NI Holdings appoints Matt Maki as permanent CFO effective March 1, 2025

NI Holdings, Inc.

Matt Maki, previously Interim CFO, appointed full-time CFO effective March 1, 2025; will serve as principal financial and accounting officer.
Annual base salary of $435,000; short-term incentive at 50% of base salary (threshold 25%, target 50%, stretch 100%).
Long-term incentive at 70% of base salary; one-time cash bonus of $25,000 and RSU grant of $70,000 with three-year vesting.
Maki joined NI Holdings in Aug 2020 as VP of FP&A; prior roles at RAM Mutual Insurance and Travelers; CPA and UW-Eau Claire graduate.
Employment agreement expected with one-year term; severance provisions for termination without cause or for good reason.

item 5.02

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Appointed

Matt Maki

Chief Financial Officer

NODK · NI Holdings, Inc.

Effective: 2025-03-01
Filed: March 4, 2025, 6:59 PM ET

On February 26, 2025, the Board of Directors (the “Board”) of the Company determined to appoint Mr. Maki as the Company’s full-time Chief Financial Officer, effective March 1, 2025.

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Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 26, 2025, the Board of Directors (the “Board”) of the Company determined to appoint Mr. Maki as the Company’s full-time Chief Financial Officer, effective March 1, 2025.

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Source: SEC EDGAR

accession 0001174947-25-000267

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