0000000000-24-002585.txt : 20240529 0000000000-24-002585.hdr.sgml : 20240529 20240308133606 ACCESSION NUMBER: 0000000000-24-002585 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240308 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: WARRIOR MET COAL, INC. CENTRAL INDEX KEY: 0001691303 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE MINING [1220] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 810706839 STATE OF INCORPORATION: DE FISCAL YEAR END: 1222 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-38061 BUSINESS ADDRESS: STREET 1: 16243 HIGHWAY 216 CITY: BROOKWOOD STATE: AL ZIP: 35444 BUSINESS PHONE: 2055546150 MAIL ADDRESS: STREET 1: 16243 HIGHWAY 216 CITY: BROOKWOOD STATE: AL ZIP: 35444 FORMER COMPANY: FORMER CONFORMED NAME: WARRIOR MET COAL, LLC DATE OF NAME CHANGE: 20161201 PUBLIC REFERENCE ACCESSION NUMBER: 0001214659-24-003715 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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PREN14A Filed February 29, 2024 Filed By American Federation of Labor and Congress of Industrial Organizations et al. File No. 001-38061 Dear Brandon Rees: We have reviewed your filing and have the following comments. Please respond to these comments by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. All defined terms used herein have the same meaning as in your proxy statement. PREN14A Filed February 29, 2024 General 1. Please generally revise the description of the Stockholder Proposals and the discussion of them throughout the proxy statement to make clear that they are non-binding and advisory in nature, and will not legally mandate any action by the Company. Reasons For This Proxy Solicitation, page 1 2. We note the following statement on page 2: During the strike, the Company idled one of its two active mines and reduced production at its second mine. Please revise this statement to specify how long the relevant mine was idled. 3. On page 2, you state that the Company had idle mine and business interruption expenses of $56 million in 2022. It does not appear that footnote 7 supports this amount of Brandon Rees FirstName LastNameBrandon American Federation of Labor Rees and Congress of Industrial Organizations Comapany March NameAmerican Federation of Labor and Congress of Industrial Organizations 8, 2024 March2 8, 2024 Page 2 Page FirstName LastName expenses. Please revise or advise. 4. On page 4, you compare the Company s sales between 2020 and 2022 with the sales of Arch Resources, Inc. ("Arch") and Peabody Energy Corporation ("Peabody") between 2021 and 2022. Please add the sales of Arch and Peabody during 2020 to this comparison to present these sales figures consistently. 5. On page 5, you include a graph showing the cumulative stock price return of the Company s common stock compared to Arch and Peabody based on the Company omitting the Custom Composite Index from the Stock Performance Graph in its 2023 Annual Report. Please clarify whether this graph was prepared in accordance with Item 201(e) of Regulation S-K, or otherwise specify the methodology for preparing this graph. Stockholder Proposal #1, page 6 6. We note the following statement on page 6: When our Company originally announced the NOL Rights Plan in 2020, the Company reported federal and state net operating losses exceeding approximately $1.6 billion. Please provide support for this amount of net operating losses. Stockholder Proposal #2, page 7 7. We note the following statement on page 8: According to the Council of Institutional Investors, proxy access is available in some form at over two-thirds of S&P 500 companies and one-fifth of Russell 3000 companies. Consistent with footnote 25, please revise this statement to clarify that proxy access is available in some form at less than one-fifth of Russell 3000 companies. Preliminary Proxy Card, page 15 8. On the second page of the preliminary proxy card, you state that if you do not indicate an instruction with respect to any of these Stockholder Proposals on the [color] proxy card, the named proxies will cause your proxy to be voted for the Stockholder Proposals. However, this statement appears to be inconsistent with the following disclosure on the first page of the preliminary proxy card: This proxy card grants no discretionary voting authority . . . . Please revise. 9. On your preliminary proxy card, you list For , Against , and Abstain as the three voting options for Management Proposal #3. Please revise the voting options for Management Proposal #3 to show 1 Year , 2 Years , 3 Years , and Abstain consistent with the Company s preliminary proxy card. See Exchange Act Rule 14a- 4(b)(5). 10. On the last page of the preliminary proxy card, there appears to be a typo which may cause stockholder confusion: "Where not [sic] voting instructions are given, the shares represented by this proxy . . . ." Please revise. Brandon Rees American Federation of Labor and Congress of Industrial Organizations March 8, 2024 Page 3 We remind you that the filing persons are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please direct any questions to Shane Callaghan at 202-551-6977 or Christina Chalk at 202-551-3263. FirstName LastNameBrandon Rees Sincerely, Comapany NameAmerican Federation of Labor and Congress of Industrial Organizations Division of Corporation Finance March 8, 2024 Page 3 Office of Mergers & Acquisitions FirstName LastName