United States securities and exchange commission logo
March 4, 2024
Kelli K. Gant
Chief Administrative Officer and Corporate Secretary
Warrior Met Coal, Inc.
16243 Highway 216
Brookwood, AL 35444
Re: Warrior Met Coal,
Inc.
PREC14A Filed
February 23, 2024
File No. 001-38061
Dear Kelli K. Gant:
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.
PREC14A Filed February 23, 2024
General
1. On page 4, please
clarify the vote required for approval of Proposals 2 and 4-9 beyond just
a [m]ajority of
votes cast. See Item 21(a) of Schedule 14A. For example, according to
page 78, Proposal 2
requires an affirmative vote of a majority of votes cast by
stockholders
participating in or represented by proxy at the virtual Annual Meeting and
entitled to vote on the
matter (emphasis added).
2. See comment 1 above.
Throughout the proxy statement, you state that an abstention will
have no effect on the
outcome of any proposal. However, the inclusion of and entitled to
vote on the matter
in the disclosed voting standard for Proposals 2 and 4 along with
Section 2.5(d) of
Company s Amended and Restated Bylaws suggest that such abstentions
should be treated as a
vote against those proposals. Please revise your disclosure
accordingly or advise
us why abstentions should have no effect on Proposals 2 and 4 in
your response letter.
3. The proxy card included
with a preliminary proxy statement should be clearly identified
Kelli K. Gant
Warrior Met Coal, Inc.
March 4, 2024
Page 2
as a preliminary version. Refer to Exchange Act Rule 14a-6(e)(1).
Please revise.
Proposal 4 - Ratification of Appointment of Independent Registered Public
Accounting Firm,
page 83
4. We note the following statement on page 83: Brokers, as nominees
for a beneficial
owner, may exercise discretion to vote on this proposal without
instruction of the
beneficial owner of the shares. This statement appears to be
inconsistent with the
disclosure at the bottom of page 4. Please revise or advise.
Non-Binding Stockholder Proposals, page 87
5. Each statement or assertion of opinion or belief must be clearly
characterized as such, and
a reasonable factual basis must exist for such opinion or belief.
Support for any such
opinions or beliefs should be self-evident or disclosed in the
soliciting materials. Please
generally revise the disclosure throughout this section accordingly.
Some examples of
opinions presented as fact that should be recharacterized and/or
supported include the
following:
The poison pill stockholder approval bylaw provision
may prevent the Board from
fulfilling its fiduciary duties . . . (page 89)
The proposed blank check preferred stock charter
restriction limits the Board s
ability to satisfy its fiduciary duties. (page 91)
[Proposal 8] would be unmanageable and would effectively
halt the Company s
hiring and promotion processes. (page 92)
6. We note the following statement on page 92: The Severance Approval
Policy is available
for viewing in the Investors section of our website at
www.warriormetcoal.com. It does
not appear that this policy is available on the Company s website.
Please revise or advise.
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 LastNameKelli K. Gant Sincerely,
Comapany NameWarrior Met Coal, Inc.
Division of
Corporation Finance
March 4, 2024 Page 2 Office of Mergers
& Acquisitions
FirstName LastName