---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-000267"
form_type: "8-K"
ticker: "NODK"
cik: "0001681206"
company_name: "NI Holdings, Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:28:15.440732+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-25-000267
- form_type: 8-K
- ticker: NODK
- cik: 0001681206
- company_name: NI Holdings, Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681206/000117494725000267/0001174947-25-000267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681206/000117494725000267/form8k-33729_nodk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-000267
- JSON: https://secwatch.observer/filing/0001174947-25-000267.json
- Plain text: https://secwatch.observer/filing/0001174947-25-000267.txt

## Key facts
- Executive change
  Matt Maki was appointed as Chief Financial Officer at NI Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681206/000117494725000267/0001174947-25-000267-index.htm

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