Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 27

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 27
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 candidate can be expected to make to the overall functioning of our Board; e)the extent to which the membership of the candidate on our Board will promote diversity among the directors; and f)other factors such as independence under applicable Nasdaq Listing Rules, and relationships with our shareholders, competitors, customers, suppliers, or other parties with a relationship to the Company. Director Biographies The Nominating and Corporate Governance Committee seeks to assemble a Board that, as a group, can best perpetuate the success of the business and represent shareholder interests through the exercise of sound judgment using its diversity of background and experience in various areas. To that end, the Nominating and Corporate Governance Committee has identified and evaluated nominees in the broader context of our Board’s overall composition, with the goal of recruiting members who complement and strengthen the skills of other members and who also exhibit integrity, collegiality, sound business judgment, and other qualities deemed critical to the effective functioning of our Board. Biographical information for each nominee standing for re -electionis included in Proposal 1 — Election of Directors. As stated earlier, Mr. Marlow has indicated that he will not stand for re -electionat the 2025 Annual Meeting. 19

DIRECTOR COMPENSATION Members of our Board who are not employees or officers of our Company receive compensation for their services. The Compensation Committee reviews the total compensation of our non -employeedirectors annually. At the direction of the Compensation Committee, Meridian Compensation Partners, LLC (“Meridian”) periodically analyzes the competitive position of our non -employeedirector compensation policy. Following Meridian’s review in 2024, no changes were made to the director compensation program. The following table sets forth cash and other compensation earned by the non -employeemembers of the Board for all services in all capacities during the fiscal year ended December 31, 2024.

| Name                |     | Fees Earned or 
   Paid in Cash 
            ($) |     |     Stock 
 Awards(1) 
       ($) |     |    All Other 
 Compensation 
          ($) |     |   Total 
     ($) |
| Eric K. Aasmundstad |     |        107,000 |     |    52,020 |     |            — |     | 159,020 |
| William R. Devlin   |     |         99,000 |     |    52,020 |     |            — |     | 151,020 |
| Duaine C. Espegard