secwatch.observer — SEC 8-K summary
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Issuer:     NI Holdings, Inc. (NODK)
CIK:        0001681206
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001174947-25-000267
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681206/000117494725000267/0001174947-25-000267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681206/000117494725000267/form8k-33729_nodk.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000267

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