---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-001282"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:47:31.672179+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001174947-24-001282
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/0001174947-24-001282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/form8k-33184_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-001282
- JSON: https://secwatch.observer/filing/0001174947-24-001282.json
- Plain text: https://secwatch.observer/filing/0001174947-24-001282.txt

## Key facts
- Executive change
  Cindy L. Launer departed as Interim Chief Executive Officer at NI Holdings, Inc..
  - Action: stepped down
  - Role: Interim Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/0001174947-24-001282-index.htm
- Executive change
  Seth C. Daggett was appointed as President and Chief Executive Officer at NI Holdings, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/0001174947-24-001282-index.htm
- Executive change
  Matt Maki was appointed as Interim Chief Financial Officer at NI Holdings, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/0001174947-24-001282-index.htm

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