secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001547903-21-000188
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/0001547903-21-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000154790321000188/nmih-20211220.htm
  HTML page:      https://secwatch.observer/filing/0001547903-21-000188

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer