{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-001286","form_type":"8-K","ticker":"NODK","cik":"0001681206","company_name":"NI Holdings, Inc.","filed_at":"2024-12-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.210334+00:00","generated_at":"2026-05-29T09:56:03.001910+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NI Holdings terminates SVP Operations Patrick Duncan without cause; receives $860K severance","bullets":["Patrick W. Duncan's employment as SVP Operations ended Nov. 20, 2024; separation agreement signed Nov. 27.","Severance payment of $859,706.39 (two years base salary plus average bonus) plus $35,641.71 for health coverage.","Company will pay COBRA premiums for 18 months; Duncan retains company-issued cell phone and iPad.","Duncan has 7-day revocation period; agreement includes non-disparagement and 6-month cooperation clause.","No acceleration of equity vesting triggered; Duncan not entitled to any short-term incentive bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-001286","json":"https://secwatch.observer/filing/0001174947-24-001286.json","markdown":"https://secwatch.observer/filing/0001174947-24-001286.md","text":"https://secwatch.observer/filing/0001174947-24-001286.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1681206/000117494724001286/0001174947-24-001286-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1681206/000117494724001286/form8k-33216_nodk.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T09:56:03.001910+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}