NACCO INDUSTRIES INC
SC 13D/A, 1999-01-11
INDUSTRIAL TRUCKS, TRACTORS, TRAILORS & STACKERS
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13D/A
                                 (Rule 13d-101)

           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
           13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934*
                                (AMENDMENT NO. 3)

                             NACCO INDUSTRIES, INC.
- --------------------------------------------------------------------------------
                                (NAME OF ISSUER)

                              CLASS A COMMON STOCK
- --------------------------------------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)

                                   629579 10 3
             -------------------------------------------------------
                                 (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, 1998
             -------------------------------------------------------

             (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 SCHEDULE 13D, AND IS
FILING THIS SCHEDULE BECAUSE OF RULE 13D-1 (B)(3) OR (4), CHECK THE FOLLOWING
BOX [ ].



- --------------
         * 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 ("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




<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   2   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     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

                   Delaware
- -------------------------------------------------------------------------------------------------
                                   7    SOLE VOTING POWER

                                            738,295
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                 -0-
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                           -0-
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                           738,295
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                   738,295
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     11.4 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     CO
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>   3

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   3   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     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

                                             153,243
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  880,991
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            153,243
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                            880,991
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    1,034,234
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     15.9 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!






<PAGE>   4

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   4   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     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

                                            87,871
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  761,743
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            87,871
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          761,743
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    849,614
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     13.1 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!





<PAGE>   5

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   5   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     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

                                             90,721
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  754,391
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            90,721
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                            754,391
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    845,112
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     13.1 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!





<PAGE>   6

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   6   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                 <C>



     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

                                            115,937
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  743,738
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            115,937
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                            743,738
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    859,675
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     13.3 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>   7

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   7   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Matthew M. 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           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                   10,574
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                             -0-
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                           748,869
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     748,869
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     11.6 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!




<PAGE>   8

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   8   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   James 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

                                            9,474
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                   -0-
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                             9,474
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                           738,295
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     747,769
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                     11.6 %
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!





<PAGE>   9

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   9   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                 <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Alison A. 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

                                            2,400
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                 118,980
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            2,400
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          857,275
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     859,675
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                      13.3%
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!





<PAGE>   10

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   10   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   John C. Butler, 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

                                            3,032
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  24,966
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            3,032
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          763,261
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     766,293
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                      11.9%
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!





<PAGE>   11

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   11   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     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

                                            17,156
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                 278,783
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                           17,156
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          1,017,078
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    1,034,234
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                      15.9%
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!




<PAGE>   12

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   12   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                    Corbin 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

                                             3,400
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  107,919
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            3,400
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          846,214
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     849,614
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                      13.1%
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>   13

<TABLE>
<CAPTION>
- -----------------------------------                      ----------------------------------------
CUSIP No.  629579 10 3                     13D                          Page   13   of  19   Pages
- -------------------------------------------------------------------------------------------------
<S>                                                                                <C>



     1      NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Chloe O. 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

                                           8,380
                                   --------------------------------------------------------------
               NUMBER OF           8    SHARED VOTING POWER
                 SHARES
              BENEFICIALLY                  98,437
                OWNED BY           --------------------------------------------------------------
             EACH REPORTING        9    SOLE DISPOSITIVE POWER
              PERSON WITH
                                            8,380
                                   --------------------------------------------------------------
                                   10   SHARED DISPOSITIVE POWER

                                          836,732
- -------------------------------------------------------------------------------------------------
    11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    845,112
- -------------------------------------------------------------------------------------------------
    12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES*
                                 [ ]


- -------------------------------------------------------------------------------------------------
    13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

                      13.1%
- -------------------------------------------------------------------------------------------------
    14      TYPE OF REPORTING PERSON*

                     IN
- -------------------------------------------------------------------------------------------------
</TABLE>

                      *SEE INSTRUCTION BEFORE FILLING OUT!




<PAGE>   14


                                  SCHEDULE 13D

- ----------------------------                        ----------------------------
CUSIP NO. 629579 10 3                                        Page 14 of 19 Pages
- ----------------------------                        ----------------------------

         This Amendment No. 3 to Schedule 13D (this "Amendment") is hereby filed
to update and supplement certain information with respect to beneficial
ownership of shares of Class A Common Stock (the "Class A Common") of NACCO
Industries, Inc. (the "Company") that appeared in the Schedule 13D filed by the
Reporting Persons on February 18, 1998 (the "Initial filing"), as amended on
March 30, 1998 (the "Amendment No. 1"), as amended on April 9, 1998 (the
"Amendment No. 2") (collectively, the "Filings"). This Amendment reflects
certain gifts of Partnership Interests in Rankin Associates II, L.P. (the
"Partnership") made by Mrs. Clara L.T. Rankin (one of the Reporting Persons
under the Initial Filing) effective December 31, 1998 to certain of Mrs.
Rankin's descendants and spouses thereof, either in their individual capacities
or in their capacities as trustees for trusts created for the benefit of certain
of Mrs. Rankin's descendants and spouses thereof ("Donees"). Certain of the
Donees are Reporting Persons under the Filings. This Amendment is filed in order
to provide information with respect to Donees who are not Reporting Persons
under the Filings ("New Reporting Persons"), to disclose each New Reporting
Person's beneficial ownership of all 738,295 shares of Class A Common held by
the Partnership, as well as other shares of Class A Common beneficially owned by
such persons and to update certain information regarding the beneficial
ownership of Class A Common held by Reporting Persons other than the New
Reporting Persons. Effective as of December 31, 1998, the New Reporting Persons
have become Partners under the Partnership Agreement and, as of December 31,
1998, all references to Reporting Persons, Reporting Individuals and Partners in
the Filings and this Amendment shall include the New Reporting Persons. This
Amendment discloses only changes in information from the Filings. Capitalized
terms used herein but not defined herein shall have the meanings assigned to
such terms in the Initial Filing.

ITEM 2. IDENTITY AND BACKGROUND
        -----------------------

         (a)-(c) The fifth paragraph of Item 2 is hereby deleted and replaced in
its entirety as follows:

                 Effective as of December 30, 1998, Rankin Management, Inc., a
Georgia corporation, was reincorporated by means of merger into Rankin
Management, Inc., a Delaware corporation ("RMI"), with RMI as the surviving
entity solely for the purpose of changing the domicile of this entity to
Delaware. The principal business of RMI is to act as a general and managing
partner of the Partnership and of Rankin Associates I, L.P., a Delaware limited
partnership, (formerly CTR Family Associates, L.P., a Georgia limited
partnership). The address of RMI's 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.

                 Following the entry for Alison A. Rankin in the Amendment No.
2, insert the following information with respect to the New Reporting Persons:

                 VICTOIRE G. RANKIN. Mrs. Rankin's business address is 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. She is not employed.

                 CORBIN RANKIN. Mrs. Rankin's business address is 2100 West
Laburnam Avenue, Interstate Center, Suite 102, Richmond, Virginia 23227. She is
not employed.

                 CHLOE O. RANKIN. Mrs. Rankin's business address is 5875
Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. She is not employed.



<PAGE>   15


                                  SCHEDULE 13D

- ----------------------------                       -----------------------------
CUSIP NO. 629579 10 3                                        Page 15 of 19 Pages
- ----------------------------                       -----------------------------

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
        ------------------------------------

         (a)-(b) The sixth paragraph under the heading "Item 5. Interest in
Securities of the Issuer" in the Initial Filing reporting the beneficial
ownership of Class A Common by Alfred M. Rankin, Jr. is hereby deleted and
replaced in its entirety as follows:

                 ALFRED M. RANKIN, JR. Mr. Rankin (a) shares with National City
Bank a national banking association ("NCB"), the power to vote and dispose of
2,000 shares of Class A Common pursuant to the Agreement with Clara L.T. Rankin
dated September 22, 1988, creating a charitable trust for 20 years and then for
the benefit of her grandchildren; (b) shares with NCB the power to vote and
dispose of 48,000 shares of Class A Common pursuant to the Agreement with Clara
L.T. Rankin dated July 12, 1967, creating a trust for the benefit of her
grandchildren; (c) shares with NCB the power to vote and dispose of 25,608
shares of Class A Common held by the AM Rankin, Sr. Trust A for the benefit of
grandchildren; (d) shares with Helen Rankin Butler the power to vote and dispose
of 24,966 shares of Class A Common held in trust for the benefit of Helen Rankin
Butler; (e) shares with Clara T. Rankin the power to vote and dispose of 24,966
shares of Class A Common held in trust for the benefit of Clara T. Rankin; (f)
shares the power to dispose of 738,295 shares of Class A Common with RMI and the
other Reporting Individuals; (g) has the sole power to vote and dispose of
124,643 shares of Class A Common under the Agreement dated August 30, 1967,
creating a trust for the benefit of Mr. Rankin; (h) has the sole power to vote
and dispose of the 25,000 shares of Class A Common issuable upon the exercise of
options exercisable within 60 days of the date hereof; (i) has the sole power to
vote and dispose of an additional 3,600 shares of Class A Common; and (j) is
deemed to share with his spouse the power to vote and dispose of 17,156 shares
of Class A Common owned by his spouse (Victoire G. Rankin) because she resides
with him. Collectively, the 1,034,234 shares of Class A Common beneficially
owned by Mr. Rankin constitute approximately 15.9% of the Class A Common
outstanding as of October 31, 1998. The business address of Clara T. Rankin is
5875 Landerbrook Drive, Mayfield Heights, Ohio 44124-4017. Clara T. Rankin is
not employed. The business address of Helen Rankin Butler is Camp Aloha Hive, RR
#1, Box 289, Fairlee, VT 05045. Mrs. Butler is employed as the Director of Camp
Aloha Hive. To the knowledge of the Reporting Persons, during the last five
years, Clara T. Rankin and Helen Rankin Butler (individually or collectively)
has not been convicted in any 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 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.

                 In addition, the seventh paragraph under the heading "Item 5.
Interest in Securities of the Issuer" in the Initial Filing reporting the
beneficial ownership of Class A Common by Thomas T. Rankin is hereby deleted and
replaced in its entirety as follows:

                 THOMAS T. RANKIN. Mr. Rankin (a) has sole power to vote and to
dispose of 84,971 shares of Class A Common under the Agreement, dated December
29, 1967, creating a revocable trust for the benefit of Mr. Rankin; (b) has sole
power to vote and dispose of 2,900 shares of Class A Common held by Mr. Rankin
as custodian for his minor son; (c) shares as Co-Trustee with his majority age
son (Matthew M. Rankin) of a trust for the benefit of such son the power to vote
and to dispose of 10,574 shares of Class A Common; (d) is deemed to share the
power to vote and to dispose of 9,474 shares of Class A Common held by another
son (James T. Rankin), who resides with Mr. Rankin; (e) is deemed to share with
his spouse the power to vote and to dispose of 2,900 shares of Class A Common
Stock owned by his spouse (Corbin Rankin) and 500 shares of Class A Common held
by his spouse as custodian for their minor son because she resides with him; and
(f) shares with RMI and the other Reporting Individuals the power to dispose of
738,295 shares of Class A Common. Collectively, the 849,614


<PAGE>   16


                                  SCHEDULE 13D

- ----------------------------                        ----------------------------
CUSIP NO. 629579 10 3                                        Page 16 of 19 Pages
- ----------------------------                        ----------------------------

shares of Class A Common beneficially owned by Mr. Rankin constitute
approximately 13.1% of the Class A Common outstanding as of October 31, 1998.

                 In addition, the eighth paragraph under the heading "Item 5.
Interest in Securities of the Issuer" in the Initial Filing reporting the
beneficial ownership of Class A Common by Claiborne R. Rankin is hereby deleted
and replaced in its entirety as follows:

                 CLAIBORNE R. RANKIN. Mr. Rankin (a) has sole power to vote and
to dispose of 80,361 shares of Class A Common under the Agreement, dated June
22, 1971, creating a revocable trust for the benefit of Mr. Rankin; (b) has sole
power to vote and dispose of 6,160 shares of Class A Common held by Mr. Rankin
as custodian for his minor son; (c) has sole power to vote and dispose of 4,200
shares of Class A Common held by Mr. Rankin as custodian for his minor daughter;
(d) is deemed to share the power to vote and to dispose of 7,716 shares of Class
A Common held in a trust for the benefit of a daughter, who resides with Mr.
Rankin; (e) is deemed to share with his spouse the power to vote and dispose of
8,380 shares of Class A Common Stock owned by his spouse (Chloe O. Rankin)
because she resides with him; and (f) shares with RMI and the other Reporting
Individuals the power to dispose of 738,295 shares of Class A Common.
Collectively, the 845,112 shares of Class A Common beneficially owned by Mr.
Rankin constitute approximately 13.1% of the Class A Common outstanding as of
October 31, 1998.

                 The ninth paragraph under the heading "Item 5. Interest in
Securities of the Issuer" in the Initial Filing reporting the beneficial
ownership of Class A Common by Roger F. Rankin is hereby deleted and replaced in
its entirety as follows:

                 ROGER F. RANKIN. Mr. Rankin (a) has sole power to vote and to
dispose of 115,937 shares of Class A Common under the Agreement, dated September
11, 1973, creating a revocable trust for the benefit of Mr. Rankin; (b) is
deemed to share the power to vote and to dispose of 2,465 shares of Class A
Common held by a daughter, and 578 shares of Class A Common held by another
daughter, both of whom reside with Mr. Rankin; (c) is deemed to share with his
spouse the power to vote and dispose of 2,400 shares of Class A Common Stock
owned by his spouse (Alison A. Rankin) because she resides with him; and (d)
shares with RMI and the other Reporting Individuals the power to dispose of
738,295 shares of Class A Common. Collectively, the 859,675 shares of Class A
Common beneficially owned by Mr. Rankin constitute approximately 13.3% of the
Class A Common outstanding as of October 31, 1998.

                 The eleventh paragraph under the heading "Item 5. Interest in
Securities of the Issuer" which appears in the Amendment No. 2 reporting the
beneficial ownership of Class A Common by John C. Butler, Jr. is hereby deleted
and replaced in its entirety as follows:

                 JOHN C. BUTLER, JR. Mr. Butler (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common; (b) has sole power to vote and dispose of 2,877 shares of Class A Common
held by Mr. Butler, and 155 shares of Class A Common held by Mr. Butler as
custodian for his minor daughter; and (c) is deemed to share with his spouse the
power to vote and dispose of 24,966 shares of Class A Common beneficially owned
by his spouse because she resides with him. Collectively, the 766,293 shares of
Class A Common beneficially owned by Mr. Butler constitute approximately 11.9%
of the Class A Common outstanding as of October 31, 1998.

                 The twelfth paragraph under the heading "Item 5. Interest in
Securities of the Issuer" which appears in the Amendment No. 2 reporting the
beneficial ownership of Class A Common by Matthew M. Rankin is hereby deleted
and replaced in its entirety as follows:



<PAGE>   17


                                  SCHEDULE 13D

- ----------------------------                       -----------------------------
CUSIP NO. 629579 10 3                                        Page 17 of 19 Pages
- ----------------------------                       -----------------------------

                 MATTHEW M. RANKIN. Mr. Rankin (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common; and (b) shares as Co-Trustee with his father (Thomas T. Rankin) of a
trust for his benefit the power to vote and dispose of 10,574 shares of Class A
Common. Collectively, the 748,869 of Class A Common beneficially owned by Mr.
Rankin constitute approximately 11.6% of the Class A Common outstanding as of
October 31, 1998.

                 The thirteenth paragraph under the heading "Item 5. Interest in
Securities of the Issuer" which appears in the Amendment No. 2 reporting the
beneficial ownership of Class A Common by James T. Rankin is hereby deleted and
replaced in its entirety as follows:

                 JAMES T. RANKIN. Mr. Rankin (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common; and (b) has sole power to vote and dispose of 9,474 shares of Class A
Common. Collectively, the 747,769 shares of Class A Common beneficially owned by
Mr. Rankin constitute approximately 11.6% of the Class A Common outstanding as
of October 31, 1998.

                 The fourteenth paragraph under the heading "Item 5. Interest in
Securities of the Issuer" which appears in the Amendment No. 2 reporting the
beneficial ownership of Class A Common by Alison A. Rankin is hereby deleted and
replaced in its entirety as follows:

                 ALISON A. RANKIN. Mrs. Rankin (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common; (b) has sole power to vote and dispose of 2,400 shares of Class A
Common; (c) is deemed to share with her spouse (Roger F. Rankin) the power to
vote and dispose of 115,937 shares of Class A Common owned by a revocable trust
for the benefit of her spouse because she resides with him; and (d) is deemed to
share the power to vote and to dispose of 2,465 shares of Class A Common held by
a daughter and 578 shares of Class A Common held by another daughter, both of
whom reside with Mrs. Rankin. Collectively, the 859,675 shares of Class A Common
beneficially owned by Mrs. Rankin constitute approximately 13.3% of the Class A
Common outstanding as of October 31, 1998.

                 Following the entry for Alison A. Rankin which appears in the
Amendment No. 2, insert the following information with respect to the New
Reporting Persons:

                 VICTOIRE G. RANKIN. Mrs. Rankin (a) by virtue of the
Partnership Interests received as a gift from Clara L.T. Rankin, shares with RMI
and the other Reporting Individuals the power to dispose of 738,295 shares of
Class A Common, (b) has the sole power to vote and dispose of 17,156 shares of
Class A Common, (c) is deemed to share the power to vote and dispose of 2,000
shares of Class A Common owned by a charitable trust for 20 years and then for
the benefit of the grandchildren of Clara L.T. Rankin because her spouse (Alfred
M. Rankin, Jr.) is Co-Trustee of such trust, (d) is deemed to share the power to
vote and dispose of 48,000 shares of Class A Common owned by a trust created for
the benefit of the grandchildren of Clara L.T. Rankin because her spouse is
Co-Trustee of such trust, (e) is deemed to share the power to vote and dispose
of 25,608 shares of Class A Common owned by a trust created for the benefit of
the grandchildren of Alfred M. Rankin, Sr. because her spouse is Co-Trustee of
such trust, (f) is deemed to share the power to vote and dispose of 24,966
shares of Class A Common owned by a trust created for the benefit of Helen
Rankin Butler because her spouse is co-trustee of such trust, (g) is deemed to
share the power to vote and dispose of 24,966 shares of Class A Common held in
trust for the benefit of Clara T. Rankin because her spouse is co-trustee of
such trust, (h) is deemed to share the power to vote and dispose of 124,643
shares of Class A Common owned by a revocable trust for the benefit of her
spouse because her spouse resides with her, (i) is deemed to share the power to
vote and dispose of 25,000 shares of


<PAGE>   18


                                  SCHEDULE 13D

- ----------------------------                       -----------------------------
CUSIP NO. 629579 10 3                                        Page 18 of 19 Pages
- ----------------------------                       -----------------------------

Class A Common, issuable upon the exercise of stock options owned by her spouse
because her spouse resides with her, and (j) is deemed to share the power to
vote and dispose of an additional 3,600 shares of Class A Common owned by her
spouse because her spouse resides with her. Collectively, the 1,034,234 shares
of Class A Common constitute approximately 15.9% of the Class A Common
outstanding as of October 31, 1998.

                 CORBIN RANKIN. Mrs. Rankin (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common, (b) has sole power to vote and dispose of 2,900 shares of Class A Common
held by Mrs. Rankin and 500 shares of Class A Common held by Mrs. Rankin as
custodian for her minor son, (c) is deemed to share with her spouse (Thomas T.
Rankin) the power to vote and dispose of 84,971 shares of Class A Common owned
by a revocable trust for the benefit of her spouse because her spouse resides
with her, (d) is deemed to share with her spouse the power to vote and dispose
of 2,900 shares of Class A Common held by her spouse as custodian for their
minor son, (e) is deemed to share the power to vote and dispose of 10,574 shares
of Class A Common held by a trust for the benefit of her majority age son
because her spouse is Co-Trustee of such trust, and (f) is deemed to share the
power to vote and dispose of 9,474 shares of Class A Common held by another son,
who resides with Mrs. Rankin. Collectively, the 849,614 shares of Class A Common
beneficially owned by Mrs. Rankin constitute approximately 13.1% of the Class A
Common outstanding as of October 31, 1998.

                 CHLOE O. RANKIN. Mrs. Rankin (a) by virtue of the Partnership
Interests received as a gift from Clara L.T. Rankin, shares with RMI and the
other Reporting Individuals the power to dispose of 738,295 shares of Class A
Common, (b) is deemed to share the power to vote and dispose of 80,361 shares of
Class A Common owned by a revocable trust created for the benefit of her spouse
(Claiborne R. Rankin) because her spouse resides with her, (c) is deemed to
share the power to vote and dispose of 6,160 shares of Class A Common held by
her spouse as custodian for their minor son, (d) is deemed to share the power to
vote and dispose of 4,200 shares of Class A Common held by her spouse as
custodian for their minor daughter, and (e) is deemed to share the power to vote
and dispose of 7,716 shares of Class A Common held in trust for the benefit of a
daughter who resides with Mrs. Rankin. Collectively, the 845,112 shares of Class
A Common beneficially owned by Mrs. Rankin constitute approximately 13.1% of the
Class A Common outstanding as of October 31, 1998.



<PAGE>   19


                                  SCHEDULE 13D

- ----------------------------                       -----------------------------
CUSIP NO. 629579 10 3                                        Page 19 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 11, 1999

                          Name: RANKIN ASSOCIATES II, L.P.

                          By:   Rankin Management, Inc.,
                                its Managing Partner

                                By:     /s/ Alfred M. Rankin, Jr.
                                        ----------------------------------------
                                        Alfred M. Rankin, Jr., President
                          Name: RANKIN MANAGEMENT, INC.

                                By:     /s/ Alfred M. Rankin, Jr.
                                        ----------------------------------------
                                        Alfred M. Rankin, Jr., President
                          REPORTING INDIVIDUALS

                          /s/ Alfred M. Rankin, Jr.*
                          ------------------------------------------------------
                          Name:  ALFRED M. RANKIN, JR.

                          Name: RANKIN MANAGEMENT, INC.

                          By:      /s/ Alfred M. Rankin, Jr.
                                   ---------------------------------------------
                                   Alfred M. Rankin, Jr., President

                                   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 John C. Butler, Jr.*
                                   Attorney-in-Fact for Matthew M. Rankin*
                                   Attorney-in-Fact for James T. Rankin*
                                   Attorney-in-Fact for Alison A. Rankin*
                                   Attorney-in-Fact for Victoire G. Rankin*
                                   Attorney-in-Fact for Corbin Rankin*
                                   Attorney-in-Fact for Chloe O. Rankin*



- ---------------------------------
*        The power of attorney authorizing the above named individuals to act on
         behalf of each of the foregoing Reporting Persons is included in
         Exhibit 2 at page 16 and in Exhibit 4 at pages 25 through 26 of the
         Initial Filing.








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