UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                             CURRENT REPORT PURSUANT

                          TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

          Date of report (Date of earliest event reported): May 5, 2003


                             NACCO INDUSTRIES, INC.
               (Exact Name of Registrant as Specified in Charter)

                                    Delaware
                 (State or Other Jurisdiction of Incorporation)

          1-9172                                        34-1505819
   (Commission File Number)                 (IRS Employer Identification Number)

   5875 Landerbrook Drive, Mayfield Heights, OH                   44124-4017
   (Address of Principal Executive Offices)                       (Zip Code)

                                  (440)449-9600
              (Registrant's telephone number, including area code)

                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)





ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE

     On May 5, 2003, NACCO Industries, Inc. mailed a booklet to its stockholders
entitled  "CEO  Perspectives",  authored  by Alfred M.  Rankin,  Jr.,  Chairman,
President and Chief Executive Officer of NACCO  Industries,  Inc. A copy of such
booklet  is  attached  as  Exhibit 99 to this  Current  Report on Form 8-K.  The
booklet  contains a brief letter to stockholders and edited reprints of articles
originally  published in NACCO's  annual  reports from 1991 through  1995.  Each
article  contained in the CEO Perspectives  booklet speaks as of the date of its
original  publication  and NACCO has not  modified  or  updated  any  article to
reflect  subsequent  events or  developments.  For a  discussion  of events  and
developments subsequent to the date of original publication of each article, see
NACCO's  annual  reports  on Form 10-K,  quarterly  reports on Form 10-Q and the
other  documents  and  reports  NACCO  filed with the  Securities  and  Exchange
Commission  subsequent  to those dates.  Each  statement in each article will be
deemed to have been  modified  or  superseded  to the  extent  that a  statement
contained in any document or report that NACCO  subsequently  filed with the SEC
modifies or supercedes that statement.

ITEM 7.  FINANCIAL STATMENTES, PRO FORM  FINANCIAL INFORMATION AND EXHIBITS

     (c)        Exhibits.
                ---------

                99  CEO Perspectives




                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                   NACCO INDUSTRIES, INC.



                                   By: /s/ Charles A. Bittenbender
                                       Name:   Charles A. Bittenbender
                                       Title:  Vice President, General Counsel
                                                 and Secretary

Date:  May 8, 2003



                                 EXHIBIT INDEX

Exhibit No      Description
----------      -----------

    99          CEO Perspectives