secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001174947-24-001172
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724001172/0001174947-24-001172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724001172/form8k-33061_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-001172

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