NODK 8-K
NI Holdings, Inc. (NODK)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of Director
On March 18, 2025, the Board of Directors (the “Board”) of NI Holdings, Inc. (the “Company”), increased the size of the Board to nine directors and appointed Dave L. Stende as a director effective April 1, 2025, to serve until the 2025 Annual Meeting of Stockholders, or until his earlier death, disqualification, resignation, or removal. The Board has determined that Mr. Stende is an independent director under the listing standards of the Nasdaq Capital Market. Mr. Stende will serve as a member of the Board’s Audit Committee.
There are no family relationships between Mr. Stende and any director or executive officer of the Company and Mr. Stende does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Upon the effectiveness of Mr. Stende’s appointment to the Board, Mr. Stende will be eligible to receive the standard compensation received by non-employee directors, which compensation was last described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on April 10, 2024, and is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NI Holdings, Inc. | ||
| Date: March 21, 2025 | By: | /s/ Seth C. Daggett |
| Seth C. Daggett | ||
| President and Chief Executive Officer | ||