{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-001087","form_type":"8-K","ticker":"NODK","cik":"0001681206","company_name":"NI Holdings, Inc.","filed_at":"2024-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.092454+00:00","generated_at":"2026-05-31T03:39:24.461132+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NI Holdings finalizes separation agreement with former CEO Michael Alexander for $3.8M severance","bullets":["Former CEO Michael Alexander terminated without cause Aug 13, 2024; separation agreement signed Sept 16, 2024.","Severance payment of $3,826,583.01 (three years base salary and avg bonus) paid within 10 days after revocation period.","Company to pay COBRA premiums for 18 months plus $65,493.07 for additional after-tax health coverage.","Agreement includes full release of claims, non-disparagement, and 6-month cooperation at $400/hour."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-001087","json":"https://secwatch.observer/filing/0001174947-24-001087.json","markdown":"https://secwatch.observer/filing/0001174947-24-001087.md","text":"https://secwatch.observer/filing/0001174947-24-001087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1681206/000117494724001087/0001174947-24-001087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1681206/000117494724001087/form8k-32876_nodk.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:39:24.461132+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"94e75067ea","claim":"Michael J. Alexander was terminated as President and Chief Executive Officer at NI Holdings, Inc..","evidence_excerpt":"Michael J. Alexander’s employment as President and Chief Executive Officer of NI Holdings, Inc. (the “Company”) was terminated without cause.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1681206/000117494724001087/0001174947-24-001087-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}