secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2022-03-18T23:59:59+00:00
Accession:  0001174947-22-000386
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NI Holdings enters employment agreement with CFO Seth Daggett; base salary $285,000
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- CFO Seth Daggett's new agreement includes $285,000 base salary and participation in equity incentive and short-term performance plans.
- Severance on termination without cause/for good reason includes base salary plus average three-year bonus, prorated for remaining employment period.
- Agreement includes standard non-disclosure, release requirement, and Section 409A compliance provisions.
- Effective March 15, 2022; automatically extends daily to maintain a one-year term unless notice given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000386/0001174947-22-000386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494722000386/form8k-27628_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000386

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer