NMI Holdings names Aurora Swithenbank CFO effective May 1, 2024; Ravi Mallela exits

NMI Holdings, Inc.

Swithenbank previously CFO at Vantage Group Holdings and Partner at Goldman Sachs.
Base salary $505,000; target annual bonus 100% of base; one-time inducement RSUs of $1.5M.
Mallela to stay through transition; severance $252,500 (6-mo salary) plus COBRA and ~$350K in accelerated RSUs.
Departure not due to any disagreement over financial disclosures or operations.
Swithenbank also receives $25K relocation bonus, $5K/mo housing allowance for 6 months, and travel tickets.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Aurora Swithenbank

Executive Vice President and Chief Financial Officer

NMIH · NMI Holdings, Inc.

Effective: 2024-05-01
Filed: March 4, 2024, 6:59 PM ET

On March 4, 2024, NMI Holdings, Inc. (the “Company”) announced that Aurora Swithenbank has been appointed Executive Vice President and Chief Financial Officer, effective May 1, 2024.

Departed

Ravi Mallela

Executive Vice President and Chief Financial Officer

NMIH · NMI Holdings, Inc.

Effective: 2024-05-01
Successor: Aurora Swithenbank
Filed: March 4, 2024, 6:59 PM ET

On March 4, 2024, the Company announced that Ravi Mallela, the Company’s Executive Vice President and Chief Financial Officer, will be leaving the Company effective May 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aurora Swithenbank was appointed as Executive Vice President and Chief Financial Officer at NMI Holdings, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On March 4, 2024, NMI Holdings, Inc. (the “Company”) announced that Aurora Swithenbank has been appointed Executive Vice President and Chief Financial Officer, effective May 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Mallela departed as Executive Vice President and Chief Financial Officer at NMI Holdings, Inc..

Action: will be leaving
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On March 4, 2024, the Company announced that Ravi Mallela, the Company’s Executive Vice President and Chief Financial Officer, will be leaving the Company effective May 1, 2024.

View on SEC.gov

NMI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001547903-24-000041

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