---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-001013"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:01:51.604815+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NI Holdings CEO Michael J. Alexander departs; Cindy L. Launer named interim CEO

## Summary
- Michael J. Alexander stepped down as President/CEO and board member effective August 13, 2024.
- Company expects ~$3.7 million in severance payments to Alexander subject to separation agreement.
- Cindy L. Launer, board member since 2019, appointed interim CEO effective August 13, 2024.
- Launer formerly COO of AIG's Commercial Insurance business; will remain on board.
- Board begins search for permanent CEO with no definitive timeline.

## SEC filing metadata
- accession: 0001174947-24-001013
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001013/0001174947-24-001013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001013/form8k-32730_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-001013
- JSON: https://secwatch.observer/filing/0001174947-24-001013.json
- Plain text: https://secwatch.observer/filing/0001174947-24-001013.txt

## Key facts
- Executive change
  Michael J. Alexander resigned as President and Chief Executive Officer at NI Holdings, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On August 13, 2024, Michael J. Alexander, President and Chief Executive Officer of NI Holdings, Inc. (the “Company”) and the Company agreed that Mr. Alexander’s last date of employment as Chief Executive Officer was August 13, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001013/0001174947-24-001013-index.htm
- Executive change
  Cindy L. Launer was appointed as Interim Chief Executive Officer at NI Holdings, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On August 13, 2024, the Company determined to appoint Cindy L. Launer, a member of the Company’s Board of Directors, as the Company’s Interim Chief Executive Officer, effective August 26, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001013/0001174947-24-001013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.