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Hamilton Beach Brands Holding Co. – ‘10-K’ for 12/31/23 – ‘EX-31.2’

On:  Wednesday, 3/6/24, at 4:30pm ET   ·   For:  12/31/23   ·   Accession #:  1709164-24-11   ·   File #:  1-38214

Previous ‘10-K’:  ‘10-K’ on 3/9/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   28 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/06/24  Hamilton Beach Brands Holding Co. 10-K       12/31/23  100:9.5M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.76M 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     46K 
 3: EX-21.1     Subsidiaries List                                   HTML     30K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     28K 
 8: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     44K 
                Awarded Compensation                                             
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-32       Certification -- §906 - SOA'02                      HTML     29K 
14: R1          Cover                                               HTML     97K 
15: R2          Audit Information                                   HTML     32K 
16: R3          Consolidated Statements of Operations               HTML     95K 
17: R4          Consolidated Statements of Comprehensive Income     HTML     69K 
                (Loss)                                                           
18: R5          Consolidated Balance Sheets                         HTML    139K 
19: R6          Consolidated Balance Sheets (Parenthetical)         HTML     37K 
20: R7          Consolidated Statements of Cash Flows               HTML    117K 
21: R8          Consolidated Statements of Equity                   HTML     73K 
22: R9          Consolidated Statements of Equity (Parenthetical)   HTML     29K 
23: R10         Nature of Operations and Summary of Significant     HTML     73K 
                Accounting Policies                                              
24: R11         Property, Plant and Equipment, Net                  HTML     43K 
25: R12         Intangible Assets                                   HTML     43K 
26: R13         Current and Long-Term Financing                     HTML     51K 
27: R14         Fair Value Disclosure                               HTML     33K 
28: R15         Derivative Financial Instruments                    HTML     70K 
29: R16         Leasing Arrangements                                HTML     61K 
30: R17         Stockholders' Equity and Earnings Per Share         HTML     91K 
31: R18         Revenue                                             HTML     48K 
32: R19         Contingencies                                       HTML     35K 
33: R20         Income Taxes                                        HTML    144K 
34: R21         Retirement Benefit Plans                            HTML    187K 
35: R22         Data by Geographic Region                           HTML     50K 
36: R23         Subsequent Events                                   HTML     30K 
37: R24         Schedule II - Valuation and Qualifying Accounts     HTML     66K 
38: R25         Pay vs Performance Disclosure                       HTML     39K 
39: R26         Insider Trading Arrangements                        HTML     33K 
40: R27         Nature of Operations and Summary of Significant     HTML    128K 
                Accounting Policies (Policies)                                   
41: R28         Property, Plant and Equipment, Net (Tables)         HTML     42K 
42: R29         Intangible Assets (Tables)                          HTML     43K 
43: R30         Current and Long-Term Financing (Tables)            HTML     42K 
44: R31         Derivative Financial Instruments (Tables)           HTML     69K 
45: R32         Leasing Arrangements (Tables)                       HTML     61K 
46: R33         Stockholders' Equity and Earnings Per Share         HTML     91K 
                (Tables)                                                         
47: R34         Revenue (Tables)                                    HTML     39K 
48: R35         Income Taxes (Tables)                               HTML    146K 
49: R36         Retirement Benefit Plans (Tables)                   HTML    190K 
50: R37         Data by Geographic Region (Tables)                  HTML     47K 
51: R38         Nature of Operations and Summary of Significant     HTML     32K 
                Accounting Policies (Segment Information)                        
                (Details)                                                        
52: R39         Nature of Operations and Summary of Significant     HTML     34K 
                Accounting Policies (Trade Receivables) (Details)                
53: R40         Nature of Operations and Summary of Significant     HTML     39K 
                Accounting Policies (Accounts Payable - Supplier                 
                Finance Program) (Details)                                       
54: R41         Nature of Operations and Summary of Significant     HTML     31K 
                Accounting Policies (Transfer of Financial Assets)               
                (Details)                                                        
55: R42         Nature of Operations and Summary of Significant     HTML     31K 
                Accounting Policies (Assets Held for Sale)                       
                (Details)                                                        
56: R43         Nature of Operations and Summary of Significant     HTML     36K 
                Accounting Policies (Property, Plant and                         
                Equipment, Net) (Details)                                        
57: R44         Nature of Operations and Summary of Significant     HTML     29K 
                Accounting Policies (Goodwill and Intangible                     
                Assets) (Details)                                                
58: R45         Nature of Operations and Summary of Significant     HTML     30K 
                Accounting Policies (Product Development Costs)                  
                (Details)                                                        
59: R46         Nature of Operations and Summary of Significant     HTML     77K 
                Accounting Policies (Stock Compensation) (Details)               
60: R47         Property, Plant and Equipment, Net (Details)        HTML     52K 
61: R48         Intangible Assets (Details)                         HTML     56K 
62: R49         Current and Long-Term Financing (Debt Schedule)     HTML     43K 
                (Details)                                                        
63: R50         Current and Long-Term Financing (Narrative)         HTML     55K 
                (Details)                                                        
64: R51         Derivative Financial Instruments (Narrative)        HTML     37K 
                (Details)                                                        
65: R52         Derivative Financial Instruments (Interest Rate     HTML     38K 
                Derivatives) (Details)                                           
66: R53         Derivative Financial Instruments (Fair Value of     HTML     52K 
                Derivative Instruments as Recorded in Consolidated               
                Balance Sheets) (Details)                                        
67: R54         Leasing Arrangements (Narrative) (Details)          HTML     37K 
68: R55         Leasing Arrangements (Lease Cost) (Details)         HTML     44K 
69: R56         Leasing Arrangements (Supplemental Cash Flow and    HTML     34K 
                Non-cash Information) (Details)                                  
70: R57         Leasing Arrangements (Undiscounted Future Lease     HTML     46K 
                Payments for Operating Leases) (Details)                         
71: R58         Leasing Arrangements (Weighted Average Remaining    HTML     36K 
                Lease Term and Discount Rate) (Details)                          
72: R59         Stockholders' Equity and Earnings Per Share         HTML     51K 
                (Narrative) (Details)                                            
73: R60         Stockholders' Equity and Earnings Per Share         HTML     62K 
                (Authorized Capital Stock) (Details)                             
74: R61         Stockholders' Equity and Earnings Per Share         HTML     57K 
                (Reclassification out of AOCI) (Details)                         
75: R62         Stockholders' Equity and Earnings Per Share         HTML     48K 
                (Weighted Average Number of Shares Outstanding                   
                Reconciliation) (Details)                                        
76: R63         Revenue (Narrative) (Details)                       HTML     61K 
77: R64         Revenue (Disaggregation of Revenue) (Details)       HTML     41K 
78: R65         Contingencies (Details)                             HTML     47K 
79: R66         Income Taxes (Income Before Income Taxes and        HTML     67K 
                Provision for Income Taxes) (Details)                            
80: R67         Income Taxes (Narrative) (Details)                  HTML     47K 
81: R68         Income Taxes (Reconciliation of the Federal         HTML     81K 
                Statutory and Effective Income Tax Rate) (Details)               
82: R69         Income Taxes (Summary of the Total Deferred Tax     HTML     59K 
                Assets and Liabilities) (Details)                                
83: R70         Income Taxes (Summary of Operating Loss             HTML     34K 
                Carryforwards and Tax Credit Carryforwards)                      
                (Details)                                                        
84: R71         Income Taxes (Gross Unrecognized Tax Benefits)      HTML     39K 
                (Details)                                                        
85: R72         Retirement Benefit Plans (Narrative) (Details)      HTML     46K 
86: R73         Retirement Benefit Plans (Assumptions Used in       HTML     39K 
                Accounting for Defined Benefit Plans) (Details)                  
87: R74         Retirement Benefit Plans (Net Periodic Pension      HTML     48K 
                Expense) (Details)                                               
88: R75         Retirement Benefit Plans (Other Changes in Plan     HTML     45K 
                Assets and Benefit Obligations Recognized in Other               
                Comprehensive Income (Loss)) (Details)                           
89: R76         Retirement Benefit Plans (Obligation and Funded     HTML     92K 
                Status) (Details)                                                
90: R77         Retirement Benefit Plans (Expected Benefit          HTML     47K 
                Payments) (Details)                                              
91: R78         Retirement Benefit Plans (Actual and Target         HTML     59K 
                Allocation Percentage for Pension Plan Assets)                   
                (Details)                                                        
92: R79         Retirement Benefit Plans (Fair Value Hierarchy)     HTML     49K 
                (Details)                                                        
93: R80         Data by Geographic Region (Details)                 HTML     47K 
94: R81         Subsequent Events (Details)                         HTML     47K 
95: R82         Schedule II - Valuation and Qualifying Accounts     HTML     42K 
                (Details)                                                        
97: XML         IDEA XML File -- Filing Summary                      XML    188K 
100: XML         XBRL Instance -- hbb-20231231_htm                    XML   2.18M  
96: EXCEL       IDEA Workbook of Financial Report Info              XLSX    172K 
10: EX-101.CAL  XBRL Calculations -- hbb-20231231_cal                XML    256K 
11: EX-101.DEF  XBRL Definitions -- hbb-20231231_def                 XML    756K 
12: EX-101.LAB  XBRL Labels -- hbb-20231231_lab                      XML   1.86M 
13: EX-101.PRE  XBRL Presentations -- hbb-20231231_pre               XML   1.24M 
 9: EX-101.SCH  XBRL Schema -- hbb-20231231                          XSD    167K 
98: JSON        XBRL Instance as JSON Data -- MetaLinks              611±   916K 
99: ZIP         XBRL Zipped Folder -- 0001709164-24-000011-xbrl      Zip    441K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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  Document  

Exhibit 31(i)(2)

Certifications

I, Sally M. Cunningham, certify that:

1.I have reviewed this annual report on Form 10-K of Hamilton Beach Brands Holding Company;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)    Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)    Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:March 6, 2024/s/ Sally M. Cunningham
Sally M. Cunningham
Senior Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)/(Principal Accounting Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/6/248-K
For Period end:12/31/23
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/09/24  Hamilton Beach Brands Holding Co. S-8         5/09/24    6:157K                                   Donnelley … Solutions/FA
 5/09/24  Hamilton Beach Brands Holding Co. S-8         5/09/24    6:127K                                   Donnelley … Solutions/FA


26 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/15/22  Hamilton Beach Brands Holding Co. 8-K:1,9    11/15/22   11:228K
 8/18/22  Hamilton Beach Brands Holding Co. 8-K:1,2,9   8/15/22   11:2M
 8/03/22  Hamilton Beach Brands Holding Co. 10-Q        6/30/22   42:3.9M
 5/18/22  Hamilton Beach Brands Holding Co. S-8         5/18/22    6:138K                                   Donnelley … Solutions/FA
 2/11/22  Rankin Alfred M et al             SC 13D/A               5:1.6M Hamilton Beach Brands Holding Co. Donnelley … Solutions/FA
11/03/21  Hamilton Beach Brands Holding Co. 10-Q        9/30/21   44:4.5M
 8/04/21  Hamilton Beach Brands Holding Co. 10-Q        6/30/21   44:4.1M
 5/05/21  Hamilton Beach Brands Holding Co. 10-Q        3/31/21   49:3.9M
 2/12/21  Rankin Alfred M et al             SC 13D/A               3:554K Hamilton Beach Brands Holding Co. Donnelley … Solutions/FA
11/23/20  Hamilton Beach Brands Holding Co. 8-K:1      11/23/20   13:1.9M
 7/24/20  Hamilton Beach Brands Holding Co. 10-Q        3/31/20   52:8.1M
 3/26/20  Hamilton Beach Brands Holding Co. DEF 14A     5/12/20    1:1.2M                                   Donnelley … Solutions/FA
 2/26/20  Hamilton Beach Brands Holding Co. 10-K       12/31/19   96:10M
12/28/18  Hamilton Beach Brands Holding Co. 8-K:2,9    12/28/18    2:83K
10/30/18  Hamilton Beach Brands Holding Co. 10-Q        9/30/18   48:3.7M
 8/01/18  Hamilton Beach Brands Holding Co. 10-Q        8/01/18   45:3.6M
10/04/17  Hamilton Beach Brands Holding Co. 8-K:1,9     9/29/17    5:1.9M
 9/22/17  Hamilton Beach Brands Holding Co. 8-A12G                 3:122K                                   Donnelley … Solutions/FA
 9/18/17  Hamilton Beach Brands Holding Co. S-1/A                 21:2.9M                                   Donnelley … Solutions/FA
 8/02/16  Nacco Industries Inc.             10-Q        6/30/16   55:5.3M
 3/02/16  Nacco Industries Inc.             10-K       12/31/15  135:20M
 5/18/15  Nacco Industries Inc.             8-K:5,9     5/14/15    4:259K
 3/09/15  Nacco Industries Inc.             10-K       12/31/14  139:27M
 7/30/14  Nacco Industries Inc.             10-Q        6/30/14   61:6.9M
 5/09/14  Nacco Industries Inc.             8-K:5,9     5/08/14    2:126K
 6/06/12  Nacco Industries Inc.             8-K:1,9     5/31/12    4:2.2M
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Filing Submission 0001709164-24-000011   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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