Rankin
entered into the November 1996 Exchange Agreement as of November 26, 1996, under
the terms of which Ms. Rankin exchanged 30,000 shares of Class A Common to
acquire 30,000 shares of Class B Common from the Frank E. Taplin, Jr. Charitable
Lead Trust. A copy of the November 1996 Exchange Agreement is attached hereto as
Exhibit 16 and incorporated herein by reference in its entirety.
Effective as of December 30, 1996, the partners of CTR Family Associates,
L.P. amended the Partnership Agreement to reflect that Clara L.T. Rankin had
subscribed for additional partnership interests, that Ms. Rankin had transferred
some partnership interests as gifts to existing limited partners and to permit
the managing partner to amend, without the consent of other partners, Schedules
A and B to the Partnership Agreement as may be necessary to reflect transfers of
partnership interests and the addition of new partners. A copy of the First
Amendment to the Partnership Agreement is attached hereto as Exhibit 17 and
incorporated herein by reference in its entirety.
<PAGE> 17
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 17 of 19 Pages
- -------------------------------- ----------------------------------
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
Item 7 of the Schedule 13D is hereby amended as follows:
(Exhibit 15) Agreement pursuant to Rule 13d-1(f)(1)(iii), at page 19 of
the manually signed and sequentially paginated copy of this
Statement.
(Exhibit 16) Exchange Agreement, dated as of November 26, 1996
(Exhibit 17) First Amendment to Limited Partnership Agreement of CTR
Family Associates, L.P., dated as of December 30, 1996
[REMAINDER OF PAGE IS LEFT INTENTIONALLY BLANK.
SIGNATURES BEGIN ON NEXT PAGE.]
<PAGE> 18
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 18 of 19 Pages
- -------------------------------- ----------------------------------
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.
Dated: January 10, 1997
/s/ Alfred M. Rankin, Jr.
------------------------------------
Name: Alfred M. Rankin, Jr.
/s/ Alfred M. Rankin, Jr.
------------------------------------
Name: Alfred M. Rankin, Jr.
Attorney-in-Fact for Clara T. Rankin*
Attorney-in-Fact for Victoire G. Rankin*
Attorney-in-Fact for Helen R. Butler*
Attorney-in-Fact for Clara T. Rankin*
Attorney-in-Fact for Thomas T. Rankin*
Attorney-in-Fact for Matthew M. Rankin*
Attorney-in-Fact for Claiborne R. Rankin*
Attorney-in-Fact for Chloe O. Rankin*
Attorney-in-Fact for Roger F. Rankin*
Attorney-in-Fact for Bruce T. Rankin*
Attorney-in-Fact for Frank E. Taplin, Jr.*
Attorney-in-Fact for Margaret E. Taplin*
Attorney-in-Fact for Martha S. Kelly*
Attorney-in-Fact for Susan S. Panella*
Attorney-in-Fact for Jennifer T. Jerome*
Attorney-in-Fact for Caroline T. Ruschell*
Attorney-in-Fact for David F. Taplin*
Attorney-in-Fact for Thomas E. Taplin*
Attorney-in-Fact for Beatrice B. Taplin*
Attorney-in-Fact for Thomas E. Taplin, Jr.*
Attorney-in-Fact for Theodore D. Taplin*
Attorney-in-Fact for Britton T. Taplin*
Attorney-in-Fact for Frank E. Taplin*
Attorney-in-Fact for National City Bank, as trustee*
Attorney-in-Fact for CTR Family Associates, L.P.*
Attorney-in-Fact for Rankin Management, Inc.*
- ------------------
* The powers of attorney authorizing the above-named individual to act on
behalf of each of the foregoing Reporting Persons are included in
Exhibit 2 at pages 26 through 106 and pages 113 through 121 of such
Exhibit, in Exhibit 13 at pages 6 through 8 of such Exhibit and in
Exhibit 14 at pages 6 through 8 of such Exhibit.
<PAGE> 1
AMENDED AND RESTATED
SCHEDULE 13D
- -------------------------------- ----------------------------------
CUSIP No. 629579 20 02 13D Page 19 of 19 Pages
- -------------------------------- ----------------------------------
EXHIBIT 15
----------
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of 1934, the
undersigned agree that the statement to which this Exhibit is attached is filed
on behalf of each of the undersigned.
Dated: January 10, 1997
/s/ Alfred M. Rankin, Jr.
------------------------------------
Name: Alfred M. Rankin, Jr.
/s/ Alfred M. Rankin, Jr.
------------------------------------
Name: Alfred M. Rankin, Jr.
Attorney-in-Fact for Clara T. Rankin*
Attorney-in-Fact for Victoire G. Rankin*
Attorney-in-Fact for Helen R. Butler*
Attorney-in-Fact for Clara T. Rankin*
Attorney-in-Fact for Thomas T. Rankin*
Attorney-in-Fact for Matthew M. Rankin*
Attorney-in-Fact for Claiborne R. Rankin*
Attorney-in-Fact for Chloe O. Rankin*
Attorney-in-Fact for Roger F. Rankin*
Attorney-in-Fact for Bruce T. Rankin*
Attorney-in-Fact for Frank E. Taplin, Jr.*
Attorney-in-Fact for Margaret E. Taplin*
Attorney-in-Fact for Martha S. Kelly*
Attorney-in-Fact for Susan S. Panella*
Attorney-in-Fact for Jennifer T. Jerome*
Attorney-in-Fact for Caroline T. Ruschell*
Attorney-in-Fact for David F. Taplin*
Attorney-in-Fact for Thomas E. Taplin*
Attorney-in-Fact for Beatrice B. Taplin*
Attorney-in-Fact for Thomas E. Taplin, Jr.*
Attorney-in-Fact for Theodore D. Taplin*
Attorney-in-Fact for Britton T. Taplin*
Attorney-in-Fact for Frank E. Taplin*
Attorney-in-Fact for National City Bank, as trustee*
Attorney-in-Fact for CTR Family Associates, L.P.*
Attorney-in-Fact for Rankin Management, Inc.*
- ------------------
* The powers of attorney authorizing the above-named individual to act on
behalf of each of the foregoing Reporting Persons are included in
Exhibit 2 at pages 26 through 106 and pages 113 through 121 of such
Exhibit, in Exhibit 13 at pages 6 through 8 of such Exhibit and in
Exhibit 14 at pages 6 through 8 of such Exhibit.
<PAGE> 1
Exhibit 16
EXCHANGE AGREEMENT
THIS EXCHANGE AGREEMENT ("Agreement"), dated as of November 26, 1996,
by and between National City Bank as Trustee for the Trust created under the
Agreement dated December 15, 1976 for the benefit of the grandchildren of Frank
E. Taplin (the "Taplin Trust"), and National City Bank, Trustee under the
Agreement, dated July 12, 1967, as supplemented, amended and restated, with
Clara T. Rankin, creating a trust for the benefit of such individual (the
"Rankin Trust").
W I T N E S S E T H:
WHEREAS, the Taplin Trust is the beneficial owner of 30,000 shares (the
"Class B Shares") of Class B Common Stock, par value $1.00 per share ("Class B
Common"), of NACCO Industries, Inc., a Delaware corporation ("NACCO"); and
WHEREAS, the Rankin Trust is the beneficial owner of 30,000 shares (the
"Class A Shares") of Class A Common Stock, par value $1.00 per share, of NACCO;
and
WHEREAS, the Class B Shares are subject to restrictions on transfer
pursuant to NACCO's Certificate of Incorporation and that certain Stockholders'
Agreement ("Stockholders' Agreement"), dated as of March 15, 1990, between
NACCO, Key Bank as depository ("Depository") and certain holders of Class B
Common; and
WHEREAS, the Taplin Trust wishes to exchange the Class B Shares for the
Class A Shares owned by the Rankin Trust; and
WHEREAS, the Rankin Trust wishes to exchange the Class A Shares for the
Class B Shares owned by the Taplin Trust;
NOW, THEREFORE, in consideration of the mutual promises hereinafter set
forth and other good and valuable consideration had and received, the parties
hereto, upon the terms set forth herein, hereby agree as follows:
1. EXCHANGE. Upon the terms set forth herein, the Taplin Trust
hereby conveys the Class B Shares to the Rankin Trust, and the Rankin
Trust hereby conveys the Class A Shares to the Taplin Trust, in each
case, free of any adverse claim, other than the restrictions on
transfer on the Class B Shares referenced in Section 3. The Taplin
Trust hereby delivers to the Rankin Trust certificates representing the
Class B Shares which are duly endorsed, or accompanied by stock powers
duly endorsed, by the Taplin Trust for transfer, or other evidence of
transfer, together with such documentation as the Rankin Trust or the
Depository may require to confirm that the transfer is permitted by
Section 2.1 of the Stockholders' Agreement. The Rankin Trust hereby
delivers to the Taplin Trust certificates representing the Class A
Shares which are duly endorsed, or accompanied by stock powers duly
endorsed, by the Rankin Trust for transfer, or other evidence of
transfer, together with such documentation as the Taplin Trust may
require.
2. CONSIDERATION. The value of the Class A Shares shall be
deemed to be equal to the value of the Class B Shares. Accordingly, the
exchange of the Class A Shares for the Class B Shares, together with
the representations of the parties hereunder, shall constitute full and
adequate consideration for the transactions contemplated hereby.
<PAGE> 2
3. REPRESENTATIONS BY THE TAPLIN TRUST. The Taplin Trust
represents to the Rankin Trust that (a) the Taplin Trust has good,
valid and marketable title to the Class B Shares, free and clear of all
adverse claims, except for the restrictions on transfer set forth in
NACCO's Certificate of Incorporation and in the Stockholders'
Agreement, and (b) the Taplin Trust has full power and authority to
executed and deliver this Agreement and to consummate the transactions
contemplated hereby. The foregoing representations shall survive
indefinitely. The Taplin Trust hereby indemnifies and agrees to hold
the Rankin Trust harmless from and against any and all liabilities
resulting from or arising out of any breach of the foregoing
representations.
4. REPRESENTATIONS BY THE RANKIN TRUST. The Rankin Trust
represents to the Taplin Trust that (a) the Rankin Trust has good,
valid and marketable title to the Class A Shares, free and clear of all
adverse claims, and (b) the Rankin Trust has full power and authority
to executed and deliver this Agreement and to consummate the
transactions contemplated hereby. The foregoing representations shall
survive indefinitely. The Rankin Trust hereby indemnifies and agrees to
hold the Taplin Trust harmless from and against any and all liabilities
resulting from or arising out of any breach of the foregoing
representations.
IN WITNESS WHEREOF, the Taplin Trust and the Rankin Trust have duly
executed this Agreement as of the date first above written.
"The Taplin Trust"
NATIONAL CITY BANK, TRUSTEE FOR THE
TRUST CREATED UNDER THE AGREEMENT
DATED DECEMBER 15, 1976 FOR THE BENEFIT OF
THE GRANDCHILDREN OF FRANK E. TAPLIN
By: /s/ Leigh H. Carter
---------------------------------
Leigh H. Carter
Vice President Trust Administration
"The Rankin Trust"
NATIONAL CITY BANK, TRUSTEE UNDER THE
AGREEMENT, DATED JULY 12, 1967, AS
SUPPLEMENTED, AMENDED AND RESTATED
WITH CLARA T. RANKIN, CREATING A TRUST
FOR THE BENEFIT OF SUCH INDIVIDUAL
By: /s/ Leigh H. Carter
---------------------------------
Leigh H. Carter
Vice President Trust Administration
<PAGE> 1
Exhibit 17
FIRST AMENDMENT TO
LIMITED PARTNERSHIP AGREEMENT
THIS FIRST AMENDMENT TO THE LIMITED PARTNERSHIP AGREEMENT (this
"Amendment") is made as of the 30th day of December, 1996, by and among RANKIN
MANAGEMENT, INC., a Georgia corporation, as General Partner, and the Persons set
forth on SCHEDULE A to the Limited Partnership Agreement of CTR Family
Associates, L.P. dated as of November 14, 1996 (the "Partnership Agreement").
Recitals
--------
A. The Partners desire to amend Schedule A to the Partnership Agreement to
reflect that Clara L. T. Rankin ("Mrs. Rankin") has subscribed for
additional Interests, paying for such additional Interests with 46,000
shares of NACCO Class B Common Stock received by Mrs. Rankin in exchanges
for NACCO Class A Common Stock completed after the formation of the
Partnership but contemplated prior to such formation. These transactions
complete Mrs. Rankin's original plan to contribute all of her holdings of
NACCO Class B Common Stock to the Partnership for common management
purposes.
B. The Partners desire to further amend Schedule A to the Partnership
Agreement to reflect that Mrs. Rankin has transferred some Interests as
gifts to existing Limited Partners.
C. The Partners desire to amend the Partnership Agreement to permit the
Managing Partner, acting without further consent of the Partners, to amend
Schedule A and Schedule B to the Partnership Agreement as may be necessary
to reflect transfers of Interests and the addition of new Partners.
Agreement
---------
NOW THEREFORE, the parties hereto agree as follows:
1. Capitalized terms not otherwise defined herein shall have the meaning set
forth in the Partnership Agreement.
2. Schedule A to the Partnership Agreement be and hereby is replaced in its
entirety with the attached Schedule A.
3. Section 11.7 of the Partnership Agreement is amended by inserting at the
end thereof the following sentence:
Notwithstanding the immediately preceding sentence, the
Managing Partner may, without the consent of any other party,
amend Schedule A and Schedule B as necessary to reflect the
addition of any new Partners,
<PAGE> 2
any additional capital contributions by existing Partners, or
any gifts or other transfers of Interests permitted under the
terms of this Agreement.
4. This Amendment shall be governed by and construed in accordance with the
laws of the State of Georgia.
5. This Amendment may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one
and the same instrument.
IN WITNESS WHEREOF, the Partners have hereunto set their hands and seals as
of the day and year first above written.
GENERAL PARTNER:
RANKIN MANAGEMENT, INC.
By: /s/ Alfred M. Rankin, Jr.
-----------------------------------
President
Attest: /s/ Roger F. Rankin
-------------------------------
Secretary
(Corporate Seal)
NATIONAL CITY BANK, as Trustee under
the Agreement dated September 11, 1973,
as supplemented, amended and restated,
with Roger F. Rankin, creating a trust
for the benefit of such individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy A. Thauvette
-------------------------
Witness /s/ Nancy B. Sternad Address: 1900 East Ninth Street
------------------------- Cleveland, OH 44114
2
<PAGE> 3
NATIONAL CITY BANK, as Trustee under
the Agreement dated December 29, 1967,
as supplemented, amended and restated,
with Thomas T. Rankin, creating a trust
for the benefit of such individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad
-------------------------
Witness /s/ Nancy A. Thauvette and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad
-------------------------
THOMAS T. RANKIN, as Trustee
under the Agreement dated
December 29, 1967, as
supplemented, amended and
restated, with Thomas T.
Rankin, creating a trust for
the benefit of such individual
Witness /s/ Thomas T. Rankin
------------------------- ----------------------------------
Witness Address: 1900 East Ninth St.
------------------------- Cleveland, OH 44114
3
<PAGE> 4
NATIONAL CITY BANK, as Trustee
under the Agreement dated July 12,
1967, as supplemented, amended and
restated, with Clara T. Rankin,
creating a trust for the benefit of
such individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad
-------------------------
Witness /s/ Nancy A. Thauvette and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad
-------------------------
ALFRED M. RANKIN, JR., as Trustee
under the Agreement dated
July 12, 1967, as
supplemented, amended and
restated, with Clara T.
Rankin, creating a trust for
the benefit of such individual
Witness /s/ Suzanne S. Taylor /s/ Alfred M. Rankin, Jr.
---------------------------- -----------------------------------
Witness /s/ Charles A. Bittenbender Address: 1900 East Ninth St.
---------------------------- Cleveland, OH 44114
4
<PAGE> 5
NATIONAL CITY BANK, as Trustee under
the Agreement dated July 1, 1969, as
supplemented, amended and restated,
with Victoire G. Rankin creating a
trust for the benefit of such
individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy A. Thauvette
-------------------------
Witness /s/ Nancy B. Sternad
------------------------- Address: 1900 East Ninth St.
Cleveland, OH 44114
NATIONAL CITY BANK, as Trustee under
the Agreement dated August 30, 1967,
as supplemented, amended and
restated, with Alfred M. Rankin, Jr.
creating a trust for the benefit of
such individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy A. Thauvette
-------------------------
Witness /s/ Nancy B. Sternad
------------------------- Address: 1900 East Ninth St.
Cleveland, OH 44114
5
<PAGE> 6
NATIONAL CITY BANK, as Trustee
under the Agreement dated June
22, 1971, as supplemented,
amended and restated, with
Claiborne R. Rankin, creating a
trust for the benefit of such
individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy A. Thauvette
-------------------------
Witness /s/ Nancy B. Sternad
------------------------- Address: 1900 East Ninth St.
Cleveland, OH 44114
NATIONAL CITY BANK, as Trustee
under the Agreement dated August
12, 1974, as supplemented,
amended and restated, with Bruce
T. Rankin creating a trust for
the benefit of such individual
Witness /s/ Nancy A. Thauvette By: /s/ Leigh H. Carter, V.P.
------------------------- ----------------------------
Witness /s/ Nancy B. Sternad and /s/ Eve A. Weishar, A.V.P.
------------------------- ----------------------------
Witness /s/ Nancy A. Thauvette
-------------------------
Witness /s/ Nancy B. Sternad
------------------------- Address: 1900 East Ninth St.
Cleveland, OH 44114
6
<PAGE> 7
(AS AMENDED 12/31/96)
SCHEDULE A
PARTNERS / CAPITAL CONTRIBUTIONS
<TABLE>
<CAPTION>
=================================================================================================================================
NAME PROPERTY CONTRIBUTED INTEREST
---- -------------------- --------
=================================================================================================================================
GENERAL PARTNER(S)
=================================================================================================================================
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Rankin Management, Inc.
- ---------------------------------------------------------------------------------------------------------------------------------
(a) Rankin Management Lot 1 2000 0.4234%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) Rankin Management Lot 2 2000 0.4234%
- ---------------------------------------------------------------------------------------------------------------------------------
(c) Rankin Management Lot 3 2000 0.4234%
- ---------------------------------------------------------------------------------------------------------------------------------
(d) Rankin Management Lot 4 2000 0.4234%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Ranking Management, Inc.: 8,000 Shares 1.6936%
<CAPTION>
=================================================================================================================================
LIMITED PARTNERS
=================================================================================================================================
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Clara L.T. Rankin
- ---------------------------------------------------------------------------------------------------------------------------------
(a) C.L.T. Rankin Lot 1 135,247 28.6315%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) C.L.T. Rankin Lot 2 30,000 6.3509%
- ---------------------------------------------------------------------------------------------------------------------------------
(c) C.L.T. Rankin Lot 3 16,000 3.3872%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Clara L.T. Rankin 181,247 Shares 38.3696%
- ---------------------------------------------------------------------------------------------------------------------------------
Alfred M. Rankin, Jr.
- ---------------------------------------------------------------------------------------------------------------------------------
(a) A.M. Rankin Lot 1 800 .1694%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) A.M. Rankin Lot 2 17,570 3.7195%
- ---------------------------------------------------------------------------------------------------------------------------------
(c) A.M. Rankin Lot 3 59,428 12.5808%
- ---------------------------------------------------------------------------------------------------------------------------------
(d) A.M. Rankin Lot 4 25,000 5.2925%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Alfred M. Rankin Jr.: 102,798 Shares 21.7621%
</TABLE>
Page 1 of 2
<PAGE> 8
SCHEDULE A (CONTINUED)
<TABLE>
<CAPTION>
=================================================================================================================================
NAME PROPERTY CONTRIBUTED INTEREST
---- -------------------- --------
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Bruce T. Rankin
- ---------------------------------------------------------------------------------------------------------------------------------
(a) B.T. Rankin Lot 1 800 0.1694%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) B.T. Rankin Lot 2 14,400 3.0485%
- ---------------------------------------------------------------------------------------------------------------------------------
(c) B.T. Rankin Lot 3 72,998 15.4535%
- ---------------------------------------------------------------------------------------------------------------------------------
(d) B.T. Rankin Lot 4 25,000 5.2925%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Bruce T. Rankin: 113,198 Shares 23.9638%
- ---------------------------------------------------------------------------------------------------------------------------------
Claiborne R. Rankin
- ---------------------------------------------------------------------------------------------------------------------------------
(a) CR Rankin Lot 1 8,000 1.6936%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) CR Rankin Lot 2 15,000 3.1755%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Claiborne R. Rankin: 23,000 Shares 4.8691%
- ---------------------------------------------------------------------------------------------------------------------------------
Roger F. Rankin
- ---------------------------------------------------------------------------------------------------------------------------------
(a) RF Rankin Lot 1 8,000 1.6936%
- ---------------------------------------------------------------------------------------------------------------------------------
(b) RF Rankin Lot 2 25,000 5.2925%
- ---------------------------------------------------------------------------------------------------------------------------------
Total for Roger F. Rankin: 33,000 Shares 6.9860%
- ---------------------------------------------------------------------------------------------------------------------------------
Thomas T. Rankin 8,000 Shares 1.6936%
- ---------------------------------------------------------------------------------------------------------------------------------
Victoire G. Rankin 3,128 Shares 0.6622%
- ---------------------------------------------------------------------------------------------------------------------------------
TOTALS 472,371 Shares 100%
=================================================================================================================================
</TABLE>
Page 2 of 2
