NMI Holdings names Adam Pollitzer CEO effective Jan 1, 2022; Claudia Merkle to depart

NMI Holdings, Inc.

Adam Pollitzer, current EVP/CFO, appointed President and CEO effective Jan 1, 2022, and will join Board.
Claudia Merkle steps down as CEO and from Board effective Dec 31, 2021.
Pollitzer receives $800K base salary, 150% bonus target, enhanced change-in-control severance (2x salary plus bonus).
Merkle eligible for 2021 STI payment, placement services, accelerated vesting of stock options and RSUs.
Board cites deliberate succession planning; Pollitzer instrumental in corporate strategy and financial success since 2017.

item 5.02 item 9.01

Executive movements

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Appointed

Adam Pollitzer

President and Chief Executive Officer

NMIH · NMI Holdings, Inc.

Effective: 2022-01-01
Filed: September 9, 2021, 7:59 PM ET

the Board of Directors (the “Board”) of the Company has appointed Adam Pollitzer, the Company’s current Executive Vice President and Chief Financial Officer, to become its President and Chief Executive Officer and a member of the Board, effective January 1, 2022.

Departed

Claudia J. Merkle

Chief Executive Officer

NMIH · NMI Holdings, Inc.

Effective: 2021-12-31
Successor: Adam Pollitzer
Filed: September 9, 2021, 7:59 PM ET

Claudia J. Merkle, the Company’s Chief Executive Officer and a member of the Board, will depart from both positions on December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Pollitzer was appointed as President and Chief Executive Officer at NMI Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) of the Company has appointed Adam Pollitzer, the Company’s current Executive Vice President and Chief Financial Officer, to become its President and Chief Executive Officer and a member of the Board, effective January 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Claudia J. Merkle departed as Chief Executive Officer at NMI Holdings, Inc..

Action: departed
Role: Chief Executive Officer

Exact text from the filing

Claudia J. Merkle, the Company’s Chief Executive Officer and a member of the Board, will depart from both positions on December 31, 2021.

View on SEC.gov

NMI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001547903-21-000153

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