---
schema_version: "secwatch.filing_event.v1"
accession: "0001547903-24-000041"
form_type: "8-K"
ticker: "NMIH"
cik: "0001547903"
company_name: "NMI Holdings, Inc."
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:42:44.366093+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001547903-24-000041
- form_type: 8-K
- ticker: NMIH
- cik: 0001547903
- company_name: NMI Holdings, Inc.
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/0001547903-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/nmih-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001547903-24-000041
- JSON: https://secwatch.observer/filing/0001547903-24-000041.json
- Plain text: https://secwatch.observer/filing/0001547903-24-000041.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/0001547903-24-000041-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/0001547903-24-000041-index.htm

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