secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001547903-24-000041
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/0001547903-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000154790324000041/nmih-20240301.htm
  HTML page:      https://secwatch.observer/filing/0001547903-24-000041

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