---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-001172"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:43:15.956317+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NI Holdings restates Q2 2024 results due to $3.4M accounting error from Westminster sale

## Summary
- Audit Committee concluded Q2 2024 financial statements should no longer be relied upon.
- Error: failed to record ~$3.4M receivables in Westminster closing balance sheet, understating loss on sale of discontinued ops.
- Net loss understated by $3.4M, or $0.17/$0.16 per basic/diluted share for 3- and 6-month periods ended June 30, 2024.
- Company will file amended 10-Q/A as soon as practicable to correct the prior period.
- Management is reevaluating disclosure controls and procedures as of June 30, 2024.

## SEC filing metadata
- accession: 0001174947-24-001172
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001172/0001174947-24-001172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001172/form8k-33061_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-001172
- JSON: https://secwatch.observer/filing/0001174947-24-001172.json
- Plain text: https://secwatch.observer/filing/0001174947-24-001172.txt

## Key facts
- Auditor Changes
  NI Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Forvis Mazars, LLP
  source text: On October 25, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of NI Holdings, Inc. (the “Company”) determined, upon the recommendation of Company management, that the Company’s unaudited financial statements in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (“prior period financial statements”) and any earnings releases or other communications relating to this period should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001172/0001174947-24-001172-index.htm

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