secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001174947-24-001282
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/0001174947-24-001282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494724001282/form8k-33184_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-001282

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer