NI Holdings appoints Seth Daggett as permanent CEO, Matt Maki as Interim CFO

NI Holdings, Inc.

Seth Daggett, former CFO, becomes President and CEO effective Dec 1, 2024; Cindy Launer returns to Board.
Matt Maki, VP Financial Planning & Analysis, appointed Interim CFO effective Dec 1, 2024; permanent CFO search started.
Patrick Duncan, SVP Operations, departed Nov 20; company expects ~$859,706 in termination payments plus health benefits.
Daggett's CEO comp: $700k base, 80% base STI target, 100% base LTI, $100k cash bonus, $240k RSU grant vesting 3 yrs.
Maki Interim CFO: $25k/month (40% cash, 60% RSUs), plus existing VP comp ($320k base, 40% STI, 40% LTI).

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Cindy L. Launer

Interim Chief Executive Officer

NODK · NI Holdings, Inc.

Effective: 2024-11-30
Successor: Seth C. Daggett
Filed: November 22, 2024, 6:59 PM ET

Ms. Cindy L. Launer, the current Interim Chief Executive Officer of the Company and a member of the Company’s Board of Directors, will step down from her position as Interim Chief Executive Officer effective November 30, 2024.

Role change

Seth C. Daggett

President and Chief Executive Officer

NODK · NI Holdings, Inc.

Effective: 2024-12-01
Filed: November 22, 2024, 6:59 PM ET

On November 20, 2024, NI Holdings, Inc. (the “Company”) determined to appoint its current Executive Vice President, Treasurer and Chief Financial Officer, Seth C. Daggett, as the Company’s President and Chief Executive Officer and a member of the Board of Directors, effective December 1, 2024.

Appointed (interim)

Matt Maki

Interim Chief Financial Officer

NODK · NI Holdings, Inc.

Effective: 2024-12-01
Filed: November 22, 2024, 6:59 PM ET

On November 20, 2024, the Company determined to appoint Matt Maki, Vice President, Financial Planning and Analysis of the Company, as the Company’s Interim Chief Financial Officer, effective December 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cindy L. Launer departed as Interim Chief Executive Officer at NI Holdings, Inc..

Action: stepped down
Role: Interim Chief Executive Officer

Exact text from the filing

Ms. Cindy L. Launer, the current Interim Chief Executive Officer of the Company and a member of the Company’s Board of Directors, will step down from her position as Interim Chief Executive Officer effective November 30, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Seth C. Daggett was appointed as President and Chief Executive Officer at NI Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On November 20, 2024, NI Holdings, Inc. (the “Company”) determined to appoint its current Executive Vice President, Treasurer and Chief Financial Officer, Seth C. Daggett, as the Company’s President and Chief Executive Officer and a member of the Board of Directors, effective December 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Maki was appointed as Interim Chief Financial Officer at NI Holdings, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On November 20, 2024, the Company determined to appoint Matt Maki, Vice President, Financial Planning and Analysis of the Company, as the Company’s Interim Chief Financial Officer, effective December 1, 2024.

View on SEC.gov

NI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001174947-24-001282

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