Warrior Met Coal (HCC) Proxy Filing summary

Executive summary

• Achieved 6% increase in sales volumes and 8% increase in production volumes in 2024, meeting or exceeding all guidance targets despite low steelmaking coal prices.

• Returned $43.8 million in dividends to stockholders and maintained strong net income of $250.6 million and adjusted EBITDA of $447.9 million.

• Advanced the Blue Creek Mine project, with production starting on time in Q4 2024 and longwall operations expected by Q2 2026, creating 350+ new jobs.

• Achieved a 19% improvement in safety incidence rate, with a total incidence rate 65% lower than the national average for underground coal mines.

Voting matters and shareholder proposals

• Election of five director nominees to the Board.

• Advisory vote on executive compensation (say-on-pay).

• Ratification of Ernst & Young LLP as independent auditor for 2025.

• Non-binding stockholder proposal for a third-party assessment of the company’s respect for human rights, which the Board recommends voting against as the assessment is already underway.

Board of directors and corporate governance

• Board consists of six directors, with five nominees up for election; 50% of committee leadership roles held by women and 33% board diversity.

• All key committees are 100% independent; Board Chair is independent.

• Proxy access rights and majority vote standards for board elections and M&A.

• Enhanced governance policies in response to shareholder feedback, including adoption of proxy access and a stockholder rights plan policy.