---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-21-000188"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2021-12-21T23:59:59+00:00"
generated_at: "2026-06-27T23:19:26.665857+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NMI Holdings appoints Ravi Mallela as EVP & CFO, effective Jan 10, 2022

## Summary
- Ravi Mallela appointed EVP & CFO effective Jan 10, 2022; replaces Adam Pollitzer who becomes President & CEO on Jan 1, 2022.
- Compensation: base salary $480k, target annual bonus 100% of base, equity target 175% of base, and $30k/yr executive cash allowance.
- One-time make-whole equity award $1.87M and inducement award $380k in RSUs, vesting 40% each 1st/2nd anniv, 20% 3rd anniv.
- One-time make-whole cash bonus $370k (clawback if leave before 3rd anniv) and relocation bonus $50k (clawback if leave before 1st year).
- Mallela previously EVP, CFO and Treasurer of First Hawaiian, Inc.; brings experience in capital management and finance leadership.

## SEC filing metadata
- accession: 0001547903-21-000188
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2021-12-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/0001547903-21-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/nmih-20211220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-21-000188
- JSON: https://secwatch.observer/filing/0001547903-21-000188.json
- Plain text: https://secwatch.observer/filing/0001547903-21-000188.txt

## Key facts
- Executive change
  Adam Pollitzer changed role as President and Chief Executive Officer at NMI Holdings, Inc..
  - Action: will become
  - Role: President and Chief Executive Officer
  source text: Mr. Mallela will succeed Adam Pollitzer, the Company’s current Executive Vice President and Chief Financial Officer, who will become the Company’s President and Chief Executive Officer, effective January 1, 2022 , and will remain the Company’s acting Chief Financial Officer until Mr. Mallela’s start date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/0001547903-21-000188-index.htm
- Executive change
  Ravi Mallela was appointed as Executive Vice President and Chief Financial Officer at NMI Holdings, Inc..
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On December 21, 2021, NMI Holdings, Inc. (the "Company") announced that Ravi Mallela that has been appointed Executive Vice President and Chief Financial Officer of the Company, effective January 10, 2022 (the "start date").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/0001547903-21-000188-index.htm

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